Thank Karl. We have liftoff.
Despite all of this economic-downturn-crisis-nuclear-meltdown-overdrive-apocalypse nonsense, it would appear that District L can salvage that last shred of hope for the human race, as people are apparently still shopping. Shoes, to be exact. According to the NY Times, 1.5 billion dollars worth, up a staggering 7.9 percent from last year.
"“I would argue you wear out shoes more than you wear out handbags,” said Marie Driscoll, an analyst with Standard & Poor’s Equity Research who is adept at rationalizing her own shoe purchases. Living in New York, she walks everywhere. “I use the argument, ‘If I spend $150 to $300 on shoes, this is my car.’ ”"
Sure, the article features blatant references to Macy's, Midtown, and Merrell but at least people are starting to get the picture. That only speaks for some, we all know people are still shopping the labels that matter.
