On the right foot
Yellow booties, red shoes, cowboy boots, flowered pumps, teetering heels, cleats, platforms, ballet flats, sneakers, flip-flops. The list of foot-covering options for men and women seems endless.Shoes can be practical, expressive, demonstrate status or social views — and so much more. It’s a huge business. Statistics Canada reports that shoe stores hit $259 million in sales in December 2013 alone.
The global footwear market is expected to reach US$195 billion by 2015, according to research from Global Industry Analysts. And footwear is the only Canadian apparel industry sector that’s growing, according to recent findings by international marketing firm NPD Group. Hudson’s Bay Company and other department stores are expanding their shoe departments, especially at the higher end of the market.