March 19 2010 | Shannon Bryant
Similar to results seen in the fourth quarter in the apparel market, the fashion footwear market saw the return of women in the last quarter of 2009. “While still not in the growth mode, the momentum is shifting.” noted Marshal Cohen, chief industry analyst, The NPD Group, Inc.,, “In 2008 women withdrew from their footwear purchases, but in 2009 evidence of “frugal fatigue,” has shown up as women began to re-enter the market.” In addition to outdoor/all-weather boots, casual styles also contributed to the growth of the fourth quarter boot business, driven by low to mid heeled, high shaft styles that complemented key apparel trends such as leggings and skinny jeans. The other major boost for the women’s fashion footwear market came from the walking category. Driven by the toning/shaping segment, walking grew 33% annually and over 100% in fourth quarter. “Holiday has proven to be a huge opportunity for footwear and primarily the outdoor boot business. This industry doesn’t typically think of itself as a holiday business, but the holiday results this year have again proven differently.”
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