The $1,000 Shoe Market

Thursday, 20 June 2013 | by Pat's Picks

After an afternoon spent at the Bergdorf Goodman shoe department, the New York Times opines that the “designer shoe industry, to some extent, relies on the willful suspension of rational thinking.” That’s the only way women can justify buying merchandise that is “patently, obscenely, even self-destructively overpriced.” These days, the price range for pumps is between $600 to $1,400 and you can’t get a pair of designer boots for under $2,000; retailers say the average purchase in the shoe department is around $850.

SOURCE: New York Times