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Shoe Prices Are Up, And Footwear Could Be Off Some Holiday Gift Lists

Consumers are spending, but not necessarily on shoes. U.S. consumer spending intentions on softgoods, such as apparel and shoes, over the next 90 days are up 5.9 percent versus year-ago levels, according to a UBS survey earlier this month. High-income consumer spending intentions jumped 10.4 percent. “We think this is very important since high-income consumers...