Changing landscape of UK footwear market charted in new report
02/05/2002
Despite its status as a basic necessity, footwear’s share of total UK consumer expenditure fell from 1% to 0.7% between 1992 and 2001 - the main reason being the fall in prices resulting from the shift in production to low cost countries. A pair of shoes also now costs on average 8% less than it did in 1995.
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