The most expensive pair of shoes this year are Manolo Blahnik's alligator boots, which retail at $14.000 (£ 9.500). A study conducted by NPD Group, a US-based retail and consumer information firm, showed that American women spent almost $17 billion on fashionable footwear between October 2004 and October 2005, signifying a 10 percent growth since 2003.
Marshal Cohen, chief analyst with the NPD Group, says that clothes are no longer the number one priority for women, who are increasingly choosing accessories over apparel. Accessories stand for wealth, style and success.
Although only 1 percent of women spends more than $1.000 on a pair of shoes, the number of women willing to pay more is bigger than ever.
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