Colorado

Dec 20, 2010 9:59 PM by Jeannette Hynes

What's the economy doing? Look at your shoes

Colorado Springs sales tax collections have increased ten out of the past eleven months, after a rotten collection year in 2009. Many economic indicators show an upswing in the local economy, but some say all you have to do is look at your shoes.

During the height of economic downturn, Troy Schwarzenberger of Westside Boot & Shoe received shoes stacked up to the ceiling to fix. Two years later, and Schwarzenberger sees no signs of business slowing down.

"It's still going as good as it was. It's not quite the shock to us now as it was before," explains Schwarzenberger.

He says the wait time for shoe repair averages six to eight weeks compared to the two weeks it was a few years ago.

At Brown's Shoe Fit Company, the past two years have been challenging.

"You take day to day and see how it's going," says Dan Doerr, manager at Brown's Shoe.

Over the past few months, new shoe sales are picking up.

"People are more optimistic. We're seeing a lot more people coming in and buying holiday gifts. A lot more than last year, especially," remarks Doerr.

Doerr says shoe sales walk right in step with how the local economy is doing.

So while people are starting to pick up the pace and buy new pairs of shoes again, they're still spending money to fix their favorites.

"They have a comfortable pair. Good pair they spent good money on and they just want to keep them going," says Schwarzenberger.

 

 

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