Muted economic confidence across the globe hasn’t put a lid on the cash some will spend on sought-after footwear.
It’s been a rough year for consumer spending, but shoppers are still trawling eBay listings on the hunt for sneakers worth hundreds of dollars.
Ebay Australia’s head of sneaker and collectibles, Alaister Low, said the rise of social media has helped power demand for exclusive footwear in Australia and overseas. And while shoppers might be reining in their spending in a range of discretionary categories, when it comes to the purchases most important to them, they’re not holding back.
The two months leading up to Christmas are make or break for Australia’s retail sector, but this year brands are faced with a consumer psyche they may not have ever seen before.On the one hand, customers are starting their festive shopping bruised by the past year of surging grocery prices and growing mortgage payments – and theOn the other, they’re clearly splashing cash in certain areas, whether that’s high-end sneakers or on celebrations and social connection with family and friends.
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