Canadians pass on new shoes

|By:, SA News Editor

A slip in retail sales in Canada was led by a surprising drop in demand for shoes.

Data from Statistics Canada showed sales at shoe stores fell 5.3% M/M and 6.0% Y/Y during March to mark the biggest drop in any retail subcategory.

Related stocks: CROX, DECK, WWW, SHOO, SKX, SCHL, BWS, FL, NKE.

Full report (.pdf)