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Women's Footwear Stocks Rebound—Buy These Now: Analyst

Monday, 14 Feb 2011 | 11:28 AM ET

Women's footwear sales are on the rebound thanks to an improvement in the unemployment rate, said Brian Sozzi, equity research analyst at Wall Street Strategies.

The Shoe Trade
Women's footwear sales on the rebound, with Brian Sozzi, Wall Street Strategies.

“These [shoe] stocks have had a tremendous run, but there are a couple ways to play,” Sozzi told CNBC.

According to the NPD Group, sales of women’s shoes climbed 8 percent last year after posting a slight decline in 2009.

“This year, you’ll see a lot of impulse buying,” predicted Sozzi. “And for children, which actually underperformed last year, there will be a Justin Bieber effect with high tops.”

Sozzi Likes:

Nike

Coach

Polo Ralph Lauren

Nordstrom

Steve Madden

In addition, Sozzi has “buy” ratings on Nike, Coach, Polo Ralph Lauren and Timberland .

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Scorecard—What He Said:

  • Sozzi's Previous Appearance on CNBC (Feb. 1, 2011)

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CNBC Data Pages:

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CNBC Slideshows:

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Disclosures:

No immediate information was available for Sozzi or his firm.

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Disclaimer

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