A sad day for shoe lovers...

This week begins with yet more doom and gloom regarding the global economic recession. It has taken victim, jobs at the Corus steel works company, as well as forcing footwear chains Barratts and PriceLess into administration.

A sad day for shoe lovers across the nation.

Will the closure of Barratts and PriceLess really upset the shoe lovers though? Well no. On a non-serious note, they can go to Clarkes shoes and buy some from there. On a serious note however, the two companies filing for administration is not the be all and end all of footwear sales in the UK.

There are still plenty of stores around and to be fair, the shoes from Barratts and PriceLess were not that great. If you didn't notice, it was why they had shoes priced at 99p instead of £40. They had you going back into the store every week for a new pair because the previous ones had fell to pieces.

If you are a really bad tight-arsed person, go shop at Primark with the chavs. They manage to seek out bargains for stuff that last for just as much as a short time as a pair of 99p PriceLess shoes. You are probably considering this option. If you are then please continue to hang your head in shame.

If you are in any kind of contact with fashion as I blatently am, then go and buy yourself some shoes from topman, topshop or even get yourself a pair of the 2009 Adidas Stan Smith GL II trainers like I have done. As you can tell, I am the height of fashion.

Current forecasts indicate we won't be out of this economy trap until the end of 2009, or the beginning of 2010 and it will quite obviously take a lot more time to fully recover.

In the mean time, don't overspend, try to avoid loans and be money-wise by saving more.