Are you a shoe fanatic? Do you find yourself hitting the department store every payday looking for a new pair of kicks? If so, there is good news for you. Your shoe buying passion could put you in position to profit. Many shoe manufacturing companies make great investments. They provide a valuable good that customers need and are paid a tidy sum for their wares. (You know more about stocks than you think. Don't miss Invest In What You Know.)

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Steven Madden
Steven Madden (Nasdaq:SHOO) may be a small company but the company has been delivering big results. The company has been making affordable comfortable footwear for men and women since 1990 with brands such as Steve Madden Kids, Madden Girl, Stevies, Steven, Madden Girl, Steve Madden Men's, Steve Madden Fix, Olsenboye, Candies, Elizabeth and James. Customers love the one-of-a-kind unique designs that come from Steve Madden.

Investors seem to love them too. Shares of Steve Madden are up 1186% over the past 10 years. That's a phenomenal return for such a young company! The shoe company has increased earnings 19% over the past five years and expects to generate returns in the mid-teens going forward. The company is projected to have over $600 million dollars in sales for the year which would represent four straight years of consecutive revenue growth. With solid earnings growth and no debt, Steven Madden looks like the company is here to stay.

The name Nike (NYSE:NKE) is synonymous with athletic footwear and apparel. Nike's "Just Do It" logo is recognized around the world. For everything from running shoes to football cleats Nike has got you covered. Nike outfits NBA stars like Kobe Bryant, NFL stars like Drew Brees, and golf icon Tiger Woods. The company has been around since 1964 and shows no signs of slowing down. (Learn more about the golf sensation in The Tiger Woods Effect - $12 Billion Wiped Out.)

The company has done a great job of delivering consistent sustainable profit growth for shareholders achieving its goals. Nike is on pace to earn over $20 billion dollars in revenue this year which would be a 13% increase over last year. Investors have been rewarded with a 308% return over the past 10 years. That's a great return during a lost decade for the stock market.

Heely's (Nasdaq:HLYS) is famous for its heeled footwear. The company makes those cool roller skating shoes that kids seem to love. The fun thing about Heely's shoes is that the shoe's wearer can switch between running and rolling quickly. All the wearer has to do is shift their weight to start skating. Heely's is more than just its two-in-one shoes. The company makes traditional non-wheeled shoes as well. (Are trendy products like Heely's worth investing in? Find out more in Investing In Fads.)

Investors that like Heely's products also find its stock a reasonable buy. Shares trade for just $2.50 per share as the company has seen its revenue decline substantially each of the past three years. Revenue, profit margins and net income have all turned into the red. The stock is down 92% over the past 10 years. The good news for investors is that shares of Heely's are trading for less than book value and the company has no debt. Heely's is a speculative play as investors have to see if the shoes are just a fad or a fixture.

Deckers Outdoor Group
Have you ever wondered who makes those popular UGG boots that you see all over the place? The answer is Deckers (Nasdaq:DECK). Deckers is responsible for the Teva, UGG, Simple, Tsubo, Ahnu and Mozo brands. The company makes a variety of open and closed toe shoes for all types of shoppers. Deckers has been around since 1973 and the company continues to expand.

Company management has done a fantastic job increasing the company's market share. Deckers has grown earnings at a 32% clip over the past five years and has produced operating margins and profit margins in the high double-digits. Another advantage for Deckers is that the company has no debt. Deckers has been a remarkable investment over the past decade. The stock is up nearly 3000% over the last 10 years.

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Whether it's the huge selections of clothing and apparel or just the piano playing, customers love shopping at Nordstrom (NYSE:JWN). Nordstrom is an upscale department store known for its designer clothing and shoes. If you are looking for a top notch shoe, Nordstrom's has it. The company has hundreds of shoe brands including Guess, Kenneth Cole, Marc Jacobs, Fendi, Jimmy Choo and Vera Wang.

The shoe retailer has done a good job of successfully weathering an economic recession that was particularly harsh to retailers. The company's earnings have only fallen off 3% during the past five years. This is good considering that many retailers have closed their doors over the past two years. Despite the bad economy, Nordstrom has been a good investment for its shareholders returning 420% over the past decade. There is no reason that Nordstrom cannot keep up its outstanding performance. (For related reading, take a look at A Map To This Year's Best Shopping Deals.)

The Bottom Line
As you can clearly see, each of these companies is a shoe shopper's dream. So, the next time that you are out shoe shopping, you can use the excuse that you are doing research for a potential investment.

Check out the latest financial news in Water Cooler Finance: History's Biggest Rogue Trading Scandal.

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