Good shoes that can be resoled start at about $250 (think Allen Edmonds), so these are not that much more. $292 at sale prices.
You can't resole 95% of shoes sold. There are only a few types of construction when you can, and none of them are sold at Johnston and Murphy, etc.
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Maybe you like over paying but I have seen these brands being sold for between $75-$125 at my local Costco. A pair of $120 Ecco shoes are very nice and comfy, and can be redone many times.
The incremental value offered by these labelled products is almost exclusively in the snob department; the marginal rate of return in the utility department being almost zero.
But there is a big class of powerful people where these subtleties are a necessity. As one of my friend's in Manhattan told me, the $5-10K he drops every year on Brook Brothers is just the price of entry into the club.
All that being said, it is good that getting something at a discount still makes you excited. Very often all the prep schools, the single malts, and the Brook Brothers stuff makes people forget the pleasures from the smaller things in life (like getting $100 off a $500 shoe).