Going Out Of Business (?) Sale

— Thu, 8th January 2009 —

In store and online, a Racked tipster brings word that Saks has increased markdowns to a full 80%… even though some sales items had already been reduced by as much as 90% since early December.

**Update: Readers are writing in with some inspiring stories/intel: “I got a Versace leather jacket last night for $425 – retail $1895. Damn. Some other good stuff too, lots of jeans, some jackets and lots of random shirts/sweaters on the 80% off racks. Clerk told me its been really slow and for future sales he expects some consolidation sales – stuff from other stores that isn’t selling that they’ll bring to NY where, even while slow, still more traffic.“**
Saks Fifth Avenue – 12 E 49th St at 5th – 212-644-1704 – Map

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