My dear friend, Paige Turner reports that Saks Fifth Avenue has started their presale for a second round of markdowns. The sale officially begins on June 11 and June 9th on Saks.com. The markdown is for an additional 33% off for a total of up to 60% off. Saks took their first markdown less than four weeks ago. Seems like a tall-tell sign of a declining economy. It's a sign of the times... a sign of the times.
Contact: 212-753-4000 ask for Eric in the Alice and Olivia department. He's very sweet and will set all of your choice purchases aside until the sale officially starts next week.