Thursday, July 24, 2008

Madison Avenue Spy Round-Up

Sale season is coming to a swift end and I thought it might be best if we take inventory of what's going on around town. I called and shopped asking the question, "Do you still have any Spring/Summer merchandise?" Then followed up with the pièce de résistance, "What is the current markdown." Here are the responses in alphabetical order. There's more to come on Monday.

Chloe: "We have a few select sizes." If you're lucky to be a select size it's 50% off. (The same as back in June.)
Gisella 212-717-8220

Dolce & Gabbana: "We have some dresses, slacks and blazers but come in soon because it's all going out after the weekend." The current markdown is 60% off.
Cono 212-249-4100

Ferragamo: "It's all here until we do inventory in mid-August." Most items are 35% off.
Nick 212-759-3822

Gucci: "It's all gone."
Maura 212-717-2619

Jil Sander: "We have a little." It's all 60% off.
Julia 212-838-6100

Jimmy Choo: "Yes we do!" Along with shoes there is still bags too. Both are 50% off.
Zita 212-759-7078

Michael Kors: "We don't. Sorry."
Christina 212-452-4685

Christian Louboutin: "We are really nearing the end and there's about nothing left." The discount is just 40% off.
Erich 212-396-1884

Prada: Done
Christina 212-327-4200

Roberto Cavalli: "Yeah." The current markdown is 50% off.
Sheldon 212-755-7722

Sigerson Morrison: "Yes." It's all 50% off.

Valentino: "This is the last week and it's all being shipped out Monday." The current markdown is 60% off.
Robert 212-772-6969

YSL: "There's a bit." The markdown is 40% to 60% off ready-to-wear (mostly 60%) and 40% to 50% off accessories (mostly 50%).
Donald 212-680-2970


Anonymous said...

Interesting. It confirms what friends and I have already suspected: the reductions this year are surprisingly low despite the economy. It seems that brands would rather ship them to outlets and protect their name and image. I guess they want to salvage the fall and prevent bargain-hunting consumers from waiting to spent until the last minute. I'm not sure this strategy is a success--if you can't afford it you can't buy it full price.

I was actually expecting this to be a phenomenal sale season and expected to spend a fair amount of money. To date, I've spent less than in years as the real bargains --quality items I love at a substantial discount--weren't there.

Lila Delilah said...

I think we need to do some financial reporting soon. Maybe that will give us some more perspective of what's going on in the economy.
From what i've read most retail is down sharply EXCEPT for the luxury market segment. I'll have to do some more fishing around.