Rumor has it that the Fall Saks Friends and Family event will be from October 16th to October 19th. I'm still waiting on conformation but the last friends and family was in April and most items throughout the store were 20% to 30% off. Even cosmetics, which NEVER go on sale, were 15% off. So check your makeup bag and start making a list of what you need because this sale only comes around twice a year.
Don't fret too much if you miss the F&F. In past seasons the store hosts a "public" sale right after. However, lots of times the best of the good stuff is gone already. We won't let that happen though. I'll keep you posted and make sure you get into the friends and family pre-sale!