Thursday, November 20, 2008

Live From Saks

Reports from the sale floor of 5th and 50th are flooding in. It appears as if Christmas is coming early this year and Saks is intent on moving out all in the inventory as soon as possible. The store s currently discounting merch initial 40% plus an additional 50%, which basically comes to about 70%. The additional discount ends Friday (Black Friday) at noon.

Here are some reports:

It's insane! Saks is selling goods at 13 cents on the dollar, according to a source close to company executives.

You can't find anyone to help you. All the sales people are running, says one shopper on the 10022- shoe floor.

One sales associate says, "I've been working here for 13 years and I've never seen a sale like this."


Just remember, Louboutins are not comfortable to wear on a breadline.

Updated Observations:

Merchandise is steadily being brought out from the stock rooms. It seems as if there is more than enough to go around. After all, that's the reason why they are having the sale.

One woman had 20 to 30 pair of shoes stacked to be brought out to her car. Her pile included Louboutins, Viviers and Chloes.

The Chanel boutique is starting its sale Friday morning. Call Endo (212-940-4347) first thing in the morning if there's something you have your eye on. Classic bags, of course, will not be on sale. Think fashion Fall 2008 if you're looking for a discount.

Employee s are worried. Prices cut this low could mean job cuts are next.

The Bergdorf's sale is still just 40% off but they have a history of holding out.

22 comments:

sara said...

lila, do you know if the saks in my mall (walt whitman) would be holding this sale as well?

Anonymous said...

Wow! the shoe and handbag departments are crowded and hectic....... the deals are great so grab what you can

Anonymous said...

I am soooo itching to get out of work right now!!! Your blog is making me anxious =)

Anonymous said...

shoot got the dates wrong..does anyone know if there is ANYTHING good left ??

Chelsea Rae said...

That sounds crazy! Note to self, figure out how to go to class at 9 on Long Island work for an hour after class and get to Manhattan before noon!

Lila Delilah said...

All Saks-- or is it Sakses-- are holding the same sale.

Anonymous said...

it was Crazy~
got 2 Gryson bags for $350 it was Like a mad House. there are tons of people near the bag section, and 8th FL Bag section. extra 50 % off is only with the SAKS cardholders.

that's total about 79 % off the retails.

Lila Delilah said...

your math is wrong. it's 70% off retail once all discounts are taken.

Anonymous said...

so is it only for saks card holders? i do know they are reducing again on tues.. and bergdorfs is marking down again today but i think its mostly contemporary lines..they had it advertised in several papers yesterday

Anonymous said...

Its not just for cardholders for all, was just there

hard liquor; soft holes said...

thank you thank you thank you!!

i got a jil sander suit for $500!!

calbee said...

just went there, its like a zoo on the first floor, i think all the goodies are gone...i got myself a prada small nylon blue backpack for $ 163+tax...

Anonymous said...

Did the extra discount really end at noon today?

Anonymous said...

extra discount ends at noon next friday. you have a week to take advantage of this!

I was wondering was the additional 50% off with apparel also or was it only additional 30%?

Anonymous said...

For those of you who have sampled the loot, is it worth going today at 530? I am hopelessly stuck at work =(

Anonymous said...

Theres a comment above stating Jill Sander suit for $500 so assuming the 50% off must be apparel as well

Anonymous said...

Here's the deal...

Depending on who you ask in the store the sale varies. I bought a Prada bag for $350 but it had to be shipped to me in order to take advantage of the presale. Shipping was $13 but that's less than tax. Then I went to clothing where if you want to take it today they are not giving an extra 50% off, you have to do presale. However depending on who you work with some are letting you take everything today.

Bottom line, make sure you let them know you want presale and look for the sales associates letting you take the stuff with you.

The bags are pretty much cleaned out. A few left in Prada, nothing worth while in Gucci (however there was a line to look), several Chanel bags (mostly sequins), nothing from YSL, a few Chloe and Marc Jacobs. I didn't look at the 5th floor bags.

Shoes I didn't even bother going to that floor!!!

Anonymous said...

Bergdorfs might only be 40% off but they are discounting several things other stores are not.

Anonymous said...

ok i was there..it was crazy..people were running ..no registers worked..it was 40 off but if and only if u had a saks card would u get the extra 50 off and it would be shipped to u. if u did not then u have to wait until tues for the extra 50 but in the clothing dept (contemporary) they would hold it and charge u on tues..shoes..forget it...

amanda said...

i went to the 5th Ave. store today and it's crazy. 1st fl. bags are on the floor and there is a line for every register, people are grabbing 3, 4 bags at one time. I got a YSL tribute bag. original price $1078.33 (after tax) and I apply for the saks card and the price got to $178 (there is a 10% off the first purchase).

lots of Marc Jacobs bag, some miu miu, Foley and Corinna....saw a Marni bag.

went to 5th and 8th floor for shoes but it was too crazy!

Anonymous said...

I went at 7PM today. This WAS a good sale. Nothing decent left in handbags. Gucci, Prada, Chanel- all the sale stuff is gone. Shoe section is totaly crazy, you can still find some deals if you wear a 6 1/2 or like a 10 but anything in between and you are going to have a hard time.

Anonymous said...

Was just there. I can see it was a great sale :-( Luxury bags are pretty much gone.

Just a ton of cheap stuff like Tory Burch and Juicy.

Couldn't deal with looking through shoes. Only way I'll attempt shoes is if I go back in the morning when the doors open.

But the designer clothing sale is amazing!!!!