Wednesday, December 17, 2008

Saks Jewelry Sale

We received breaking news this evening:

Saks is running a jewelry sale that has "NEVEEEEER been done before," according to our jewelry spy. The Fifth Avenue department store, along with the Boca and LA outposts are offering 20% off David Yurman (including couture), Faraone Mennella, Temple St. Clair, Roberto Coin, Gurhan, Ippolita, Marco Bicego (we're big fans) and Judith Ripka gold jewelry. Judith Ripka silver jewelry and John Hardy are being discounted 30% off.

This is old fodder, but opening a Saks account can get you an additional 10% off. We are told that there may be more surprises as the story evolves. The sale runs from Thursday, Dec 17 until Christmas Eve.

Oh yeah, Graff is 98% off. JUST KIDDING!
Remember, you heard it here first!

Contact: Raquel 212 940-2131


Anonymous said...

Now if they would include Cartier in that sale I would be there as the doors open!

As for 98% off they might as well pay us to take it off their hands. We can dream right?

Anonymous said...

So are they folding or what?

Anonymous said...

i think they are closing alot of stores but not folding

thepreppyprincess said...

Oh Lord... now we are really getting nervous about their future. Seriously nervous.

Thanks for letting us know!

Anonymous said...

There has been rumors of Saks closing stores for years and it has never happened. I doubt the whole company will close down but I do think we will be seeing lesser amounts of inventory which will mean less at sale time. The reality is the make more in profits selling fewer items at higher prices than mass amounts for prices very close to or below cost. Currently they are way over stocked and need to move things out. Their sales are also down considerably and they need money to pay for the next seasons stock so time to liquidate some inventory.

Lila Delilah said...

^^^^I couldn't have said it better myself!