The horror of teeny-boppers carrying Versace bags through their local mall caused the company to revive its lower-priced Versus line, which had been discontinued in 2005. Subsequently, Versace has hired a new CEO, fired their CEO and fought off rumours of bankruptcy.
Fast forward to Christmas 2009 and we have 50% off. What is even more shocking is that last week, the boutique discounted prices 75% off as part of invitation-only sale. As a matter of fact, one invitation holder tried hocking their discount on Craig's List for $1,000. The entrepreneurial posterpointed out that discount "means you can buy $10,000 worth of merchandise for $2500." (A gift for math?!)
Unfortunately, the 75% off sale is over but our experience tells us that if a store is discounting deeply for friends and family, it's only a matter of time until the discount is wide-spread. In the meantime, we'll keep popping our head into Versace and let you know when the Medusa hits final markdown.
3 comments:
awesome! its about time! i've always wondered when they would get off their high horse and let us little people have some access to their Versace treasures.
It will still be overpriced as hell but maybe a little hunting will bring good swag
50 % off of Versace.... hahaha, they need not worry. I'm pretty sure the label is still way out of most suburban mallrats' budgets.
Any more Versace sale??? More than 50%?
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