Michael Kors has started their second markdown, according to Mad-Spy fan, GoToGirl NYC. As we predicted, all sale merchandise went to 70% off. The first markdown came earlier this month and was 50% off.
The new discounts are not reflected on the designer's website but a sequin trompe l'oeil dress was about $4000 and is now $1200. A cheetah print dress is $510 from $1700, high heel sandals are $210 from $685 and a "wrist belt" is $105 from $350.