This morning New Yorkers awoke to a blanket of snow and news that the Saks Fifth Avenue Consolidation Sale for women will begin Thursday, January 9. (The men's sale is currently underway.) That means that the department store's 9th floor has become a virtual bargain basement for the winter 2013 season.
The markdown is up to 70% off but the beginning of this sale usually only consists of leftovers from within the store. The merchandise isn't all that desirable and pretty well picked over. Right now there is assorted merchandise from the likes of Stella McCartney, Temperly, Moschino, Yigal Azrouel, TSE and Donna Karen.
If you wait just 10 days, merchandise from other Saks locations will start making their way to New York. When this occurs it's more likely to find key items from designers such as Missoni, Pucci, Herve Leger, Dior, Fendi, McQueen and Chanel.
Of course, we will have a full report on Monday. This sale usually runs through the end of the month. At the very end, all prices are slashed by an extra 25%. Our advice is to go early, shop often, but expect the best merchandise in about two weeks.