Friday, June 12, 2015

Saks Jumps Into 2nd Markdown (Even Bags)

It seems as if we are sale-ing into second markdown season much earlier than anticipated. Saks Fifth Avenue, today, started their second markdown and most all designer items are now 60% off.

We were surprised to find that even some bags are cut by 60%. This Stella McCartney bag is now $890 from over $2200, a Lanvin lizard bag is $1116 from almost almost $2800 and a Dee Ocleppo python handbag is $1375 from $2750. The Christian Louboutin sale just kicked in today but the bags (and shoes) are still at just 40%. We kinda love this Valentine crossbody and this sweet charity.

The same 60% off extends to a large assortment of styles in the shoe department. Chloe ballet flats are just $221, this Aquazzura lace-ups are now $417 from $900 and Saint Laurent black-on-black studded heels are $465 from nearly $1000.

Standouts among the newly reduced clothing include, this MSGM pineapple print skirt that's $172 from $430, a Givenchy top for $290 from $725 and that Saint Laurent stars dress is $1500 from $3750. (Someone needs to take a better look at this styling. Geesh!)

We must admit we are a bit surprised by this markdown. If Saks were an economic indicator, we would suggest you aggressively hedge your luxury investment exposure.

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