We found Derek Lam sailor-style bell bottoms for $260 from almost $800 and a David Coma asymmetrical dress is down to just about $500 from $2000. There's also Barbara Bui denim wedges for $200 from $585 and denim sneakers from Joshua Sanders are $200 from $425. We are really crazy about this Sara Battaglia rainbow clutch that's about $340 from $1225. (It's going to be hard to do much better than that.)
The sale is online and in stores but the last time we checked the Madison Avenue store there wasn't a lot left on the clearance racks. You might have better luck Downtown but shopping online seems easier than either!