Wednesday, July 15, 2015

Saks 5th Ave Cuts Prices 75%

What a difference a season makes. This past winter, Saks Fifth Avenue made a point of ending the consolidation sale and limited discounts to 70% off. Perhaps Hudson Bay-- the corporate owner of Saks-- didn't realize how competitive the luxury retail space can be.

Today, Saks started a "Surprise Sale" where discounts top 75% off. This MSGM white lace dress is mid-Summer perfection at $273 from $910, this Christopher Kane white eyelet skirt is $281 from $1135 and a Narciso Rodriguez shift dress is $519 from $2100. Take note that not all merchandise is 75% off. Most less expensive pieces and contemporary designers are between 60% and 70% off. Shoes are still reduced 60%.

This extra discount promotion is only available online and ends Thursday at midnight. We also noticed that there isn't a Final Sale policy on sale items. The small disclosure states that returns on sale items can be made within 30-days. Lets hope that this is a permeant policy change.

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