Saks Sale and the luxury market

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11 January 2011

After an insanely busy sample sale holiday season (who can forget the hour plus lines at Diane Von Furstenberg or Alexander Wang?), sample sales have slowed to a trickle. So does that mean the New York luxury market is beginning to recover? If the insane sale currently happening at Saks Fifth Avenue is any indication, the answer is a distinct no.

The prices at Saks right now are better than we’ve seen at almost any sample sale – we’re talking last day of the Barney’s Warehouse Sale here, but with better selection and no line. Discounts regularly surpass 50-70% off original prices. Though about a quarter of the whole store seems to be on sale, the best values and selection can be found in shoes, bridge collections like Elizabeth & James, Nanette Lepore, and Marc by Marc Jacobs, and top-end luxury lines like Alexander McQueen and Ralph Lauren. (Side note: though the lingerie sale selection isn’t that great overall, Saks is getting rid of their entire Elle MacPherson stock – $25 bras!)

Shoe bargains are ridiculous: in the eighth floor serious designer shoe department, sky-high studded Fendi booties are $477 from $1195 and tortoiseshell patent leather Giuseppe Zanotti peep-toes are $197 from $495. Things get even more insane in the mid-priced shoe section: Belle by Sigerson Morrison zipper flats are just $60 (compare to $119 on RueLaLa the very same day!) and a pair of Tory Burch lobster flip-flops can be yours for just $13.

In the bridge lines section, racks and racks and racks of clothes are 30% off already deep holiday discounts: a sweet Nanette Lepore burgundy cocktail frock is $99 from $348, a nautical Marc by Marc Jacobs is an astonishing $78 from $628, and a stunning Theory leather and fur moto jacket is $650, a 40% savings from its original price of $1155. Sorry, everyone who waited in line at DVF last month: should have held out until this sale, where a sexy red wool wrap is a mere $180. In perhaps the most astonishing price in the store, a retro trompe l’oeil Z Spoke by Zac Posen dress is $32. THIRTY TWO DOLLARS!

But what about the ultra high-end designers? Though the double digit prices aren’t on display here, the discounts are just as striking: a soft grey Burberry peplum jacket is $460 from $995, a Marilyn Monroe-esque white TSE cashmere cowlneck is $271 from $680, and a pair of suede fitted cargo Ralph Lauren pants is $878 from $2198. Have a black tie event on the horizon? Don’t miss the selection of Alexander McQueen gowns: an apple-green bias cut stunner is $1195 from $2555.

Is the luxury market recovering? Despite the lack of sales this week, it doesn’t look like it. Oh well – as with everything in the past two plus years, it’s bad for business, but great for shoppers.

Leila Cohan Miccio


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Posted by Bindra at 05:53 AM
bargain news , Sample Sale Reviews |



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