Nordstrom started a big designer markdown on Thursday. Valentino, Givenchy and Burberry are reduced to 60% off. The price adjustment occurred just a few hours ago but so much merchandise is already sold out.
Italist quietly did another round of markdowns but the news hasn't been formally announced. That means that you can shop the 70% discounts now before the word even gets out.
Some of the sale highlights include this Prada PVC tote that's $715 from $1100 US, Bottega Veneta Lido heels are $940 from $1250 US, and Saint Laurent tribute slides are $380 from $600. If you aren't opposed to buying items out of season there are some great Herno deals and Max Mara deals. Some items for the Fall 2020 season are even already reduced.
Although Italist has good sales it's always our go-to for scoring not-on-sale-anywhere merchandise for less. For instance, this Celine canvas tote is $1480 from $1850 US retail. If you were considering the purchase at full price, the $400 savings feels like a gift. Here is a classic Fendi coat with fur pockets that's $2000 less expensive than it would be in New York (or anywhere else in the US.) This Fendi Zuca print coat will afford you $800 in savings.
The sale should officially break later today. Let's hope that the headstart provides the perfect find (in the right size.)
Traditionally, US sales begin several weeks before European retailers. Like everything else this season, the sale schedule is upside down. Net-A-Porter UK is a full markdown period ahead of us and can offer some really amazing savings for those who want to snag-it-now.
Shipping is free to the US if the order is over $250. Most items don't require duty. If you're averse to International shopping, the US NAP site is about seven to ten days behind it's UK sibling....
You made it through the weekend and now, here is a treat. MatchesFashion and Ssense just started additional markdowns where this season's merchandise is now reduced up to 60% off. Keep a special eye out for Alexander McQueen, Balenciaga, Burberry, Givenchy, Loewe, Saint Laurent, and other European designer mega-labels.
There is a lot of old merchandise listed in this sale too. After you filter your favorite designers, it's best to sort by "Just In" to see the most current season's sale merchandise.
On Ssense, you'll find similar designer markdowns. This Saint Laurent Kate bag is $1282 from $2300, Alexander McQueen sneakers are $400 from $530 and a Givenchy bag is $1140 from $2200. Be thorough in your shopping. Some items can differ in price according to color. It's best to know all your options before checking out.
Both sales started within the past hour but items are moving fast. We will continue to update the post with our favorite finds....
COVID cases are drastically accelerating in regions in the center of the country. Retailers are bracing themselves for regional lockdowns, which will further cripple the sector. The only saving grace seems to be the potential of another government stimulus packaging but partisan bickering may provide too little, too late.
The list of retailers filing for bankruptcy is quickly growing and that comes on the heels of JC Penny, J Crew, and Neiman Marcus. The list grew dramatically this week with the addition of Brooks Brothers, Sur La Table, Need Supply Company/ Totokaelo, and the beloved Japanese emporium, Muji.
Many of the largest US retailers canceled Summer deliveries. Despite the appearance of deep discounts, American shoppers will soon begin to notice that local department stores don't have much inventory. Many stores aren't accepting shipments until October/November.
Stores that didn't cancel orders started receiving deliveries this week and we can already see responsive shifts. Gilt launched this season's collection of Dior items at a much steeper discount than normal. Here are J'adore heels for $860 from $1050 and 30 Montaigne sandals for $700 from $900.
The Italian boutique Coltori has new season deliveries for significant discounts compared to US prices. This pearlized Bottega aqua pouch comes to $1700 from $2700 US retail, a classic woven clutch with a chain is $675 from about $1550 US retail, and shoes with an ankle coil strap are $916 from $1220 US retail. The site also has lots of new season Fendi, including a few items from the new Joshua Vides California Sky capsule. Here is the monogram canvas tote for $1200 from $2190 US and Zuca logo sandals are $555 from $750 US retail. See the full post for codes and additional discounts.
Yesterday Farfetch discounted some items further. It's difficult to call out prices on popular items as they tend to change quickly as inventories shift between retailers. Don't miss this Rick Owens coat that's $996 from $3300 or this Versace silk blouse for $525 from $1050.
Coming up this week I don't expect to see more markdowns. Instead, stay tuned for promotions with discount codes.
Stay tuned. Until next time... same time, same place?...
The retail sector will likely feel the ramifications from COVID for several years. European boutiques, in particular, seem to be the hardest hit. Fall shipments are already arriving while Summer merchandise hangs from neglected racks. The combination of lost tourism revenue and a global recession further compounds the magnitude of European inventory overruns.
As news of Covid emerged from the Far East and Europe, many of the largest US retailers quickly canceled orders for Summer. Despite the appearance of deep discounts, American shoppers will soon begin to notice that local department stores don't have much inventory. Many stores aren't accepting shipments until October/November.
Those looking for the most attractive pricing for luxury items should set their sites on European retailers. Coltori is has a small collection of Italian boutiques on the West Coast and is offering 25% off sitewide with the code MOON25 or 15% off products indicated with a star with the code XTRAMOON15.
The site also has lots of new season Fendi, including a few items from the new Joshua Vides California Sky capsule. Here is the monogram canvas tote for $1200 from $2190 US and Zuca logo sandals are $555 from $750 US retail.
Retailers are getting hit hard this year and NSTO, which operates Need Supply and Totkaelo is the latest Covid-19 retail casualty. The store announced, this week, that they will be closing all of its stores.
Need Supply is based in the Richmond, Va.-and sells moderately priced high fashion brands like Ellery and Rachel Comey. Totkaelo has a store in Soho, NYC, and Seattle and specializes in higher priced avant-garde fashion from the likes of Acne, Dries, and Comme Des Garsons.
It might be fun to shop sales where merchandise gets super-reduced but the loss of profit hits in more than one place. This is definitely not the last of retail COVID calamities.
Nordstrom's markdowns have been on fire this season and the power to entice isn't waning. Right now, you can find various European designer merchandise discounted up to 60% off. That includes brands like Prada, Bottega, Fendi, and Saint Laurent. The best part is that there is still a great selection.
Granted some designer items are worth waiting for the second round of discounts but the new season merchandise is really novel. Heavy tread Prada sneakers may be difficult to get once Fall officially arrives and they are 40% off now.
