Reports from the sale floor of 5th and 50th are flooding in. It appears as if Christmas is coming early this year and Saks is intent on moving out all in the inventory as soon as possible. The store s currently discounting merch initial 40% plus an additional 50%, which basically comes to about 70%. The additional discount ends Friday (Black Friday) at noon.
Here are some reports:
It’s insane! Saks is selling goods at 13 cents on the dollar, according to a source close to company executives.
You can’t find anyone to help you. All the sales people are running, says one shopper on the 10022- shoe floor.
One sales associate says, “I’ve been working here for 13 years and I’ve never seen a sale like this.”
Just remember, Louboutins are not comfortable to wear on a breadline.
Merchandise is steadily being brought out from the stock rooms. It seems as if there is more than enough to go around. After all, that’s the reason why they are having the sale.
One woman had 20 to 30 pair of shoes stacked to be brought out to her car. Her pile included Louboutins, Viviers and Chloes.
The Chanel boutique is starting its sale Friday morning. Call Endo (212-940-4347) first thing in the morning if there’s something you have your eye on. Classic bags, of course, will not be on sale. Think fashion Fall 2008 if you’re looking for a discount.
Employee s are worried. Prices cut this low could mean job cuts are next.
The Bergdorf’s sale is still just 40% off but they have a history of holding out.