This year, the sales came fast and furious, but that doesn’t mean that all the merchandise is gone. Some stores reduced prices further after Christmas while others are holding out. Whatever inventory is left through February will be reduced at least 70% off. For now, here’s the status of your favorite stores.
Bottega Veneta: Ready-to-wear is now 50% off, woven bags are 30% off and non-wovens are 50% off. Our trusted futurist, Faith Popcorn believes that Veneta will be able to withstand the economic downturn because of its understated designer status. I hardly know a person who doesn’t have at least two woven bags (present company included) and they are quickly getting boring. This consumerist is in need of something new and exciting.
Chloe: Before the holidays I took a quick spin and there were only two very bare racks of clothing. In early December, prices were slashed to 70% off. Their aggressive sales seemed to have paid off. If you want Chloe you might have to fish online venues, like Net-A-Porter.
Christian Louboutin: The discount is 40% off and we were assured prices will not go down any lower. Looking for better Loubie deals? Make nice with a department store sales person and have them give you a call when a return in your size comes in.
Dolce & Gabbana: We are still kind of bummed that the Friends and Family sale was only 60% off. At least the insider discount is now public. Not that the collection had many standouts, but it’s going to take more than 60% off in January to lure shoppers.
Dunhil: As the only apparel outlet owned by the Richemont Group (Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, Panerai and Montblanc), you can expect that these guys really know what men want. Nice watch, great cufflinks, amazing suit! Now you guys can get the fine tailoring you want at 60% off. Dunhill always has an end of season sale but this is on the early side. Maybe, wait it out and prices continue to slip.
Ermenegildo Zegna: Listen-up boys, especially if you’re over six feet and under 200 pounds. Zegna’s sale is 70% off. Lots of suits left. For those men who don’t take hints easily: GO! Go now!
Gucci: The sale is 50% to 60% off, but when was the last time Gucci had a really great collection?
Jil Sander: As predicted, Jil Sander ready-to-wear is down to 60% off from 40% off, in November. They did have a great collection and I wouldn’t be surprised if not much is left.
Jimmy Choo: Fall/Winter shoes are up to 65% off. The store even dropped their prices on classic shoes to 30% to 50% off.
Michael Kors: Our favorite reality star/fashion designer dropped prices 70% off on clothing and 50% on handbags. In my head, I can hear Michael preaching, “70% off is in the new black.”
Prada: Ready-to-wear and bags are down to 50% off. Nobody believes me but I think prices will fall to 70% off like they did in 2004. The SoHo flagship is usually where the US consolidation is done.
Valentino: Fall/Winter ready-to-wear is down to 60% off. Accessories are 50% off.