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    Consolidation Sales: Saks and Neiman Marcus

    It’s that time a year again! Merchandise from all over the country is being transferred to the metropolitan area for final reductions. At last check, the discount at Saks was 70% off and across the bridge, at Riverside Mall, Neiman Marcus is hosting their Last Call with discounts up to 65% off.

    The selections at both stores are quite depleted but we suggest you check back over the next week. We hear that both luxury emporiums are receiving huge shipments from the southern states. That means you can expect to find lots of cashmere Ralph Lauren sweaters and Chanel odds and ends. (Not bags.)

    One department store exec said, “We will have TONS of merch all over the store…Maybe not tomorrow morning, but after the snow.” You know what that means…

    Prada’s Game Change

    In past seasons, Prada reduced merchandise to as much as 70% off. This year, the sale story is much different. Prada didn’t allow any presales and the discount was just 30% off. Usually, the markdown starts at 40%.

    We stopped by the boutique to take a quick survey of the sale situation. We were surprised to find that the discount had not budged and the inventory to be quite small. How can this be? No sale and no selection!

    According to Reuters News, wealthy shoppers have recovered from the recession more quickly than middle and lower income consumers, and are on a wild shopping spree. In December, sales at Saks rose 11.8%. In addition, Nordstrom and Neiman Marcus Group reported strong gains.

    Luxury companies, like LVMH Moet Hennessey Louis Vuitton SA, Burberry Group Plc and Hermes International SCA are expected to see a 9% increase in revenue this year, according to estimates compiled by Bloomberg. This comes on the heels of last year’s 60% increase in the Bloomberg European Fashion Index, which includes LVMH, Richemont and Hermes.

    These financials may be the reason why we didn’t get to enjoy a great Prada sample sale or exciting markdowns this year. But it doesn’t mean that luxury will never see discounts again. Prada might have changed the game a bit this year but that just means that we need to be resourceful. Just remember, all sectors are cyclical. This year luxury is on top, next year… who knows.

    Mikimoto Sample Sale

    The ultra lux Mikimoto sample sale is here again. In past seasons, we found most jewelry was reduced up to 70% off retail prices.

    Shoppers can expect to find prices ranging from $120 for smaller items to about $4000 for a large pearl ring. Attendees reported lines during the initial hours of the sale and complained about overcrowding. The most satisfied customers said they went to the sale at about 1pm and received platinum service.

    The Mikimoto sale is accompanied by a laundry list of rules. Please be careful to read them all thoroughly. Hours, location and rules are below.

    Mikimoto Sample Sale
    Thursday, January 20 from 12pm to7pm
    Friday, January 21 from 10am to 7
    Saturday, January 22 from 10am to 5pm
    Sunday, January 23 from 10am to 3pm

    680 Fifth Avenue, 4th floor (53rd & 54th Street)
    Info line: 212-457-4500

  • We accept credit cards only – no cash or checks please.
  • Final sale. no returns or exchanges
  • No holds.
  • No gift boxes or wrapping available. no shipping
  • Admittance will be determined by capacity. there may be a wait.
  • All coats and large bags must be checked.
  • Score an iPad and Rare LV iPad Case Now

    Everyone knows the most essential part of looking great is finding the right accessories. These days, accessories aren’t only limited to shoes and bags but also the right electronics.

    Could you imagine sitting in an airport and passing the time with a Motorola Razr phone? What you really need is an iPad and the impossible to find Louis Vitton iPad case. The only thing is that unlike Louboutin and Manolo there are no sample sales or markdowns at Apple stores.

    We suggest you check out ScoreLuxe.com if you really want to score great items, including the iPad and Vuitton case, for a great price. ScoreLuxe.com is an innovative auction site, which allows shoppers to purchase bids and score their dream splurge for fractions of their retail price. We are talking about $500 Chanel gift cards for 24-cents and black platform Louboutins for under $5.

    You never have to worry about bidding for items on ScoreLuxe.com because they are purchased directly from the retailer, are guaranteed authentic, brand new and are ready to ship. Bids are just 99-cents each and think about how much fun you will have bragging to your friends about your amazing scores.

    Right now a brand new 64MG iPad with WiFi+3G is up for auction along with the impossible to get Louis Vuitton iPad case. Talk about traveling in style. With these accessories you might even get away with wearing sweats and sneakers to the airport. Well, maybe not.


    Sponsored Post

    Century 21 Clearance Sale Bombs

    We recently got an email from Century 21 department stores about their end-of-season markdowns. Usually, this sale is amazing. In past seasons, we spent some time mining through unorganized racks but coming out with some genuine gems.

    Unfortunately, our most recent shopping trip was not so fruitful. It wasn’t a surprise that the sale department was a disorganized mess but we were surprised with the vast amount of damaged goods. We found it hard to keep track of the numerous torn, stained and ripped clothing. The worst part of the entire trip, was that it was hard to locate our favorite brands.

    Just before we became disillusioned and left, we happened upon one rack near the cashier. We found a powder pink Pucci coat with jeweled embellishments reduced to $425 from $849. The suggested retail value was over $2500. A Jil Sander capulet jacket is $300 from $599, the suggested retail was $1560. A fully sequined Plain Sud sweater just $80 from $230, the suggested retail price was $625. All the above mentioned pieces are great deals but most of the clothing looked like it had seen better days.

    The most tragic find was a Lanvin jacket, hiver 2009, for $1300. Not exactly cheap but a reasonable deal if the jacket didn’t look like it was caught in one of those fashion wars that are often the subject of Century 21 advertising campaigns. We suggest that Century 21 stop igniting those fashion fights and start spending time respecting the fashion.

    Intermix Extra 50% Off

    On an off day it’s always nice to know you can find a bit of solace on Madison Avenue. This is especially true at the height of sale season. If you are going to hit any store along Madison, we suggest you take a spin through Intermix.

    The discount is currently an additional 50% off the second markdown. We found several Matthew Williamson dresses discounted to $200 from almost $900. A $900 Stella McCartney top is now about $250. A buttery leather jacket is reduced to under $5,000. Before you ask, it’s Balmain and was originally $16,000. As a matter of fact, there are several Balmain pieces on the reduced rack. You can safely assume anything over $1k is Balmain. In addition, there are several nice Zac Pozen dresses and Helmut Lange pieces on the extra markdown rack.

    We suggest bypassing the website, which doesn’t hold a candle to the boutique’s inventory. If all fails, a great cappuccino at Sant Ambroeus is waiting for you just across the street.

    Norma Kamali End Of Season Sale

    It would be hard to beat Norma Kamali’s Black Friday sale or her Christmas markdown but right now there’s a larger assortment of discounted merchandise than ever before. Most items from the fall and winter season are now 50% off or more.

    During a quick tour de Kimali we found a $285 stripped dress reduced to $95, a terry side snap jacket was $198 from $385, a parachute skirt for $500 and tiny short modal skirts for just $45. The most exciting find, however, was a powder pink cloud ball length skirt marked down to $150. After further investigation we found this striking piece is one-of-a-kind and was made specifically for last year’s window display. Does it get any better?

    If you’re not in the area, we suggest browsing online and calling the store. Prices don’t always match up and Kamali’s over-the-phone sales associates are absolutely top notch.

    J. Crew Final Sale

    You would be hard pressed to find a company that has had a larger impact on Madison Avenue than J. Crew. First there was the J. Crew Collection boutique, which opened in Fall 2008. Then CrewCuts opened In August 2009 and shopping for kids’ birthday gifts was forever changed.

    Most recently, J. Crew Bridal and J. Crew Men’s made their debut on the Avenue. If you live in the neighborhood, chances are that you have shopped in one of these four boutiques. And if you visit them frequently enough, you have come to enjoy the deep discounts and outstanding values.

    The J. Crew emporium is currently offering an additional 30% off reduced items. The discount is also available online but prices and product assortments are much better in the boutiques. Our favorite finds are always accessories. A dainty sash, a glittery necklace or a little girl’s headband are an inexpensive way to fight the winter blues.

    One secret we’ve uncovered is that the bulk of Crewcuts clearance items are sent to the Prince Street location. We suggest jumping on the 6 if you’re really interested in diving into tot sale racks. We would love to hear your J. Crew shopping secrets. Please feel free to leave pointers in the comment section below.