We are now only five days away from Christmas and procrastinators can rejoice in prime markdown season. Many boutiques are just starting to take their second markdowns. As a rule of thumb, right now, a good deal is 60% or more off of clothing and at least 30% off of shoes, handbags and accessories. For the remainder of the season we will be working our way through popular shopping areas and bringing you news of the steepest discounts. Our first stop was Soho and yesterday we focused on Madison Avenue. Today we bring you… Madison Avenue part deux.
The current markdown is 40% on clothing and some shoes. No bags have been discounted, unfortunately. We expect there will be another markdown some time after Christmas but we wouldn’t bet on the sale extending past 60%.
The luxury boutique just started a “private holiday sale” where most of the collection is 40% off. The sale “opens” to the public on Friday. If you’re not in a shopping rush we recommend holding out for the store’s final markdown, which goes to 70% off.
The uptown chic, Fivestory is hosting a sale where clothing, shoes and bags are discounted 40%. There will likely be another markdown after Christmas. We hope that the store hosts a final blowout sale at the end of the season, like they did this past summer.
The French jewelry company, Mauboussin is offering a 20% off discount promotion. The only exclusions are accessories, fragrance, Amour je T’Aime, and Tu es le Sel, which are both collections of engagement rings. Don’t be too intimidated by the fancy storefront. There is a large selection of jewelry that can work with an assortment of budgets, like the Petite Rose d’Amour ring that’s 18k gold with a huge rose quarts that’s $1500 from $1880.
Oscar de la Renta
Shoppers can currently enjoy 40% off fall and pre-fall merchandise. These past collections were praised for unearthing a younger youthful feeling. You don’t want to miss the short, full-skirted silhouettes. Another markdown should come soon but we don’t expect the discount to go to 70% as it has in some years past.
Clothing and shoes are discounted 40% at Reed Krakoff. Handbags are 30%. After Christmas the discount will go to 60% on clothing and 50% on bags. If you’re in the market for a RK bag, we suggest contacting the store now and have a sales person keep an eye on your prospective purchase. There is still a large selection of bags from the fall and winter collections but once the price goes down we expect that they inventory will quickly decline.
Madison Avenue newcomer, Yigal Azrouel started their second markdown today. The discount is now 60% and there is still a great selection from which to choose. All sales are final but we don’t know anyone who would want to return a Yigal leather skirt.