It’s official, retail sales from the holiday season were dismal and retailers are ready to move on to the next season. This weekend is a big transition time for department stores. Shipments of resort and spring merchandise are arriving and it’s always preferable to sell full priced inventory.
Accordingly, there are some major markdown promotions this holiday weekend. Below are the highlights of what’s going on at our local department stores.
|Photo Credit: Sew Sketchy|
Starting Friday, Bergdorf Goodman will be offering an addition discount of 25% on merchandise that is already discounted up to 75%. Shoes and bags are currently reduced 50% and the extra promotion brings the final markdown to about 65% off. The grand savings on clothing is a whooping 83%. We strongly suggest you do a pass through Bergdorf’s before shopping anywhere else.
On Sunday, Neiman Marcus will begin offering customers an extra 20% off sale merchandise. The discounts on some items already top 70%. Shoes and bags are currently reduced 50% and the extra discount brings the final markdown to about 60% off. The online selection is starting to run low but we are sure that stores in the burbs are still well stocked.
We haven’t given a lot of attention to Saks Fifth Avenue lately. Once the retailer discounts merchandise 60% off or more, returns are not allowed. These no backsies rule makes it very hard to pull the trigger on high-end luxury merchandise. If you’re sure of what you’re buying you can currently save 60% off shoes and handbags and 70% off clothing. The traditional consolidation sale has become inconsistent over the years. We will be sure to keep our eyes open.
Over at Barneys, the additional 20% off promotion just ended. To make matters worse, the discount on shoes is now just 40%, where it was 60% for some time. If you’re at Barneys, hit the clothing racks where the discount is 75% off. We are waiting for the big markdown on outerwear to begin. The discounts on Moncler usually start at 40% off and then quickly dip from there.
As usual, the markdowns at Bloomingdales vary wildly. We’ve seen the discount range from 20% to 75% off. Among the contemporary designers like, Alice & Olivia and Make, the discounts range from 30% to 75%. It’s hard to follow and, frankly, irritating. One tip we can offer is to download the Bloomingdales app, where you can scan ticket barcodes and get the current price. The app really changes the whole shopping experience.