Saks Discounts Spring Clothes, Will Anyone Care?
The obvious answer is sales and as Fashion Week Daily reports Saks Fifth Avenue is already selling Spring 2009 merchandise at 40 percent off and Barneys is set to follow suit next week. The depth of the discount is no surprise. Since the screech-to-a-stop holiday season last year department stores have been sawing away at prices to keep people shopping. In fact, at this point one has to wonder if 40 percent is even enough to get people excited. NY Mag's The Cut said, "call us when they hit 75 percent." The bright spot for stores is that they were better prepared for Spring 09 than they were for Fall/Winter 08 so there is less inventory to get rid of which does mean the discounts probably won't run as deep.