With the morning rain falling on and off, I headed over to Saks Fifth Avenue. If you aren't familiar with the Saks Consolidation Sale, it's simply a blowout on premier designer labels' past seasons' wears. You'll find everything from evening gowns to coats at discounts of up to 75% off. The only exemption is that shoes are not included in this Consolidation Sale. I suggest taking the express elevator which will shuttle you up to the 9th floor where the sale is situated. Once there, you'll find designer labels such as Jason Wu, Dolce & Gabbana, Tse, Proenza Schouler, Ralph Lauren, Burberry, Stella McCartney, Giorgio Armani, Valentino, Oscar de la Renta, and Max Mara (whew!) organized by size. As mentioned, today was for pre-sales which means you can make purchases but you'll only be permitted to pick up or have Saks deliver your purchases to you tomorrow.
Let's get down to prices. Every item located on the 9th floor sale section had an initial markdown of 60%. From there, Saks takes off an additional 25%. If you see a price tag that doesn't have an initial markdown, it should be 60% off the original price, then, take an additional 25%. Or better yet, leave the mental calculations in the hands of the very friendly sale associates. So, here are a few prices I found. A camel pencil skirt from Akris was $148.50, a military-inspired coat from Stella McCartney was $433.50, a sleeveless lace dress from Philosophy was $327, a blanket stripe dress from Proenza Schouler was $547.50 (photo above), a draped-front blazer from Marni was $742.50 (3rd photo below), a wool/cashmere blend blazer from Ralph Lauren was around $600 (last photo below), and a houndstooth spaghetti strap dress from Valentino was $630 (6th photo below).
Although discounts were amazing, I must say the amount of merchandise available was noticeably scarce compared to last summer. In addition, there was less diversity in the designer labels. Nonetheless, almost all items were heavily marked down so if you have a chance to stop by, I suggest going today rather than tomorrow. This sale is also available online starting tomorrow. FYI, Barneys has also started their "up to 75% off final markdown".