Price Breaks
Tiger Woods' Crash
Fashion Galore
Holiday Spending
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After Christmas at Barneys, discounts climb to 60 percent off, and deeper discounts of around 75 percent typically occur around New Year’s. In February, Barneys’ famous warehouse sales will be staged in New York and Los Angeles.
Scoop NYC is planning to go on sale Thursday with discounts of 30 to 40 percent. “We’re following the designer break schedule and following the cadence,” said Susan Davidson, president and CEO. “Every vendor has a different date. The majority of designer breaks are this week. Forty percent off is pretty much consistent.”
However, Davidson added, “We don’t think we need to go that deep. Stuff is selling really well.”
Davidson said Alice & Olivia, Rag & Bone, and Scoop private-label fur vests in fox, coyote, and beaver, priced at $850, were top sellers over the Black Friday weekend. Scoop converted one of its stores to a party shop with cocktail dresses, which Davidson said has been successful. “We’re very pleased with the business this past weekend,” she said. “Tom Binns’ high-end jewelry sold very well. We’re very pleased with our November business.”
Diane Levbarg, executive vice president of Missoni USA, said customers visiting Missoni’s Madison Avenue, New York, flagship on Black Friday were looking for opening price points or giveaways. “I had a very bad Black Friday,” she said. The shopper who came out over the weekend, however, seemed to be more familiar with the collection. “I had a very good Saturday, and I’m having a very good Monday,” Levbarg said, sounding relieved. Missoni went on sale last week at 40 percent off.
“I’m on sale based on the schedule of two years ago,” she said. “Last year was the year I had to meet what everybody else was doing. I always went on sale for Thanksgiving weekend.” Missoni has been selling full-priced resort and sale merchandise. “We’re not on sale as early or as deep as we were last year,” Levbarg said. “Now we’re at 40 percent off. Last year, we started at 50 percent off because Saks started at 50 percent off. Also, we have no accessories on sale.”
Giorgio Armani advertised a sale at its stores around the country beginning Thursday; Emporio Armani is on sale at 40 percent off. Gucci’s fall sale began Tuesday.
Sharon Edelson is a senior editor, specialty retail, for WWD. David Moin is a senior retail editor for WWD.
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