Saturday, December 13, 2008

luxury cut-backs

You almost expect a Prada-clad shopgirl to announce a blue light special in aisle 8. Except you're at Bergdorf Goodman, and they don't do that there. And yet, over the weekend Madison Avenue Spy reported that Bergdorf would slash prices to 70% off, likely to compete with Saks who'd gone that far the week before.

Those on Barney's email list learned this morning that the store would go to 60% off retail. And we're only a week into December.

According to the NY Times, the recent sales have induced a bit of a frenzy in Manhattan, where lizard-skin handbags are tossed together into bargain-bin like displays a la Wal-Mart...aisle 8.