Daily Archives: December 5, 2008

And while we’re talking price slashing

Anyone else notice the Invitrogen Outlet?

No market for full price, or even 30% off

JP was working on Thanksgiving Day because Mrs. JP had to work (hospitals never close you know). While longing for Mom’s turkey and stuffing and being depressed at the fact that I wasn’t going to get any of it this year, my mind wandered from the grant writing at hand and I decided to see if Black Friday was starting early on the internets. Indeed it was, and the first place I went was doing something I hadn’t seen before.

There I was, at 9AM on Thanksgiving Day on the Saks website, noticing that they are having a fire sale. Before I went crazy with the shopping cart I headed over to Neiman’s, Barney’s and Bergdorf to see if similar sales were afoot. They weren’t, yet. In order to understand this, you have to know how the luxury dept stores normally structure their sales. I will use the classical Neiman’s terminology because it is what I am most familiar with (I am from Dallas after all). First comes “first call”. This is usually a 25-30% discount and it lasts for about a month. Then comes a further reduction, usually down to 50% and this reduction generally has no name, although there are usually some promotions built around it, including a pre-sale for card holders. Then comes the biggy, “last call”. Often times, this begins on Dec 26 (or mid-July for spring-summer collections); however, I can remember the days when Mom used to bring me along for this when it would happen in mid-Jan. Continue reading