Saks won't be offering sales this season. Photo: Brian Ach, Getty Images for IMG
During a time when other luxury retailers are offering ridiculous discounts and major shopping incentives, Saks CEO Steve Sadove is trying to talk designers into a full-price state of mind, reports the paper.
After last year's dismal holiday season, where prices were slashed up to 80 percent, Saks is now hoping its customers will start to seek them out for quality over quantity.
In an effort to spread their anti-sale gospel, the top execs at Saks are putting pressure on designers to reconsider discounting their merchandise. Some brands are already beginning an exodus from Bloomingdale's because of disputes over clearance events, according to the source.
As reported by the NY Post, Sadove told analysts this month: "If you want to get it in your size, you're going to have to buy it."
Bummer for those of us who are used to buying it -- just not at full price! Looks like we'll have to head to Bloomingdale's or Neiman Marcus, where the markdown madness continues.
For another great source for discounted designer duds, click here.