Today we have an abbreviated blog, a Preppy Digest if you will, providing links on stories you may elect to pursue at your leisure. We start with a few more Signs of the Times; this first one you are probably well aware of as it has been widely reported by many of our favorite blogs and the media:
- The Waterford Wedgwood group has filed for bankruptcy protection in Ireland
- After successfully emerging from bankruptcy in October, family-owned department store Goody’s is planning to liquidate. In fact, by the time you read this they may well have auctioned off their inventory.
- Our third SOTT (Sign of the Times) today is word that discounts are being offered to new Grosse Pointe Yacht Club members, according to a story in Sunday’s Detroit Free Press.
Remember this post talking about the price cuts J. Crew planned to introduce with their spring line? Reading an Associated Press story “After sales, will shoppers pay full price again?“ we learned that:
“Already, retailers including Bebe Stores Inc. and J.Crew Group Inc. are cutting prices on selected spring styles to lure sale-savvy shoppers.”
Additionally, writer Anne D’Innocenzio notes:
“But many… predict early discounts on spring goods. The signs are already there. Bebe has cut certain spring sweaters by 25 percent, while J.Crew has marked some spring items anywhere from 25 to 40 percent off, according to Amy Wilcox Noblin, an analyst at PaliCapital Inc.”
Back in a November post we shared comments on pricing from Crew CEO Mickey Drexler:
“… our ballet flat category will start at under $100 for the first time ever…If you look at our January catalog, you’ll see a ballet flat assortment at $98. This year I think they started at $128.”
And to be sure, new shoes have arrived; they are priced at $98, as seen here with the Jane suede ballet flat.
How is your shopping psyche? Forever changed by the deep discounting, or are you still willing to make the purchase at full price? Or is it contingent upon circumstances, cash flow and need?
Speaking of discounts at Crew, the following landed in our email today:
This Final Sale promotion is online only, ends Sunday, and requires promo code FREESHIP09 for the complimentary shipping on purchases more than $100. Be advised we have read in a couple of places that once again the website is not functioning.
A quick mention is needed on Target’s next GO International designer, Tracy Feith, known for his beach and surf looks. Below, Sarah Jessica Parker in one of Mr. Feith’s colorblocked dresses.
The line will hit online and in stores May 17, with prices ranging from $14.99 to $44.99. In this courtesy photo the inspiration board for the line can be seen.
In an interview with WWD (Women’s Wear Daily), we learn Mr. Feith’s color palette for the Collection:
“…shades called lollypop red, Persian turquoise, seafoam green, neon orange and pink, and Saturn lime.”
We like the way that sounds! The group will include one upscale item priced at $139.99, a cropped motorcycle jacket in leather. The good folks at Fashion Week Daily have this photo of Whitney Port in a Tracy Feith during a Clinique promotion they covered back in 2007. (Full story here.)
Grins and giggles until next time!