As I predicted, markdowns have been taken on the
still quite massive inventory of the Neiman Marcus / Target / CFDA #Holiday24 collection. What I wasn't expecting was this much of a discount this early.
Yes. You read that correctly. 50% off everything. I expected 30% off of select items after Christmas. Not 50% off before Christmas. The buyers at Target and Neiman Marcus are not happy. A 50% markdown after only two and a half weeks is very drastic. It might work to clear the merchandise however. As mentioned in my previous blog, at full price, these items were more appropriate for the Neiman clientele. At 50% off, right before Christmas, the markdown prices are very attractive to Target shoppers. A $30 Marchesa dress for a young girl and a $25 Derek Lam slippers are more reasonable. Since the markdown, the Judith Leiber Mirror and said Marchesa dress have sold out online. I'll be buying the Tracy Reese shirt and plates. Possibly the Marc Jacobs pouch or DVF yoga mat (simply because I'm a label junkie.)