Sunday, December 7, 2008

SAKS is probably having liquidity issues.

I talked a little before about my 13.5 hour shopping spree and mentioned some of the deals I saw, but I didn't mention SAKS, which was running a 70% off sale on most designer brands. The thing about them is that this wasn't a "doorbuster" deal. They started that days before black Friday and are continuing it even now. I went to another SAKS yesterday, and sure enough things were still 70% off. SAKS is likely having a little more than the usual high-end retailer trouble. I think they're having liquidity issues. Everything must go.

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