Here at the Prepatorium we realize almost everyone is interested in Black Friday, or perhaps Cyber Monday. In a word: savings. Everyone is seeking sales. Discounts. Markdowns. Tips on ‘fiscally friendly’ shopping, we know that.
But first, a quick recap on the latest news from J. Crew, all of it impacting how you spend your trust fund when shopping at the specialty retailer. Speaking with analysts yesterday about the company’s performance, J. Crew CEO Mickey Drexler was unequivocal in his opinion that the economic crisis has permanently changed how customers perceive and purchase at retail outlets:
“…we recognize that a sea-change has occurred with the consumer….”
Mr. Drexler believes consumers are demanding higher quality at reasonable prices, two attributes he says J. Crew merchandise has. Surprisingly, he mentioned price points on some specific items, unusual in light of the competitive environment:
“… 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.”
When asked about what items customers are willing to pay full price for, Tracy Gardner, J. Crew’s President, mentioned several items:
- “…there’s a beautiful ruffly blouse….”
- “… the T shirts that have all the fabulous embellishment, embroidery are blowing out.”
- “Our match stick cords continue to be phenomenal; our match stick denims… “
- “They still love our cashmere cardigans.”
Today’s story about J. Crew’s awful performance in WWD (Women’s Wear Daily, subscription required) also quoted Mr. Drexler:
“We don’t want to be the cheapest player. We want to be the longest-lasting high integrity quality player…. “
So what is J. Crew doing for you come Friday? They are opening at 6 a.m. and all sweaters are 20% off, with Clearance items also an additional 20% off. Things are already heavily discounted online, like the Girls Riley Critter Cord in bright pink, available in all sizes as of this writing. The Crewcut Kids slacks were originally $54, now $19.99 and $30 with the price determined by the color you select.
The company is also doing their Holiday Cheer promotion through midnight Saturday night, with a 20% – 30% discount dependent upon how much you spend. (Click the graphic to go to the Crew site and see the specifics.)
J. Crew Factory Outlet stores are doing a significant promotion of their own starting Friday, most opening at midnight.
If it is difficult to read the small print up above, early risers who shop before 10am can take an additional 50% off clearance styles, nothing to sneeze at. Here is a list of all Factory Stores so you can check the hours.
Another preppy retailer (perhaps the original), Lacoste, is offering 25% off all merchandise; this includes items already on sale. The discount is good through Monday, December 1 and free standard shipping on all orders is also included through Monday. Use promo code HOLIDAY1 to receive the benefit of these offers.
Brooks Brothers is offering 15% off all merchandise online and in their stores. (See below for Factory Outlet store offers.) This promotion even applies to the Black Fleece merchandise from designer Thom Browne.
However, from today’s WWD story on retail promotions for the holiday weekend:
“Traditionally, the retailer has held tight on promotions until after Christmas.”
“… it’s not a fire sale,” said Lou Amendola, chief merchandising officer. The company is “very selectively” discounting much of the women’s apparel, which is seasonal, along with some men’s wear. Outerwear is 25 percent off. ‘We won’t promote blue or white dress shirts, for example. We have no reason to liquidate basics.’”
Additionally Brooks is offering free shipping on all orders totaling more than $200.
If shopping online at Talbots now, or in stores starting Friday, everything is 30% off and there is free standard shipping on every order. Stores open at 8am Friday and both promotions run through December 1st.
TP was in a Talbots on Monday and all Clearance merchandise was an additional 40% off; we can’t imagine this not being the case over the weekend. (As always, check with your local store – do not take our word as the ultimate answer.)
For the Polo Ralph Lauren fans in the household, the Friends and Family promotion continues, offering 30% off all merchandise through December 8. The promotion code is HOL2008, and free shipping is included in this offer.
The Polo Ralph Lauren Factory Outlet stores open at midnight tomorrow night
Banana Republic continues their “Dressed in Holiday Style” sale online and in stores. The sale runs through Monday, December 1st.
At Banana Republic Factory Stores starting at midnight the discount is 40% off everything in the store.
Tommy Hilfiger is offering substantial savings for Black Friday, and according to their news release, the discount is 50% off merchandise as opposed to the 40% shown in our graphic.
There are also a number of coupons for specific savings at the Factory Outlet stores, such as “Save an Additional 25% on any $200 Purchase,” but we have no idea if one must have an “official coupon,” or if it could be printed off any site.
Ann Taylor is promoting 30% off your entire purchase plus free shipping only through midnight Thursday. The promotion code for checkout is TURKEY.
At Ann Taylor Loft stores, there are multiple promotions underway, including a $25 gift card for every $50 you spend starting online Thursday and in stores Friday.