An Incredible Sale at Saks!

[FIHTies]

Originally Posted by KaiserSose

I am so tired. Can barely type this. I just came back from the saks on 5th ave in NYC. I was there for 8 hours. I mainly got a million shirts: 4 Canali's at $56 pre-tax, 1 canali at $36 pretax, 1 zegna at $66 pretax, 3 armani's at $66 pretax, 1 borelli at $60 pretax, 1 gucci at $80 pretax and 1 Paul smith at $60 pretax (all rough estimates). I will be returning some no doubt. I also got a pair of seven jeans for $58 and a diesel shirt for $16. The worst of these shirts would qualify as the nicest in my closet. Pretty good score for a complete noob. Also a good time to open a Saks card.
Hah...thats all Pretax. How much did the tax on all this add up to?

 

[Material Boy]

Originally Posted by FIHTies

Hah...thats all Pretax.

How much did the tax on all this add up to?

A reasonable 4.375%. Much better than 9% in Chicago, 8.5% in SF and 8.25% in LA.

For the longest time, NY city tax was at ~8.3%. They lowered it to be more competitive with NJ? Just a guess.

 

[seok]

Post Christmas has got to be ugly

 

[akaidiot]

You paid tax on those clothes in NYC? Isn't everything under $110 tax free in new york city?

I guess I buy most of my stuff at the sample sales these days, so I could be totally wrong.... but I don't think I am.

 

[FIHTies]

Originally Posted by Material Boy

A reasonable 4.375%. Much better than 9% in Chicago, 8.5% in SF and 8.25% in LA.

For the longest time, NY city tax was at ~8.3%. They lowered it to be more competitive with NJ? Just a guess.

Yeah thats what I thought.

 

[KaiserSose]

To be honest I didn't even check the tax (and don't know off hand what it is because I just moved here). I just posted the numbers I came up with in my head as I was shopping. My mental accounting should be pretty good as I'm an accountant

 

[andyw]

...........got lucky today at the 5th Avenue flagship, picked up a couple RL Blue Label Corneliani suits in the rare 38S at 1/3rd retail. (The post) Christmas (sale) came early this year!

 

[adambparker]

Originally Posted by FIHTies

Hah...thats all Pretax.

How much did the tax on all this add up to?

I hope nothing, since there's no tax on clothing items under $110 in NYC.

 

[southgate house]

I think that Saks may be going out of business. This sale is nuts.

 

[farfisa23]

Anyone been by the store in San Francisco?

 

[brokencycle]

Originally Posted by Material Boy

A reasonable 4.375%. Much better than 9% in Chicago, 8.5% in SF and 8.25% in LA.

For the longest time, NY city tax was at ~8.3%. They lowered it to be more competitive with NJ? Just a guess.

I thought Chicago just moved to like 11.5%

 

[abrocketsfan]

Are online prices as stated, or is there a way to get the additional reductions on top of sale prices online?

Thanks

 

[adambparker]

Originally Posted by brokencycle

I thought Chicago just moved to like 11.5%

Depends on what part of Chicago. There are state, city and county taxes. I think in Cook County outside the city of Chicago it's still 10%.

 

[JR88]

Originally Posted by adambparker

I hope nothing, since there's no tax on clothing items under $110 in NYC.

I think this is per item.

Chicago sales tax is 10.25% so we can pay our millions of city employees.

SKS is trading around $3.65. Market cap around 500M. That's about what Tiger Woods makes in a few years. He should buy Saks and turn all of the stores into huge indoor golf centers. Except the NYC flagship.

 

[JayJay]

Originally Posted by JR88

Chicago sales tax is 10.25% so we can pay our millions of city employees.


For those of us living outside of Illinois, it's an incentive to have merchandise shipped, especially from stores that provide free shipping.