Slashed Prices, Stores are Desperate For Your Money

Ok, I guess that’s a bit harsh to say that there are upcoming sales on the calendar, but as you can imagine, I have no doubt that retailers will want to make up for their sinking profits this year.

Au Coeur De La Mode Nov 16th, 2008

This fashion charity event will hold its bi-annual sale at Palais Des Congres, where the $5 entrance fee will be donated to the AIDS Foundation. Once again local brands will hoist up theirs goods with prices slashed above 50% off. You’ll find a good mix of local and popular European brands like Miss Sixty and Horst. It’s a huge sales floor, so you can be there for hours.

Ogilvy en rose Nov 19th, 2008

This yearly charity fashion event will be hosted at Ogilvy on Ste-Catherine promising schmoozing and entertainment, as well as a 15% discount (in essence, sans taxes) on items sold on the floor. There will be of course a fashion show, some local celebrities, and a contest to win some prizes. Tickets are steep, $100 each. Funds raised will go to the Quebec Breast Cancer Foundation.

Winners all year round

What can I say, this place is always on sale.

It’s no doubt that if the shrinking confidence consumers continue on, there are strong chances stores may close all together. Following lay offs in all corners of the market, one has to wonder who will be hit next. Even NRDC, owner of the recently acquired The Hudson Bay Company, will have to face some serious challenges in this dreary economic climate. On CNNMoney.com, Lord & Taylor recently replaced their CEO with a Neiman Marcus executive as they all brace for one of the worst holiday seasons in recent years. Bad economies could put the Hudson Bay Co. at risk of suffering more loses and reputation despite of their recent buyout.

Timing is of essence in business, and there are no worse timings than J. Crew’s recent store opening of their brand new high end store. Ouch. Let’s just hope Millard Drexler, responsible for launching The Gap into stardom in the 90s, knows how to weather this nasty financial storm.