
The New York department stores seem to be taking a page from stockbrokers—the page marked “frenzied panic.”
It was only a few weeks ago that Barneys and Bloomingdale’s announced a simultaneous across the board 40% markdown, but it looks there’s no bottom. Barneys has since raised the number to 60%, with Bergdorf and Saks offering up to 70%. It’s a feeding frenzy, and it has very little to do with Christmas.








