Tough Economy Has Luxury Stores Putting Sale Signs Up - NBC 5 Dallas-Fort Worth

Tough Economy Has Luxury Stores Putting Sale Signs Up

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    Tough Economy Has Luxury Stores Putting Sale Signs Up
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    Several high end-stores, including Neiman Marcus, Nordstrom and Harold's, are running huge sales.

    Signs at Harold's advertising up to 60 percent off caught some shoppers in Southlake by surprise. The company declared bankruptcy last week.

    "I didn't realize they were going under," shopper Arlene Czapla said. "I seen those signs, and I thought, 'My goodness, they're having a good sale for the holiday.'"

    With Harold's headed for bankruptcy, some bargain hunters stopped by to look for deals.

    Tough Economy Has Luxury Stores Putting Sale Signs Up

    [DFW] Tough Economy Has Luxury Stores Putting Sale Signs Up
    Several high end-stores, including Neiman Marcus, Nordstrom and Harold's, are running huge sales.
    (Published Wednesday, Nov. 12, 2008)

    "It's a good time of year for it and (to) take advantage of the sale -- that's what everybody will do," shopper Karen Flexer said.

    The sales even extend to some of the biggest names in luxury retail.

    Dallas-based Neiman Marcus saw sales plunge last month. The company is offering discounts of up to 40 percent, even on new items that typically don't go on sale.

    Nordstrom is matching many of those prices and offering extra reward points in hopes shoppers will hit the sales and then return for more.

    "It's kind of good in a way, but you also have to have the money to buy," Czapla said.

    The sale at Harold's the sale started Saturday and will continue until everything in the store is sold.

    The company plans to close at least 11 of its stores in Texas and two outlet stores.