It was the best of times, it was the worst of times: It takes a peculiar economic moment to make price-slashing clearance sales a ho-hum event, but that seems to be the moment in which we find ourselves. Still, the announcement of Oak's biannual 40/50/60 sale deserves special mention. The three-week sale starts most merchandise at 40 percent off, some at 50, and less at 60, and with each week that goes by, knocks what's left into the subsequent discount level. (If, that is, the clothes make it a full week—and, as you might expect, most don't.) One caveat: If the goods on offer look familiar, well, they are—we've covered some of them (like the 3.1 Phillip Lim windowpane cardigan, pictured) in the course of our usual fashion rounds this fall. If you've been patiently waiting for the prices to drop, consider your virtue rewarded.
3.1 Phillip Lim hand-knit high-collar sweater, originally $646, now $323, available (at press time) at oaknyc.com