We were told by our fashionista at Filene's Basement in Union Square is having a sale on its European Designer Clothes....and that they actually have an awesome selection. Items that were in the low $1,000s are now in the low $100s. Missoni cocktail dresses for just $400? Check. Bluemarie coats for under $100? Check. This is a sale you don't want to miss -

• Filene's Basement Website

"With its wide aisles and neat merchandise shelves, this legendary Boston-based discount department store chain is decidedly more pleasing to the eye than counterparts like Century 21 and Loehmann’s—though diehard bargain-hunters would undoubtedly brave less-well-maintained displays for the thrill of finding serious savings of up to 70% on the current season’s designer threads. The emporium houses a notable collection of American and European brands for men, women, and kids, in addition to accessories and gifts; find enviable deals on name-brand casualwear, as well as lesser-known knock-off labels offering quality basics. Better yet, there are no crazed Prada-hogs here, only civilized seniors and stroller-pushing moms and dads." NY Mag on Filene's Basement Union Square