Nordstrom's Anniversary Sale begins Friday, July 20 in stores and online. This is your chance to get Fall merchandise at reduced prices! Prices go back up Monday, August 6.

Meredeth at Noveau Image does a great job of explaining the origins of this renowned shopping event.

Happy shopping!

In August, Marc Jacobs will launch Daisy, a new fragrance for women. Developed by perfumer Alberto Morillas, Daisy will include notes of wild strawberry, violet leaves, red grapefruit, gardenia, violet, jasmine, musk, vanilla and white woods.

We love the novel idea of naming a perfume after a fun, freedom-inspiring flower—the daisy, of course—even though it's not exactly known for having a pleasant scent. The bottle is to die for with whimsical white flowers made of soft plastic adorning the bottle cap.

Anything Marc Jacobs attaches his name to tends to be stellar, so we considered the $55 pricetag to be entirely reasonable. After all, our grandmother's bottle of CHANEL N°5 is, for us, a priceless heirloom. And it still smells as lovely as the day we became its owner.

Then we wondered: Are pricey perfumes worth the cost? Is there a considerable quality difference between the pricier and less expensive brands? How much are you willing to fork over for a precious fragrance?