
In case you needed another excuse to shop online, Saks Fifth Avenue is launching a flash sale site, www.saksfashionfix.com. The inaugural sale starts today at 12 noon ET and will feature apparel by Elizabeth & James. Saks FashionFix offers merchandise from one designer for a limited time up to 70% off to its members (membership is free, you just need to register before you can shop). The green E&J military jacket pictured above, for example, is regularly $395 and you can scoop it up for today on sale for $158. This move on the part of Saks clearly speaks to the continued popularity of flash sale sites - and traditional retailers are scrambling to keep up with the likes of Gilt Groupe, or alluring "clubs" like JewelMint. Do you find these sorts of sales irresistible? A big waste of time? Both?