Apparently Calvin Klein will be having an 'up to' 75% off sale next weekend, starting Friday at noon. It'll be taking up the Prahran Town Hall for the weekend.
I went today.
Not bad - picked up a new pair of jeans for $69 (SO CHEAP!!!); so I won't feel bad at all if I lose them when I take them overseas next year! The had jeans for $19!!! (they were ugly though)
It was a crazy frenzy ... the queues for changerooms and checkouts were waaay too long and I was surrounded by people with very fake LV bags... most traumatic.
However if you're willing to brave the craziness there are some good bargains to be found.