The Marc Jacobs store on Bleecker has shoes at 70% and loads of stocking stuffers (key rings, patent clutches, mirrors, fingerless gloves for under $30). I've heard stores in other cities are doing the sale. I went yesterday and got a couple of things, but didn't have time to try on shoes. There are also t-shirts, boxers, cashmere socks, scarves and hats.
Santa is in the Marc by MJ store and the high-end store has the stocking stuffers and shoes. I don't know what they did with the expensive bags.
When my husband returns from London, we're getting our photos taken with Santa.