The Clearance Rack cannot contain itself. All the big kids are having huge New Year’s sales right now, sweeping out their winter merchandise and trying to make up for those slow holiday weeks. Many of the discounts are online only. It’s the perfect time to swoop in and score something amazing.

And let’s just start here. TSI readers know that we love this season’s booties, and we worship Christian Louboutin. Barney’s New York must know this too, because they have his adorable lace-up suede Chaperon booties on the sale page ($399, were $995, right). They’ll go with anything, but look especially cute peeking out from a perfect pair of jeans. We’re nominating Current/Elliot’s 1973 Horseshoe Super Loved blues (above left), because we love their bell-bottomed silhouette and it gives us (OMG!) another chance to dress like Katie Holmes. The jeans are $99, marked down from $282.

One of our favorite trends this fall and winter is layers and folds of fabric that play with a garment’s shape and make it feel luxurious. This Nina Ricci sweater coat at Neiman Marcus is a perfect example; it’s so generously cut that we want to cocoon in it, and it’s so pretty that we want to wear it out ($662, was $1,890, above left). Though if we’re out for the evening, we want it to be in this sweetheart of a Carolina Herrera cocktail dress; the refined steel-gray color belies its shimmery danceability ($1,047, was $2,990, above right).

We know you can get Thakoon at Target now, but you can’t get this cute plaid floral collarless coat, all gentlewomanly with its silk cabbage roses and plaid overlay at Saks ($714, was $1,785, above left). Imagine how cute it would be over this classy, classic Fendi duo of a Merino knit turtleneck sweater ($370, was $925, above right) and bell-shaped Italian wool skirt ($336, was $840, left).

We have been enamored with this little gathered Michael Kors dress ever since we saw it on the runway, and we aren’t exactly sure why. It has something to do with Jackie  O., perhaps, with its magnolia print and pretty proportions. At Nordstrom ($909, was $2,295, below).

We’re carrying a slouchy, hobo-ish bag with this flattering BCBGeneration ruched jersey dress, which takes into account our holiday misdeeds and completes the cover-up with flair ($67, was $98, below left). And if it gets chilly, you’ll see us in a red DKNYC double-breasted coat, adorable with its tulip sleeves and eye-catching peplumish lines ($119, was $199, below right).

Hail a cab to Bloomie’s now, because we know you have too many bags to carry on the street. We just have a couple of things to try on here and we’re done for the day. We are crushing on this Free People hoodie, which has all the attributes of a comfy hoodie with a little more style and a little less bulk ($71, was $118, right).  We are blushing for this flirty pink silk Milly Women dress, just because it looks like a party in itself ($309, was $515, below left). And we’re grabbing this Sutton Studio cashmere robe on our way out the door, simply because it and a glass of white wine would be the most relaxing combo this side of the spa ($230, was $330, below right).