We’ve discussed the recessionista trend a few times now on the blog, and it seems like this kind of consumerism is going to stick around for a while.

The Wall Street Journal has an article today about the trickle-down effect the economy is having on luxury fashion, to the point that discount retailers like TJ Maxx, Loehmann’s, and Filene’s Basement are regularly getting shipments of unsold designer merchandise from manufacturers who have watched demand dry up.

Outlets like Nordstrom Rack, Saks’s Off Fifth, and Neiman Marcus’s Last Call are also getting premium items that didn’t move off the shelves at their department store counterparts.

If you have the cash to spare, this is a great time to find amazing deals on items that will last you forever. The article’s author mentions finding a Balenciaga wool overcoat for 45 percent off at Neiman Marcus, and Cartier and Tag Heuer watches at a Filene’s Basement near the financial district in Manhattan. Stores in tony neighborhoods are likely to receive the best stuff, so it’s advisable to concentrate your bargain hunting in wealthy areas.