When news hit that Phi would be closing, many of you wondered if the sportswear label founded by Susan Dell in 2003 would be having a final farewell sale.  A week ago, Phi’s corporate offices weren’t saying whether they would.  Over the weekend, I popped into the label’s SoHo boutique on Greene Street to find that they were indeed hosting a warehouse sale which will go through to Sunday February 7th.

Phi staffers filled the large SoHo space with lots of merchandise – actual samples (size 2 and 4), current and past season items, shoes, boots, handbags and other accessories.  Here’s the price breakdown:  past season garments are going for 90 percent off the retail price.  That means, jackets – including a black cropped leather with zippers is now tagged at $200 (was $2,000).  Cashmere sweaters that were $795 is now $80.  And bottoms including a wool mini skirt with zippers is on sale for $70 (was $695). Current fall merchandise is 70 percent off.  If you happen to be a sample size, you’ll find some great deals here.  There was an abundance of samples hanging on racks.  Sample prices include:  basic dresses and blazers for $150, sweaters and blouses for $50, tees and tanks at $25, shoes are $50, boots $100, handbags at $150.

Where/When:  Phi boutique, 71 Greene St. (b/w Spring and Broome) 212-966-0076.  Thru February 7th.  Call for store hours.