If you are looking for a watch or some nice jewelery, Filenes Basement is the place. They also have great pajamas and lingerie for reduced prices. The thing I found out thats great is the automatic markdowns. If an item has been sitting on the shelf for longer than a certain amount of days, they take off a certain percentage. You have to look at the back of the tag to see the date posted and then look at the sign that tells you how much you can deduct. You can get some great deals this way.