Alice and Olivia has let loose their newest Fall ‘09 collection for Payless. The shoes created for the line are designed to work in direct correlation to the clothing collection. With uses of buckles, studs, ribbons and more, the two collections work together in a perfect harmony. Throw on these pumps and you won’t regret it!

Today:

Reiss’s summer stock is up 70 percent off. Pants are $50 and up, shirts are $50 to $60, and jackets, coats, and dresses start at $100 and up. 387 W. Broadway, nr. Spring St. (212-925-5707); Mon.–Wed. (11–8), Thurs.–Sat. (10–8), Sun. (11–7).

• Check out Theory, Alice + Olivia, and Helmut Lang samples and slight irregulars marked down this week. Through 8/7. 261 W. 36th St., nr. Seventh Ave., second fl.; Mon. and Wed. (10–6), Tues. and Thurs. (10–7).

Tomorrow:

Ashley and Mary-Kate Olsen’s Elizabeth and James line is up to 75 percent off. The Jane Dress was $375 but is now $175. At the same location, LaROK samples will also be marked down — a miniskirt is $99 (originally $298), or a tunic is $89 (originally $228). Through 8/7. 145 W. 18th St., nr. Sixth Ave. (212-388-0339); Tues. (8–8); Wed. and Thurs. (10–8).