Check Out Alaska Gov. and hockey mom Sarah Palin, who’s not only John McCain’s vice presidential pick, but a luxury fashion maverick.

The Republican National Committee has spent more than $150,000 since late August to outfit Palin and her family in the fanciest of duds from department stores like Saks and Neiman Marcus, says politico.com.

The financial disclosure records, included under the line item “itemized coordinated expenditures,” show RNC expenditures at Saks Fifth Avenue in St. Louis and New York of $49,425.74 in September. Based on Saks’  September comparable-store sales of $273.2 million,  Palin accounted for .018 percent of sales.

The RNC also spent $75,062.63 during one September trip to Neiman Marcus, says politico.com, which would represent .012 percent of Neiman’s September comparable-store sales of $406 million.

The RNC spent only $789.72 at Neiman-owned Barneys New York but dropped $5,102.71 at Bloomingdale’s, which is operated by Macy’s, said politico.com, a website that tracks political news.

Hefty primping expenditures on the campaign trail are nothing new. U.S. Senator Hillary Rodham Clinton, D-NY, received guff for her expensive custom-made pantsuits, which cost upward of $6,350 each.

The RNC also spent $4,716.49 on Palin’s hair and makeup, and made $295  in purchases at high-end children’s stores Pacifier and Steiniauf & Stroller Inc., according to politico.com.

Tracey Schmitt, a spokeswoman for the McCain-Palin campaign, said there are plans to donate the expensive clothing to charity after the campaign.

“With all of the important issues facing the country right now, it’s remarkable that we’re spending time talking about pantsuits and blouses,” Schmitt said in a statement.

Sales at luxury department stores have suffered in recent weeks as the slowing economy and global financial crisis took a toll on even affluent shoppers, and the strengthening of the dollar deterred foreign tourists who had given high-end stores a boost in previous quarters.

Also in the basket:

McDonald’s profit tops view; shares rise (Reuters)

PepsiAmericas Q3 profit tops Wall Street view (Reuters)

Philip Morris, Reynolds profits beat Wall St view (Reuters)

Layaway plans make a comeback in credit crunch (WSJ)

(Photo/Reuters)

Canadian fashionistas will now be able to order from Saks.com, as the luxury department store bids to snatch part of the estimated US$16 billion Canadian market for online retail goods.

This is the first time orders submitted on Saks.com will be shipped outside the United States, says Saks spokeswoman Julia Bentley.

“Being able to ship internationally has been a top priority for saks.com in 2008,” said Roger Scholl, VP of operations for Saks Direct, in a release.

Canadian online spending for retail goods in 2009 is forecast to grow 21 percent and total $16 billion, according to eMarketer.

U.S. fashion brands are looking outside the country to bolster sales during a challenging retail environment, encouraged by a wave of foreign shoppers that has buoyed profits.

(Photo/Reuters)

The fallout from the turmoil on Wall Street will be felt by retailers who have set up shop on one of Manhattan’s most prestigious avenues - Fifth Avenue.

In the past week, Lehman has failed, Merrill Lynch agreed to be acquired by Bank of America, and the government had to step in to keep giant insurer AIG from failing.

It has created chaos on Wall Street and expectations of thousands of impending job losses. In August alone, New York City’s securities companies axed 10,000 workers.

It is the exact opposite of what retailers needed headed into what is expected to be one of the worst holiday season in years.

In a research note, Goldman Sachs highlights which retailers may fare the worst.

Wall Street’s financial turmoil heading into the holiday season is likely to negatively impact key NY centric retailers with meaningful flagship
presences.

Saks and Tiffany top the list with each of their flagships accounting for 20% and 10% of total sales, respectively. These key stores have been outperforming an already weakened store base as tourism has provided a bright spot. In light of a dampened worldwide wealth effect and strengthening dollar, more modest tourism gains should provide less of an offset to today’s worsening domestic demand.

….Luxury retailers and brands such as Coach, Nordstrom, and Ralph Lauren, are likely to also be pressured this season as waning Wall St bonuses and volatile equity markets erode confidence at the high end. While their NY flagships (Nordstrom is not in NYC) do not carry the same significance as those of Tiffany and Saks, we expect results to be impacted nonetheless

(Photo: Reuters)