Update: forgot to add, size 2 is running thin, but they are restocking, so I'd go now if you have time to dig (or wear size 1,3, or 4), or show up first thing tomorrow morning.
All I can say is, OMG. This sale is all out insanity and awesome bundled into one. There is SO MUCH merchandise for women, a pretty good selection for men, and 2 racks of clothes for children.
What you'll find for women: tanks $18 (although the selection is VERY slim. I didn't even think to head there first, and it was ravaged), t-shirts $20-39, long sleeve t-shirts $25-39, long sleeve tops (a lot of overstock FW) $25-39, sweaters $59-129, those fleece jackets and hoodie pullovers from FW $59-129, lounge pants $49-59, canvas/cotton pants $59, wool wide-leg trousers $59, lounge shorts $59, button down long-sleeve shirts $59, maxi dresses $59+, sweaters $129, long tunics $59-129, overcoats $129+ ... basically, everything in the warehouse.
Although I didn't thoroughly browse the mens section, which was really calm compared to the chaos in womens, the selection looked pretty good, and there were a lot of men in the check-out line, which is a solid testament to the selection.
Original posting here, but it's in Chelsea Market (which is adding an Anthropologie!). Go go go.