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I'll probably be updating this list throughout the weekend as I find more sales.
Ann Taylor:50% off sale items and 40% off select full-priced sweaters and tops
Ann Taylor Loft:30% off all full-priced items (use code PRESIDENT at checkout)
Banana Republic: 25% off sale items (use code BRPRES25 at checkout); also, $30 off ever $100 purchase (use code BRNEW30); Banana Republic cardholders should have gotten a coupon in their email to use in stores.
Bloomindale's: Big Brown Bag Sale; 20%-40% off select items
Express: All items, buy one get one 50% off
Forever 21: President's Day Sale, up to 75% off
Guess: Extra 50% off sale items
J. Crew Factory: 30% off your entire order. I've heard that in factory stores the discount is 50% for new spring styles.
J. Crew: 30% off all sale items.
Lord & Taylor: 20% off your entire purchase (use code PRES at checkout)
Macy's: 15% off your entire purchase using a sales pass found in most papers
Old Navy:15% off your entire purchase, increases to 20% when you spend $100 or more (online only, use code ONSAVEBIG at checkout)
Sephora:The Big Beauty Sale (lots of items on sale); free Bare Escentuals trio with any $25 online purchase.
The Limited:40% off entire purchase (use code SAVE40 at checkout)
Threadless: 20% off hoodies and tees
Victoria's Secret: Free travel trio of bags with $45 purchase
West Elm: Extra 15% off clearance items (use code Pres2012 at checkout)