The fragrances (well, in most forms, anyway) actually still do carry a sort of expiration date on them; it's just "in code" so it's not obvious that that's what it is. If you look on the bottom of, say, a lotion, you'll see that bottle's "born on" date, looking something like this: 6311G1B1. The 6 refers to 2006, and the 311 means that it was produced on the 311th day of that year. Not sure what the G1B1 means, but I believe it refers to the location of the plant or whatever where the product was made. Occasionally, they'll flip-flop the elements of the code so that the day of the year is listed first, but that's fairly rare and pretty easy to spot (like if you grab something off of the shelf in the store today and the number begins with a 2, it's all but a certainty that it was NOT made in 2002!

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As for the Classics, I certainly hope they'll actually have them in store this sale! At the last one (in Dec/Jan), they said that they were doing a trial-run of offering them online only, which almost totally defeats the purpose of the SAS for me, personally. Darn it, if I want to get me some Lemongrass Sage shower gel, I want to get it NOW, not in 3-5 days or whenever!
If any of you all are interested in what'll be coming up during the SAS, you might sign up for their emails. They usually do a pretty good job of posting the upcoming "featured" sales as the SAS moves along (the sales vary week by week throughout the month that the semi-annual sale actually runs). As if it weren't already obvious, I'm kind of a B&BW nerd, so I can post anything interesting i hear of, too.
Oh, and for anybody wanting to extend the life of products, make sure you keep them in a dark, cool place and out of direct sunlight when possible. That's how I store mine and the only product I've ever had to toss because it went bad was a bottle of May Bouquet bubble bath that I received ca. 1997. I tossed it last year.
