If you love a good bargain at Nordstrom Rack, the next few months could be a windfall. The off-price retailer is clearing out tons of non-designer inventory to make room for a lot more high-end merchandise. “Premium brands are a differentiator for the Rack, and we are focused on having the best brands at the best prices,” CEO Erik Nordstrom says. In recent years, Nordstrom Rack had been competing with the likes of Marshall’s and T.J. Maxx. But the retailer is now returning its attention to the luxury market, looking to lure back affluent customers who can afford to pay full price — but sometimes prefer not to.
