Tuesday, March 27, 2012

NORDSTROM rack Going for Thirds in Georgia

NORDSTROM rack  will soon open their third Atlanta area store on North Point Parkway in Alpharetta.  The store will occupy the former Ben's Furniture space and is scheduled to
open April 19th.  Nordstrom joins the well-leased North Point MarketCenter with such tenants as Target, Marshall's, Regal Cinemas and Dick's Sporting Goods. 

NORDSTROM rack's first Georgia  location opened near the Mall of Georgia about ten years ago and was followed by a second store in 2010 at the Buckhead Loop shopping center.  Both of these stores, unlike the upcoming North Point location, are minutes from full line stores at Mall of Georgia and Phipps Plaza, respectively. 

Last year, Nordstrom revamped their markdown policies and as a result, their recent deals have been nothing special.  In my opinion, better bargains can be found at the likes of Marshall's and T.J. Maxx, but I'm sure the store will do well given the affluent area in which it is opening.

What is your favorite discount retailer? Do you favor chains like T.J. Maxx and Marshalls over outlet stores like NORDSTROM rack and Neiman Marcus Last Call?  Will you be at Nordstrom RACK opening day? Please share your thoughts in the comment section below. 

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6 comments:

Anonymous said...

I haven't been impressed with a Nordstom's Rack yet, so if has some actual great deals, I will like it, since I live out that way.

Anonymous said...

You are right; the deals used to be much better. I did not know they revamped their markdown polcies. Do you know how it has changed?

Atlantan99 said...

Hi Anon RE Markdown policies,

Bascially from what I can tell. In the past items were marked with % off stickers like 35% , 50% etc. ,the longer they sat, the greater the percentage off, up to 75%. Now rather than % off stickers of various colors, they use a standard red sticker that as the item sits, further reduces the price. This seems similar but it also seems to take longer between markdowns. Clearly this was done to prevent fraud amongst consumers, preventing the removal of a % sticker to have it put on another item.

I will say, on rare occasions, I have found items marked "final clearance" that are usually 90% off the original price. I have found such items since the changeover but it is VERY rare and sizes and styles are often bottom of the barrel.

Thanks for reading and thanks for the question, hope this helped.

Anonymous said...

Atlantan99....thanks for your detailed explanation to my question about the markdown policy; yes, it did help. I have also noticed that the selection of accessories and homegoods is not as extensive as it was when the Buford store opened.....just MHO. I can't help but think that the more stores they open, the leaner the selection becomes at other stores. Does that make any sense?

Atlantan99 said...

Good to hear that was of help.

With regards to your Homegoods question, there is no simple answer. For the most part merchandise is distributed to stores based on income of surrounding zipcodes though at times you'll find something out of place like Neiman Marcus level items in a store in Stone Mountain. Some of this is due to returns and exchanges, some is simply the stores testing new merchandise. I think there will always be "stuff" to be sold in stores like Homegoods, just a matter of if it's bought / made for Homegoods or was purchased from another department or specialty store out of season.

I hope this helps.

Anonymous said...

Atlantan99....so sorry...I was actually refering to the availability of home furnishings in the Nordstrom Rack Buford store. They had a decent selection several years ago, but no longer have much to speak of. But thanks for the insight into the actual HomeGoods stores!