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Are we seeing a trend here? According to Fashionista, the Seattle-based Nordstrom is planning to focus on its discount stores in 2014. The plan is to open 27 Nordstrom Rack locations this year, and just three of its regular department stores.
New York City is home to a few of those openings—the Fulton Mall location should open this spring, and Flushing in the fall. And perhaps we could see more in the future, though not likely in 2014. But as it turns out, Nordstrom isn't the only one with grand visions of off-price designer goods stores.
NYC will also see a Neiman Marcus Last Call coming to Downtown Brooklyn, and last we heard from Saks, they're planning to double the number of their Off Fifth stores—so it's only a matter of time until one lands in the five boroughs.
It's clear that these chains, with the backing of their higher-priced main stores, are taking advantage of the closures of Filene's Basement, Daffy's, and Loehmann's both in New York and across the country. After all, the opportunities for middle-class shoppers are shrinking. But whether they'll be successful remains to be seen.
· Nordstrom Is Growing Its Online and Lower-Priced Businesses in 2014 [Fashionista]
· Saks Is Going to Deliberately Make Its Outlet Stores Look Unkempt [Racked NY]
· The Off-Price Neiman Marcus Last Call is Headed to Brooklyn [Racked NY]