I'll tell you what - wandering around this place looking at clothes gave me the feeling that none of this junk was ever sold at Nordstroms. It all looked like rejected lines of clothing. I'm thinking the Rack is to Nordstroms what Old Navy is to the Gap... if I've got that right. I just think it's another branding where they can sell less-attractive or fashionable clothes for seemingly less money.
Although, if I were to get a suit - I'd certainly give this place a go because suits are all the same and they have pretty decent prices on nice suits. Dress shirts as well - which also are all the same as far as I'm concerned. For hipper clothes, I don't think this place has much going for it. They have all the name brands you would expect to find, but the lines they carry aren't hip and recent memory tells me most of that stuff hasn't been hip.
You can certainly find better bargains at thrift stores and second hand shops and the clothes are about as stylish. Also, having been to Off 5th Avenue at Arizona Mills, I can say that that place has a much more contemporary and 'hip' selection of clothes and at a better price I think.
This is just my opinion as a guy - women might have a different experience.