There's no doubt that both HBC and Nordstrom miscalculated the placement of their high-end full line stores. Saks most definitely should have been located at Yonge @ Bloor, and they continue to find that out the hard way to this day. Nordstrom is still fledgling at the Eaton Centre since they miscalculated the market around the area, and there's no doubt it would've been more successful at this location.Putting aside 'usability' by area residents, I do think Nordstrom executed wrongly here, I think 'Rack' should have gone in at TEC and Sak's and Nordstrom should have anchored Yorkville, along Bloor, with one (likely Sak's) going into a gutted version of 'The Bay' over at HBC, and the other being in an appropriate new build.
The Rack location here will probably do pretty well just due to the sheer volume of people who pass by the area on a daily basis, and the fact that it is a lot more accessible to the public compared to say the Marshalls at Aura. As for the interior of the Rack store here, it leaves alot to be desired and the Marshall's and Winners around College are both head over heels more visually appealing.