Some deals only come around once or twice a year, but offer savings that justify the wait. This post is part of our series on such 'don't miss' sales.

Nordstrom has thrived with a two-pronged approach to retail merchandising. Its reputation for customer service sets the standard for the industry. Its 155 stores carry top-quality goods, catering to those interested in fashionable garb and willing to pay a higher price point. Eight billion dollars in annual sales demonstrates the success of its business plan.

Fortunately, for those of us with similar tastes but shallow purses, Nordstrom holds an annual anniversary sale in the last two weeks of July which has grown into an event. Savings up to 40% draw hordes of bargain-loving summer shoppers. The sale also extends to its online catalog, Nordstrom.com.

Even greater deals are available on leftovers at Nordstrom's Rack Stores, where unloved goods go for a song. If you're looking to expand your wardrobe with durable, well-made clothing, you might note the Nordstrom sale on your calendar.