Current:Home > StocksBruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90 -InvestTomorrow
Bruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90
View
Date:2025-04-17 04:03:08
Bruce Nordstrom, a retail executive who helped expand his family's Pacific Northwest department store chain into an upscale national brand, has died.
Seattle-based Nordstrom Inc. said its former chairman died at his home on Saturday. He was 90.
"Our dad leaves a powerful legacy as a legendary business leader, a generous community citizen and a loyal friend," said a statement from his sons, Nordstrom CEO Erik Nordstrom and Pete Nordstrom, the company's president.
The chain traces its roots back to a Seattle shoe store opened by Swedish immigrant John Nordstrom and a partner in 1901.
Bruce Nordstrom and other members of the third generation took leadership reins in 1968. They brought the company public in 1971 and expanded its footprint across the U.S. while also launching the lower-priced Nordstrom Rack stores.
Bruce Nordstrom retired from his executive role in 1995 as the third generation handed over leadership to the fourth. He retired as chairman of Nordstrom's board of directors in 2006.
He was one of several Nordstrom family members who in 2017 made a push to take the company private, proposing to buy out the 70% of the department store's stock they didn't already own. Those talks failed in 2018 but earlier this year, his sons started another series of buyout negotiations.
In addition to two sons, Nordstrom's survivors include his wife, Jeannie, his sister and fellow philanthropist Anne Gittinger, and seven grandchildren.
- In:
- Obituary
veryGood! (3696)
Related
- Michigan lawmaker who was arrested in June loses reelection bid in Republican primary
- Mike Breen: ESPN laying off co-commentators Jeff Van Gundy, Mark Jackson 'was a surprise'
- Kentucky governor says backlash against departing education chief makes it harder to find successor
- Morocco makes more World Cup history by reaching knockout round with win against Colombia
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- 83 attendees at the World Scout Jamboree treated for heat-related illnesses in South Korea
- American fugitive who faked his death can be extradited to face rape charges, judge rules
- Paul Reubens' 'Pee-wee is going to live on': Cabazon Dinosaurs paints tribute to late actor
- Sonya Massey's father decries possible release of former deputy charged with her death
- Transgender former student sues school after being asked to use boys' bathrooms despite alleged rape threats
Ranking
- Travis Hunter, the 2
- Maine lighthouse featured in 'Forrest Gump' struck by lightning; light damaged
- Two lots of Tydemy birth control pills are under recall. The FDA warns of ‘reduced effectiveness’
- Body found in Rio Grand buoy barrier, Mexico says
- NCAA hands former Michigan coach Jim Harbaugh a 4-year show cause order for recruiting violations
- Montrezl Harrell, 76ers big man and former NBA Sixth Man of the Year, has torn ACL
- Hurry, the Ulta Sale Ends Tonight: Save Up to 50% On Olaplex, Philosophy, MAC, and More
- How to watch Lollapalooza: Billie Eilish and others to appear on live stream starting Thursday
Recommendation
Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
Kim Cattrall Makes Surprise And Just Like That Appearance Ahead of Season Finale Cameo
Keep quiet, put down the phone: Bad behavior in blockbusters sparks theater-etiquette discussion
Jon Gosselin Goes Public With Girlfriend Stephanie Lebo After 2 Years of Dating
Golf's No. 1 Nelly Korda looking to regain her form – and her spot on the Olympic podium
Otteroo baby neck floats still on sale despite reports of injury and one infant death
Los Angeles officials fear wave of evictions after deadline to pay pandemic back rent passes
Politicians ask Taylor Swift to postpone 6 LA concerts amid strikes: 'Stand with hotel workers'