Current:Home > MarketsBruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90 -DataFinance
Bruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90
View
Date:2025-04-15 00:19:27
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! (75526)
Related
- South Korean president's party divided over defiant martial law speech
- How much of what Lou Holtz said about Ohio State and Ryan Day. is right?
- Powerball jackpot up to $850 million after months without a big winner
- Takeaways from AP report on Maui fire investigation
- Travis Hunter, the 2
- British Museum seeks public help in finding stolen artefacts
- 'Wow, I'm an Olympian': American breakdancing world champ books ticket to Paris Olympics
- 'David's got to have a Goliath': Deion Sanders, Colorado prepare for undefeated USC
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Biden's dog, Commander, bites Secret Service staff again
Ranking
- Travis Hunter, the 2
- Deion Sanders still winning in Black community after first loss at Colorado
- 'We are just ecstatic': Man credits granddaughter for helping him win $2 million from scratch off game
- Christian Thielemann chosen to succeed Daniel Barenboim as music director of Berlin’s Staatsoper
- The Daily Money: Spending more on holiday travel?
- Film academy to replace Hattie McDaniel's historic missing Oscar at Howard University
- High school football coach resigns after team used 'Nazi' play call during game
- Man serving sentence for attacking parents fails to return to halfway house and considered escapee
Recommendation
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
'David's got to have a Goliath': Deion Sanders, Colorado prepare for undefeated USC
Rhode Island community bank to pay $9M to resolve discriminatory lending allegations
Sen. Bob Menendez pleads not guilty to federal charges in bribery case
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Over 50,000 Armenians flee enclave as exodus accelerates
The natural disaster economist
Miranda Lambert and Husband Brendan McLoughlin's Love Story Will Have You Humming a Happy Tune