Current:Home > FinanceBruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90 -OceanicInvest
Bruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90
View
Date:2025-04-14 21:51:28
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! (8539)
Related
- Bodycam footage shows high
- Reduce, reuse, redirect outrage: How plastic makers used recycling as a fig leaf
- Georgia Senate passes plan meant to slow increases in property tax bills
- Jury convicts Iowa police chief of lying to feds to acquire machine guns
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- New Hampshire Senate rejects enshrining abortion rights in the state constitution
- Driver who injured 9 in a California sidewalk crash guilty of hit-and-run but not DUI
- Tiger Woods hits a shank in his return to golf and opens with 72 at Riviera
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Biden is going to the site of last year’s train derailment in Ohio. Republicans say he took too long
Ranking
- Trump invites nearly all federal workers to quit now, get paid through September
- A Florida man was imprisoned 37 years for a murder he didn’t commit. He’s now expected to get $14M
- Matthew Morrison Reveals He Was Quitting Glee Before Cory Monteith's Death
- USA TODAY's Restaurants of the Year for 2024: How the list of best restaurants was decided
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Before Russia’s satellite threat, there were Starfish Prime, nesting dolls and robotic arms
- Kansas City mom and prominent Hispanic DJ dies in a mass shooting after Chiefs’ victory parade
- 16-year-old boy arrested in NYC subway shooting that killed 1 and wounded 5
Recommendation
Meta donates $1 million to Trump’s inauguration fund
Ohio woman who disappeared with 5-year-old foster son she may have harmed now faces charges
Angela Chao, shipping business CEO and Mitch McConnell’s sister-in-law, dies in Texas
Biden administration looks to expand student loan forgiveness to those facing ‘hardship’
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
Jennifer Lopez will go on tour for the first time in five years: How to get tickets
Wayfair’s Presidents' Day Sale Has Black Friday Prices- $1.50 Flatware, $12 Pillows & 69% off Mattresses
Ohio woman who disappeared with 5-year-old foster son she may have harmed now faces charges