Current:Home > FinanceBruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90 -SecureNest Finance
Bruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90
View
Date:2025-04-13 09:42:41
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! (28324)
Related
- 'Most Whopper
- Horoscopes Today, November 13, 2024
- Get well, Pop. The Spurs are in great hands until your return
- Infowars auction could determine whether Alex Jones is kicked off its platforms
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- California man allegedly shot couple and set their bodies, Teslas on fire in desert
- Vogue Model Dynus Saxon Charged With Murder After Stabbing Attack
- Amazon Black Friday 2024 sales event will start Nov. 21: See some of the deals
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Why Dolly Parton Is a Fan of Taylor Swift and Travis Kelce's Little Love Affair
Ranking
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Prominent conservative lawyer Ted Olson, who argued Bush recount and same-sex marriage cases, dies
- Bill on school bathroom use by transgender students clears Ohio Legislature, heads to governor
- Bill on school bathroom use by transgender students clears Ohio Legislature, heads to governor
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Can't afford a home? Why becoming a landlord might be the best way to 'house hack.'
- Georgia State University is planning a $107M remake of downtown Atlanta
- Amazon Best Books of 2024 revealed: Top 10 span genres but all 'make you feel deeply'
Recommendation
Taylor Swift makes surprise visit to Kansas City children’s hospital
Black and Latino families displaced from Palm Springs neighborhood reach $27M tentative settlement
Caitlin Clark shanks tee shot, nearly hits fans at LPGA's The Annika pro-am
PSA: Coach Outlet Has Stocking Stuffers, Gifts Under $100 & More for the Holidays RN (up to 60% Off)
2025 'Doomsday Clock': This is how close we are to self
Get well, Pop. The Spurs are in great hands until your return
Why Josh O'Connor Calls Sex Scenes Least Sexy Thing After Challengers With Zendaya and Mike Faist
Drone footage captures scope of damage, destruction from deadly Louisville explosion