Current:Home > FinanceBruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90 -GrowthSphere Strategies
Bruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90
View
Date:2025-04-13 08:36:46
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! (6)
Related
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- US applications for jobless benefits rise, but layoffs remain at historically low levels
- Seattle will pay $10 million to protesters who said police used excessive force during 2020 protests
- Alaska charter company pays $900k after guide caused wildfire by not properly extinguishing campfire
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Residents of Alaska’s capital dig out after snowfall for January hits near-record level for the city
- Transgender veterans sue to have gender-affirming surgery covered by Department of Veteran Affairs
- A separatist rebel leader in Ukraine who called Putin cowardly is sentenced to 4 years in prison
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Elle King reschedules show after backlash to 'hammered' Dolly Parton tribute performance
Ranking
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Water service restored to rural Tennessee town a week after winter storm, sub-freezing temperatures
- A child dies after being rescued along with 59 other Syrian migrants from a boat off Cyprus
- Wisconsin Republicans set to pass bill banning abortions after 14 weeks of pregnancy
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- The Olympic Winter Games began a century ago. See photos of the 'revolutionary' 1924 event
- Vermont wants to fix income inequality by raising taxes on the rich
- Harrowing helicopter rescue saves woman trapped for hours atop overturned pickup in swollen creek
Recommendation
Bill Belichick's salary at North Carolina: School releases football coach's contract details
Voters got a call from Joe Biden telling them to skip the New Hampshire primary. It was fake.
Patrick Mahomes Shares How Travis Kelce Is Handling His Big Reputation Amid Taylor Swift Romance
Evers in State of the State address vows to veto any bill that would limit access to abortions
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
'Still calling them Toro Rosso': F1 team's rebrand to Visa Cash App RB leaves fans longing
Justin Timberlake Releases First Solo Song in 6 Years
Brazil’s former intelligence boss investigated in probe of alleged political spying, official says