Current:Home > StocksBruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90 -CapitalWay
Bruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90
View
Date:2025-04-18 11:23:16
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! (81)
Related
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- The Real Housewives of Miami's Spicy Season 6 Trailer Will Make You Feel the Heat
- Missouri high school teacher put on leave after district officials discover her OnlyFans account
- $1.2 billion Powerball drawing nears after 11 weeks without a winner
- What do we know about the mysterious drones reported flying over New Jersey?
- Inter Miami vs. Chicago Fire FC live updates: Is Lionel Messi playing tonight?
- Giuliani to lose 2nd attorney in Georgia, leaving him without local legal team
- 'Tennessee Three' lawmaker Justin Jones sues state House Speaker over expulsion, vote to silence him
- Don't let hackers fool you with a 'scam
- University of Maryland bus hits light pole, sending 27 to hospitals
Ranking
- Sonya Massey's father decries possible release of former deputy charged with her death
- Saltwater creeping up Mississippi River may contaminate New Orleans' drinking water
- Biden administration waives 26 federal laws to allow border wall construction in South Texas
- 'I am not a zombie': FEMA debunking conspiracy theories after emergency alert test
- South Korean president's party divided over defiant martial law speech
- Shelling in northwestern Syria kills at least 5 civilians, activists and emergency workers say
- NFL Denies They Did Something Bad With Travis Kelce and Taylor Swift
- What to do with 1.1 million bullets seized from Iran? US ships them to Ukraine
Recommendation
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
Man fires blank gunshot, accidentally injures grandson while officiating wedding in Nebraska: Officials
Jersey Shore town sues to overturn toxic waste settlement where childhood cancer cases rose
Brian Austin Green was bedridden for months with stroke-like symptoms: 'I couldn't speak'
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
Mississippi sees spike in child care enrollment after abortion ban and child support policy change
Judge blocks 2 provisions in North Carolina’s new abortion law; 12-week near-ban remains in place
EPA to investigate whether Alabama discriminated against Black residents in infrastructure funding