Current:Home > ScamsBruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90 -InvestTomorrow
Bruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90
View
Date:2025-04-18 15:58:44
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! (175)
Related
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Fantasy football meets Taylor Swift in massive 'Swiftball' competition
- King Charles III diagnosed with cancer following hospitalization for prostate procedure
- Over 100,000 Bissell vacuums recalled over potential fire hazard from a hot battery
- Rylee Arnold Shares a Long
- When does daylight saving time start? What is it? Here's when to 'spring forward' in 2024
- Beyoncé and Jay-Z's Love Is Still on Top During 2024 Grammys Date Night
- Pigeon detained on suspicion of spying released after eight months
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Senators push federal commission to help defend voters from artificial intelligence disinformation
Ranking
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Blue Ivy Steals the Show While Jay-Z Accepts 2024 Grammys Global Impact Award
- Tennessee law denied Allie Phillips an abortion. So she's now running for office
- Ben Affleck Leans Into “Sad Affleck” Memes in Dunkin’s 2024 Grammys Commercial
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Jay-Z Calls Out Grammy Awards for Snubbing Beyoncé
- North Korea fires multiple cruise missiles into the sea, extending recent testing spree
- Blue Ivy Steals the Show While Jay-Z Accepts 2024 Grammys Global Impact Award
Recommendation
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
Pumping Breastmilk at Work? Here are the Must-Have Items That Can Make It a Little Easier
Victoria Monét Wins Best New Artist at 2024 Grammys
BaubleBar Founders (& Best Friends) Amy Jain and Daniella Yacobvsky Share Galentine's Day Gift Ideas
Arkansas State Police probe death of woman found after officer
Texas mother rescues 2 children, dies trying to save 1-year-old from house fire
United Football League reveals 2024 schedule with 10 game regular season slate
Suspect armed with a knife and hammer who wounded 3 in French train station may have mental health issues, police say