Current:Home > MarketsBruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90 -Elevate Capital Network
Bruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90
View
Date:2025-04-18 19:38:25
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! (25821)
Related
- Sam Taylor
- 2024 Emmys: You Might Have Missed Selena Gomez and Benny Blanco's Sweet Audience Moment
- 2024 Emmys: Naomi Watts Shares Rare Insight Into Relationship With Husband Billy Crudup
- 2024 Emmys: You Need to Learn Why Jean Smart Doesn't Want You Standing Next to a Blender
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Canelo Alvarez wins unanimous decision in dominating title defense against Edgar Berlanga
- Florida State is paying Memphis $1.3 million for Saturday's loss
- 2024 Emmys: Dan Levy Reveals Eugene Levy Missed Out on This Massive TV Role
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Prince William Sends Prince Harry Rare Message on 40th Birthday Amid Family Rift
Ranking
- Meta donates $1 million to Trump’s inauguration fund
- Taylor Swift Is the Captain of Travis Kelce's Cheer Squad at Chiefs Game
- Hispanic Heritage Month puts diversity and culture at the forefront
- Emmy Moments: Hosts gently mock ‘The Bear,’ while TV villains and ‘Saturday Night Live’ celebrated
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Tech billionaire returns to Earth after first private spacewalk
- How Baby Reindeer's Richard Gadd Became the Star of the 2024 Emmys
- Americans end drought, capture 2024 Solheim Cup for first win in 7 years
Recommendation
Former Syrian official arrested in California who oversaw prison charged with torture
Tropical storm warning is issued for parts of the Carolinas
Emmy Awards 2024: Complete Winners List
Take an Active Interest in These Secrets About American Beauty
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
2024 Emmys Hosts Dan Levy and Eugene Levy Beg You To Say Their Last Name Correctly
Texas on top! Longhorns take over at No. 1 in AP Top 25 for first time in 16 years, jumping Georgia
The Wild True Story of Murderous Drug Lord Griselda Blanco, a.k.a. the Godmother of Cocaine