Current:Home > ScamsBruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90 -Wealth Axis Pro
Bruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90
Indexbit Exchange View
Date:2025-04-11 05:53:08
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! (6478)
Related
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Thanks, Neanderthals: How our ancient relatives could help find new antibiotics
- Olympian Michael Phelps Expecting Baby No. 4 With Wife Nicole
- No candy for you. Some towns ban older kids from trick-or-treating on Halloween
- What do we know about the mysterious drones reported flying over New Jersey?
- Friends' Kathleen Turner Reflects on Onscreen Son Matthew Perry's Good Heart After His Death
- Chrishell Stause’s Feud With Jason Oppenheim’s Ex Marie-Lou Nurk Will Make Your Jaw Drop
- Alice McDermott's 'Absolution' transports her signature characters to Vietnam
- Intellectuals vs. The Internet
- Mass shootings over Halloween weekend leave at least 11 dead across US
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- SoCal's beautiful coast has a hidden secret: The 'barrens' of climate change
- A Japan court says North Korea is responsible for the abuses of people lured there by false promises
- One city’s surprising tactic to reduce gun violence: solving more nonfatal shootings
- Meet first time Grammy nominee Charley Crockett
- SpaceX launch from Cape Canaveral rescheduled for tonight following Sunday scrub
- JAY-Z reflects on career milestones, and shares family stories during Book of HOV exhibit walkthrough
- Newly elected regional lawmaker for a far-right party arrested in Germany
Recommendation
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
She talked about depression at a checkup — and got billed for two visits.
Busted boats, stronger storms: Florida fishers face warming waters
Bryce Harper made a commitment. His 'remarkable' bond with Philadelphia can't be broken.
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Tributes pour in following death of Friends star Matthew Perry: What a loss. The world will miss you.
More than 70 people are missing after the latest deadly boat accident in Nigeria’s north
Fantasy football risers, fallers: Jahan Dotson shows off sleeper potential