Current:Home > reviewsBruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90 -Edge Finance Strategies
Bruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90
View
Date:2025-04-15 23:52:54
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! (78123)
Related
- Senate begins final push to expand Social Security benefits for millions of people
- Brionna Jones scores season-high 26 points as Sun beats Storm 93-86
- Race for Alaska’s lone US House seat narrows to final candidates
- Horoscopes Today, August 31, 2024
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- John Stamos got kicked out of Scientology for goofing around
- Penn State-West Virginia weather updates: Weather delay called after lightning at season opener
- Johnny Gaudreau's Wife Breaks Silence After NHL Star and Brother Killed in Biking Accident
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- California lawmakers seek more time to consider energy proposals backed by Gov. Gavin Newsom
Ranking
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- The Week 1 feedback on sideline-to-helmet communications: lots of praise, some frustration
- Johnny Gaudreau's Wife Breaks Silence After NHL Star and Brother Killed in Biking Accident
- Using a living trust to pass down an inheritance has a hidden benefit that everyone should know about
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- 7 killed, dozens injured in Mississippi bus crash
- Chocolate’s future could hinge on success of growing cocoa not just in the tropics, but in the lab
- Georgia vs. Clemson highlights: Catch up on all the big moments from the Bulldogs' rout
Recommendation
Could your smelly farts help science?
Small plane carrying at least 2 people crashes into townhomes near Portland, engulfs home in flames
One man dead, others burned after neighborhood campfire explodes
Brionna Jones scores season-high 26 points as Sun beats Storm 93-86
Former Syrian official arrested in California who oversaw prison charged with torture
Strikes start at top hotel chains as housekeepers seek higher wages and daily room cleaning work
Suspect, 15, arrested in shooting near Ohio high school that killed 1 teen, wounded 4
First Labor Day parade: Union Square protest was a 'crossroads' for NYC workers