Current:Home > InvestBruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90 -Wealth Evolution Experts
Bruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90
View
Date:2025-04-14 10:33:50
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! (5)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- How to get a dozen Krispy Kreme doughnuts for 87 cents
- Welfare check reveals forced labor ring at Texas home; 4 people charged
- Beryl live updates: Heat drives Texans to sleep in cars amid outages while the North floods
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- A gunman killed at a Yellowstone dining facility earlier told a woman he planned a mass shooting
- You'll L.O.V.E Ashlee Simpson's Family Vacation Photos With Evan Ross and Their Kids
- What Gypsy Rose Blanchard Said About Motherhood Months Before Pregnancy Reveal
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Mega Millions winning numbers for July 9 drawing: Jackpot climbs to $181 million
Ranking
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Biden slams Russia's brutality in Ukraine as videos appear to show missile strike on Kyiv children's hospital
- Nick Wehry accused of cheating in Nathan's Hot Dog Eating Contest, per report
- Nikki Haley releases delegates to Trump ahead of Republican National Convention
- DoorDash steps up driver ID checks after traffic safety complaints
- Delta partners with startup Riyadh Air as it plans to offer flights to Saudi Arabia
- Mummified body of missing American climber found 22 years after he vanished in Peru
- Giants on 'Hard Knocks': Inside combine interviews, teeing up Saquon Barkley exit
Recommendation
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
Sha’Carri Richardson will be on cover of Vogue: 'I'm better at being myself'
Meghan Trainor Reveals “Knees to Knees” Toilet Set Up in Her and Daryl Sabara’s New House
Florence Pugh falls in love and runs Andrew Garfield over in 'We Live in Time' trailer
Tom Holland's New Venture Revealed
Much at stake for Biden as NATO leaders gather in Washington
A gunman killed at a Yellowstone dining facility earlier told a woman he planned a mass shooting
Election officials push back against draft federal rule for reporting potential cyberattacks