Current:Home > StocksBruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90-LoTradeCoin
Bruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90
View Date:2025-01-11 12:20:29
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! (74)
Related
- Cleveland Browns’ Hakeem Adeniji Shares Stillbirth of Baby Boy Days Before Due Date
- Boxer Sherif Lawal Dead at 29 After Collapsing During Debut Fight
- Punxsutawney Phil's twin pups officially given names in Mother's Day ceremony
- Super Bowl champion Chiefs will open regular season at home against Ravens in AFC title game rematch
- Cavaliers' Darius Garland rediscovers joy for basketball under new coach
- My drinking problem taught me a hard truth about my home state
- Trump suggests Chinese migrants are in the US to build an ‘army.’ The migrants tell another story
- King Charles III Shares He’s Lost His Sense of Taste Amid Cancer Treatment
- ‘I got my life back.’ Veterans with PTSD making progress thanks to service dog program
- Violence is traumatizing Haitian kids. Now the country’s breaking a taboo on mental health services
Ranking
- How Jersey Shore's Sammi Sweetheart Giancola's Fiancé Justin May Supports Her on IVF Journey
- Canadian wildfire smoke chokes upper Midwest for second straight year
- German men with the strongest fingers compete in Bavaria’s ‘Fingerhakeln’ wrestling championship
- Wildfire in Canada’s British Columbia forces thousands to evacuate. Winds push smoke into Alberta
- Judge recuses himself in Arizona fake elector case after urging response to attacks on Kamala Harris
- Pioneering Financial Innovation: Wilbur Clark and the Ascendance of the FB Finance Institute
- A rural Ugandan community is a hot spot for sickle cell disease. But one patient gives hope
- Nigeria’s fashion and dancing styles in the spotlight as Harry, Meghan visit its largest city
Recommendation
-
West Virginia governor-elect Morrisey to be sworn in mid-January
-
Who is Zaccharie Risacher? What to know about potential No. 1 pick in 2024 NBA Draft
-
A magnitude 6.4 earthquake wakes people on the Mexico-Guatemala border
-
Solar storm makes northern lights visible to much of US, world during weekend: See photos
-
US Election Darkens the Door of COP29 as It Opens in Azerbaijan
-
North Korean leader Kim Jong Un oversees latest test of new multiple rocket launcher
-
Texas mom's killer is captured after years on the run. Where did he bury her body?
-
Susan Backlinie, who played shark victim Chrissie Watkins in 'Jaws,' dies at 77: Reports