Current:Home > MyBruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90 -Financium
Bruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90
View
Date:2025-04-18 00:22:26
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! (3)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- West Virginia appeals court reverses $7M jury award in Ford lawsuit involving woman’s crash death
- Amazon asks federal judge to dismiss the FTC’s antitrust lawsuit against the company
- Russia puts prominent Russian-US journalist Masha Gessen on wanted list for criminal charges
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Amy Robach and T.J. Holmes' Exes Andrew Shue and Marilee Fiebig Spotted Together Amid Budding Romance
- U.S. labor market is still robust with nearly 200,000 jobs created in November
- 'Leave The World Behind' director says Julia Roberts pulled off 'something insane'
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Ryan O’Neal, star of ‘Love Story,’ ‘Paper Moon,’ ‘Peyton Place’ and ‘Barry Lyndon,’ dies at 82
Ranking
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- High-speed rail projects get a $6 billion infusion of federal infrastructure money
- New Deion Sanders documentary series: pins, needles and blunt comments
- Mexico-based startup accused of selling health drink made from endangered fish: Nature's best kept secret
- Intel's stock did something it hasn't done since 2022
- Jon Rahm is a hypocrite and a sellout. But he's getting paid, and that's clearly all he cares about.
- Driver strikes 3 pedestrians at Christmas parade in Bakersfield, California, police say
- AI creates, transforms and destroys... jobs
Recommendation
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Stolen packages could put a chill on the holiday season. Here's how experts say you can thwart porch pirates.
3 fascinating details from ESPN report on Brittney Griner's time in Russian prison
Fatal shooting by police in north Mississippi is under state investigation
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
Celebrities Celebrate the Holidays 2023: Christmas, Hanukkah and More
Texas teen struck, killed by semi after getting off school bus; driver charged with homicide
Russian athletes allowed to compete as neutral athletes at 2024 Paris Olympics