Current:Home > InvestBruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90 -Triumph Financial Guides
Bruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90
View
Date:2025-04-23 07:48:07
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! (76)
Related
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- California woman released by captors nearly 8 months after being kidnapped in Mexico
- Inside Clean Energy: Illinois Faces (Another) Nuclear Power Standoff
- Rep. Ayanna Pressley on student loans, the Supreme Court and Biden's reelection - The Takeout
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Indigenous Leaders and Human Rights Groups in Brazil Want Bolsonaro Prosecuted for Crimes Against Humanity
- Arby's+? More restaurants try subscription programs to keep eaters coming back
- Arby's+? More restaurants try subscription programs to keep eaters coming back
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Upset Ohio town residents seek answers over train derailment
Ranking
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- What Germany Can Teach the US About Quitting Coal
- Catholic Bishops in the US Largely Ignore the Pope’s Concern About Climate Change, a New Study Finds
- The Voice Announces 2 New Coaches for Season 25 in Surprise Twist
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- In Corpus Christi’s Hillcrest Neighborhood, Black Residents Feel Like They Are Living in a ‘Sacrifice Zone’
- House approves NDAA in near-party-line vote with Republican changes on social issues
- Amazon Shoppers Love This Very Cute & Comfortable Ruffled Top for the Summer
Recommendation
The Best Stocking Stuffers Under $25
Kareem Abdul-Jabbar: There are times when you don't have any choice but to speak the truth
Houston’s Mayor Asks EPA to Probe Contaminants at Rail Site Associated With Nearby Cancer Clusters
Warming Trends: A Delay in Autumn Leaves, More Bad News for Corals and the Vicious Cycle of War and Eco-Destruction
Why members of two of EPA's influential science advisory committees were let go
Warming Trends: The BBC Introduces ‘Life at 50 Degrees,’ Helping African Farmers Resist Drought and Driftwood Provides Clues to Climate’s Past
Are you caught in the millennial vs. boomer housing competition? Tell us about it
An Indigenous Group’s Objection to Geoengineering Spurs a Debate About Social Justice in Climate Science