Current:Home > MarketsBruce 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:2024-12-23 23:27:16
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! (953)
Related
- Alexandra Daddario shares first postpartum photo of baby: 'Women's bodies are amazing'
- Yellen says the US economic relationship with China must consider human rights and national security
- Experts call Connecticut city’s ‘mishandled ballots’ a local and limited case, but skeptics disagree
- 'Priscilla' cast Cailee Spaeny, Jacob Elordi on why they avoided Austin Butler's 'Elvis'
- Jennifer Garner and Boyfriend John Miller Are All Smiles In Rare Public Outing
- US announces $440 million to install solar panels on low-income homes in Puerto Rico
- Minnesota appeals court protects felon voting rights after finding a pro-Trump judge overstepped
- Seattle-area police searching for teen accused of randomly killing a stranger resting on a bus
- Suspect arrested after deadly Tuskegee University homecoming shooting
- Biden will host Americas summit that focuses on supply chains, migration and new investment
Ranking
- NBA today: Injuries pile up, Mavericks are on a skid, Nuggets return to form
- Sam Bankman-Fried is found guilty of all charges and could face decades in prison
- Go Inside Kylie Jenner and Timothée Chalamet’s Star-Studded Date Night in NYC
- Authorities investigate a house fire that killed three family members in northern Maine
- Cowboys owner Jerry Jones responds to CeeDee Lamb's excuse about curtains at AT&T Stadium
- Uber, Lyft agree to $328 million settlement over New York wage theft claims
- Cattle grazing is ruining the habitat of 2 endangered bird species along Arizona river, lawsuit says
- Emma Hernan and Bre Tiesi Confront Nicole Young Over Bullying Accusations in Selling Sunset Clip
Recommendation
-
10 Trendy Bags To Bring to All of Your Holiday Plans
-
Colombia will try to control invasive hippo population through sterilization, transfer, euthanasia
-
Texas Rangers win first World Series title, coming alive late to finish off Diamondbacks
-
Migrants in cities across the US may need medical care. It’s not that easy to find
-
Judith Jamison, acclaimed Alvin Ailey American dancer and director, dead at 81
-
'All the Light We Cannot See' is heartening and hopeful wartime tale
-
Biden’s handling of the Israel-Hamas war is a political test in South Florida’s Jewish community
-
Federal agents search home of fundraiser for New York City Mayor Eric Adams