Current:Home > StocksBruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90 -Wealth Legacy Solutions
Bruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90
Johnathan Walker View
Date:2025-03-11 04:08:47
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! (7)
Related
- Meta releases AI model to enhance Metaverse experience
- Bluey is all grown up in 'Surprise' episode on Disney+. Now fans are even more confused.
- 21-year-old 'at-risk' California woman missing after weekend hike; search ongoing
- Family mourns Wisconsin mother of 10 whose body was found in trunk
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- A suburban Seattle police officer faces murder trial in the death of a man outside convenience store
- Why Anne Hathaway Says Kissing Actors in Chemistry Tests Was So Gross
- With graduation near, colleges seek to balance safety and students’ right to protest Gaza war
- Former longtime South Carolina congressman John Spratt dies at 82
- Chinese generosity in lead-up to cleared doping tests reflects its growing influence on WADA
Ranking
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Yikes! Your blood sugar crashed. Here's how to avoid that again.
- Trump trial in hush money case gets underway with opening statements and first witness
- U.S. News & World Report lists its best electric and hybrid vehicles for 2024
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Why Nicola Peltz Beckham Wasn’t at Mother-in-Law Victoria Beckham’s Birthday Party
- US advances review of Nevada lithium mine amid concerns over endangered wildflower
- Jelly Roll was bullied off the internet due to weight, wife Bunnie XO says: 'It hurts him'
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
Sabres hire Lindy Ruff as coach. He guided Buffalo to the playoffs in 2011
Yikes! Your blood sugar crashed. Here's how to avoid that again.
Celebrity designer Nancy Gonzalez sentenced to prison for smuggling handbags made of python skin
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Missouri lawmakers again try to kick Planned Parenthood off Medicaid
An adored ostrich at a Kansas zoo has died after swallowing a staff member’s keys
Biden will send Ukraine air defense weapons, artillery once Senate approves, Zelenskyy says