Current:Home > MyBruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90 -Aspire Money Growth
Bruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90
View
Date:2025-04-17 11:32:36
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! (5147)
Related
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Soldier accused of killing combat medic wife he reported missing in Alaska
- Beyoncé Shows Support for Lizzo Amid Lawsuit Controversy
- Maui resident says we need money in people's hands amid wildfire devastation
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Thinking of consignment selling? Here's how to maximize your time and money.
- A rights group says it can’t get access to detained officials in Niger
- Why Rachel Bilson’s 8-Year-Old Daughter Has Bad Blood After Leaving Taylor Swift Concert Early
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- 13 injured when two airboats crash in central Florida, officials say
Ranking
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- A study of fracking’s links to health issues will be released by Pennsylvania researchers
- Biden says he and first lady will visit Hawaii as soon as we can after devastating wildfires
- Jury awards Texas woman $1.2 billion in revenge porn case
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Florida students and professors say a new law censors academic freedom. They’re suing to stop it
- Halle Berry's Mini Me Daughter Nahla Is All Grown-Up in Rare Barbie-Themed Photos
- Ravens teammates remember Alex Collins after RB's death: 'Tell your people you love them'
Recommendation
Trump invites nearly all federal workers to quit now, get paid through September
Ingrid Ciprian-Matthews named president of CBS News
Two Connecticut deaths linked to bacteria found in raw shellfish
A Wisconsin prison is battling a mice infestation, advocacy group says
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
McCarthy floats stopgap funding to prevent a government shutdown at the end of next month
American industrial icon US Steel is on the verge of being absorbed as industry consolidates further
University presidents elevate free speech under new partnership