Current:Home > ScamsBruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90 -Stellar Wealth Sphere
Bruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90
View
Date:2025-04-12 11:15:46
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! (52286)
Related
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- The grace period for student loan payments is over. Here’s what you need to know
- Sephora Hair Sale: Save Up to 50% on Top Products Like Vegamour Hair Gro Serum & Living Proof Dry Shampoo
- Days after Hurricane Helene, a powerless mess remains in the Southeast
- Senate begins final push to expand Social Security benefits for millions of people
- Virginia school board to pay $575K to a teacher fired for refusing to use trans student’s pronouns
- Georgia National Guard starts recovery efforts in Augusta: Video shows debris clearance
- Lady Gaga Details “Amazing Creative Bond” With Fiancé Michael Polansky
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Officials identify driver who crashed into a Texas pipeline and sparked a 4-day fire
Ranking
- Federal hiring is about to get the Trump treatment
- This year’s MacArthur ‘genius’ fellows include more writers, artists and storytellers
- Adrien Brody Has Iconic Reaction to Kim Kardashian Mistaking Him for Adam Brody
- Are oats healthy? Here's how to make them an even better breakfast.
- Average rate on 30
- Social media star MrBallen talks new book, Navy SEALs, mental health
- A 'Ring of fire' eclipse is happening this week: Here's what you need to know
- Larry Laughlin, longtime AP bureau chief for northern New England, dies at 75
Recommendation
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Adrien Brody Has Iconic Reaction to Kim Kardashian Mistaking Him for Adam Brody
NYC mayor deflects questions about bribery charges as a potential witness speaks outside City Hall
Asheville, North Carolina, officials warn water system could take weeks to repair
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Pumpkin spice fans today is your day: Celebrate National Pumpkin Spice Day
Abortion pills will be controlled substances in Louisiana soon. Doctors have concerns
Exclusive: Watch the rousing trailer for Disney+'s 'Music by John Williams'