Current:Home > NewsSurpassing:Bruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90 -Golden Summit Finance
Surpassing:Bruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90
Benjamin Ashford View
Date:2025-04-09 17:50:49
Bruce Nordstrom,Surpassing 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! (71)
Related
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- NFL legend Warrick Dunn's housing program changes lives of single parents
- Pennsylvania lawmakers question secrecy around how abuse or neglect of older adults is investigated
- Live Nation, Ticketmaster face antitrust lawsuit from DOJ. Will ticket prices finally drop?
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Cassie breaks silence, thanks fans for support after 2016 Diddy assault video surfaces
- AP Week in Pictures: North America
- ‘Heat dome’ leads to sweltering temperatures in Mexico, Central America and US South
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- EPA Formally Denies Alabama’s Plan for Coal Ash Waste
Ranking
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Justice Department sues Live Nation and Ticketmaster for monopolizing concert industry
- LMPD releases Scottie Scheffler incident arrest videos, dash-cam footage
- NFL to test optical tracking technology for yardage rulings this preseason, per reports
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- NBA great Dwyane Wade launches Translatable, an online community supporting transgender youth
- Negro Leagues Museum unveils 24-foot-tall Satchel Paige card ahead of MLB Rickwood Field game
- BaubleBar Memorial Day Sale: Score $10 Jewelry, Plus an Extra 20% Off Bestselling Necklaces & More
Recommendation
'We're reborn!' Gazans express joy at returning home to north
Lindsay Hubbard Makes Major Dig at Ex Carl Radke in Shady Summer House Preview
Fate of Missouri man imprisoned for more than 30 years is now in the hands of a judge
The Try Guys’ Eugene Lee Yang Exits YouTube Group 2 Years After Ned Fulmer Scandal
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
Man walking his dog shot, killed when he interrupted burglary, police in Austin believe
Rod Serling, veteran: 'Twilight Zone' creator's unearthed story examines human cost of war
Yep, Lululemon Has the Best Memorial Day Scores, Including $29 Tank Tops, $34 Bodysuits & More