Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

Bruce Nordstrom, who helped grow family-led department store chain, dies at 90

by May 20, 2024
May 20, 2024
Bruce Nordstrom, who helped grow family-led department store chain, dies at 90

SEATTLE — 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.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Chevy Bolt owners to receive settlement checks after successful class-action suit over faulty batteries
next post
Stefanik defends speech at Israel’s Knesset torching Biden, Democrats: ‘Equivocation after equivocation’

Related Posts

Target unveils new items costing $10 or less...

February 19, 2024

Valentine’s Day spending on significant others is expected...

January 30, 2024

Krispy Kreme stock plunges after doughnut chain pauses...

May 9, 2025

Business groups hit back at efforts to cap...

March 6, 2024

Tesla releases refreshed Model 3 with longer driving...

September 7, 2023

Thousands of autoworkers at Toyota, Honda and others...

December 1, 2023

Nvidia CEO Jensen Huang’s net worth swells from...

May 27, 2024

Don’t freak out about the stock market’s inflation...

February 16, 2024

Target says Pride collection will appear in ‘select’...

May 14, 2024

Spirit Airlines to pay up to $8.25 million...

August 26, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Lithium Market Update: Q3 2025 in Review

    • Despatch of SPP Offer Documents

    • Crypto Market Update: FalconX to Buy 21Shares, Senate Democrats Call Out Trump Envoy

    • Apollo Silver

    • Blackrock Silver Commences Phase 2 Hydrology Program, Geotechnical Evaluation and Seismic Survey on the Tonopah West Project

    Categories

    • Business (1,401)
    • Investing (3,062)
    • Politics (3,699)
    • Stocks (1,828)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved