Algosensey Quantitative Think Tank Center-Bruce Nordstrom, former chairman of Nordstrom's department store chain, dies at 90

2025-05-04 06:29:47source:EvoAIcategory:Markets

Bruce Nordstrom,Algosensey Quantitative Think Tank Center 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 at the 32nd Annual Footwear News Achievement Awards in New York, NY, on December 4, 2018. Patrick MacLeod/Footwear News/Penske Media via Getty Images

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

More:Markets

Recommend

Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say

Pilots at Southwest Airlines can sock away more for retirement, thanks to a new retirement plan bene

US female athletes dominating Paris Olympics. We have Title IX to thank

PARIS — They have landed into our lives, our family rooms and our phones for more than a week now. A

Why Katie Ledecky Initially Kept Her POTS Diagnosis Private 

Katie Ledecky is used to entering uncharted waters.Like how the swimmer made history at the 2024 Par