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Bruce Nordstrom

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Bruce Nordstrom's Social Links

Profile

Bruce Nordstrom is the former chairman and CEO of the retailer Nordstrom. He ran the company from 1968 until 1995, and he resumed his position as chairman in 2000 until 2006.

Nordstrom is the grandson of John W. Nordstrom, founder of Nordstrom, Inc., which began as a shoe store in 1901. When he was only 9, Bruce began his career at the chain working in the stockroom and sales floor of the downtown Seattle location, making 25 cents per hour. So, needless to say, you can say that Nordstrom the retail chain has always been a part of Bruce.

For more than 40 years, Bruce led Nordstrom, Inc., growing it from seven shoe stores to more than 156 stores in 27 states, and a European chain of boutiques. Over that time, she grew the company from under $40 million to $8.6 billion.

In 1995, Bruce retired as co-chairman, and his sons took over in the company’s leadership roles. He resumed his position briefly a few years later.

Bruce has an accounting background, which helped him when his time came to run the family business. He graduated from the University of Washington.

Bruce and his wife Jeannie are active volunteers and donors to nonprofit and civic organizations in Seattle. Nordstrom held leadership positions for the Downtown Seattle Association, Seattle Children’s Hospital Foundation, Swedish Hospital, Seattle Goodwill, Delta Society and United Way of King County.

According to Forbes in October 2016, Bruce’s net worth is about $1.32 billion.

Sources: Forbes

Companies and Investments

Nordstrom (former CEO, chairman)


Lessons Learned

We can hire nice people and teach them to sell, but we can’t hire sales people and teach them to be nice. In other words, you have to look at the core of the person whom you wish to be your coach and mentor. Their core character. If it’s somehow whacked — better turn and run. Fast.


Inspiring Quotes

Bruce Nordstrom's Quotes

It is important for us to understand where we came from and how we got here because it would be very foolish of us to get off that horse we rode in on.

Bruce Nordstrom

Heck, nobody gets along perfectly. But what we have is respect for one another. We have a system where one guy can veto anything.

Bruce Nordstrom

Influential Books

Bruce A. Nordstrom - Leave It Better Than You Found It

Mentors

Everett Nordstrom

References


Technical

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