Who owns nordstrom

By , the downtown Seattle shoe shop had become the largest shoe store in the country, and the company, now with eight locations in Washington and Oregon, was the largest independent shoe chain in the United States. With the purchase of a Portland, Oregon, fashion retailer three years later, Nordstrom now offered Northwest customers a selection of shoes and apparel under the new name Nordstrom Best.

Going public in , the company was formally renamed Nordstrom, Inc. In , the first Nordstrom Rack opened in Seattle as a clearance outlet for the full-line stores, and by the company had expanded into Alaska. Three years later, Nordstrom entered the competitive California market and by had opened its first East Coast store in Virginia.

At the start of the new millennium, Nordstrom entered several strategic alliances. In , Nordstrom entered the online private sale market by acquiring Los Angeles-based HauteLook, and also purchased minority stakes in kidswear brand Peek.

In , Nordstrom became the only major U. Today, a fourth generation of the Nordstrom family, along with an executive team, helms the company in partnership with a talented team of innovators and fashion leaders.

From one tiny shoe store, Nordstrom has grown into a fashion specialty chain with global reach. It offers an unparalleled selection of shoes, clothing and accessories and an extensive range of services to make shopping fun and convenient. I Stacy Brown-Philpot.

HP INC. Stacy Brown-Philpot. Kirsten A. Bradley Tilden. All rights reserved. Show password. Add to my list Report. Simon Property-backed Rue Gilt becomes latest retailer to seek U. Business Summary. Nordstrom consists of Nordstrom. Number of employees : 62 people. Sales per Business. Sales per region. Edmond Mesrobian. Members of the board. Glenda Goodly McNeal.

Since then, the Nordstrom family has repeatedly tried to assert its control over the brand. The Nordstrom family still owns quite a bit of the company — more on this in a moment. At least two members of the Nordstrom family have key positions within the business. Nordstrom and Peter E. The Nordstrom family wants to make Nordstrom a private company, again. That approach would give them the power to operate the department store chain with little oversight.

As a public company, it must answer to shareholders and a board of directors. In , the Nordstrom family began exploring more options to regain control of the company.

At the moment, no strategies have been made public. It seems unlikely that the family could purchase the business and make it private again. Retail Apparel. Contact Info. United States. Executive Leadership. Peter E. President, Chief Brand Officer, Director. James F. President - Stores. Erik B. Chief Executive Officer, Director. Anne L. Chief Financial Officer.

Geevy S. President - Nordstrom Rack.