Blake Nordstrom, a top executive and heir to the department-store dynasty, has died. Here's how the Nordstrom family built their store empire.
- Blake Nordstrom, one of the co-presidents of Nordstrom, Inc., died on Wednesday at 58.
- He had been diagnosed with lymphoma in December.
- Blake Nordstrom's brothers, Pete and Erik Nordstrom, will continue to lead the company as co-presidents.
- The Nordstrom family has owned the retailer since it was founded in 1901.
Nordstrom was a co-president and heir of Nordstrom Inc., which was founded by his great-grandfather.Blake Nordstrom's brothers, Pete and Erik Nordstrom, will continue to lead the company as co-presidents.
Nordstrom, initially a shoe store, was founded by John W. Nordstrom and Carl F. Wallin in Seattle in 1901. John Nordstrom handed down the shoe store to his three sons, and over time it grew from a local Seattle business to the largest independent shoe store chain in the US. The second generation of Nordstroms focused on expanding into women's clothing throughout the 1960s, starting with the acquisition of Seattle-based Best's Apparel in 1963.
In 1971, the third generation of Nordstroms took the company public before opening the clearance outlet Nordstrom Rack in 1973. Throughout the 1980s and 1990s, expansion of the now-department store continued nationwide. In 1995, the third generation of Nordstroms stepped down, passing the store to their sons.
The fourth generation of Nordstroms - Blake, Pete, and Erik - took Nordstrom digital in 1998, launching Nordstrom.com.
Here's how the Nordstroms built their empire: