Oh boy, this Pete Nordstrom, let me tell you, that name rings a bell! You see, around these parts, the Nordstrom name, it’s like, well, it’s like a big fancy tree in a small field. You can’t miss it, and everybody knows about it.
That Nordstrom Family
They say this Pete, he’s one of them Nordstroms. Fancy folks, fourth generation, I hear. That means their great-grandpappy started that whole Nordstrom thing. Imagine that, a whole store started by your great-grandpa! Now it is a big company, sell everything you think about. They just built a new one down the road last year. So big.
They got all the fancy clothes and shoes. And it is big money. They say this Pete and his brother, Erik, they’re big shots now. In charge of the whole shebang.
Big Money, Big Store
It’s a family thing, this Nordstrom business. Always has been. But these days, you got all sorts of people owning little pieces of it, like sharing a big pie. Some are big shots with lots of money, some are just regular folks, investors they call it. I heard on the TV, that there are about 32.76% owned by some big money people. And about 40.62% are owned by that Nordstrom family. They are insiders.
- Institutional Investors: 32.76%
- Insiders: 40.62%
- Public Companies and Individual Investors: 18.05%
And then there are those big companies, they own some too. It’s all mixed up like a big pot of stew. But at the end of the day, it’s still that Nordstrom family running the show. They say this Pete and his brother Erik, they wanted to buy the whole thing back. Take it all back to the family, you know?
That will be billions of dollars. Too much money. I can not think about that number. I only know one plus one is two. Haha.
Pete Nordstrom, A Big Shot
This Pete, he’s a smart one, I hear. Leading all sorts of deals, buying up other stores, making Nordstrom even bigger. They sell online now, too, on that internet thing. My grandson, he showed me. You can buy anything on that thing, just click, click, click. It’s like magic. But not that simple. How can I use that tiny thing? I do not know.
They say Pete Nordstrom is good at that, that online stuff. He’s making it all work, keeping up with the times. Nordstrom is everywhere. You can see it all around you. Fancy shoes, fancy clothes, all the time, you will see it.
A Family Affair
It all comes back to family, though. That’s what I think. This Pete, he’s doing what his daddy did, and his grandpappy before him. Keeping the family business going. That’s important, you know? You gotta stick together, family. That’s what matters.
I remember, back in the day, they used to say the Nordstroms, they were going to lose control of their store. But then, in the year 2000, the sons of Bruce, that’s Blake, Erik, and Pete, they took it all back. Like a bunch of cowboys rounding up their cattle!
The Nordstrom Name
Now, that Nordstrom name, it means something. It means fancy, it means quality, it means you’re going to pay a pretty penny. But it also means family. It means sticking together and making something big, something that lasts. And that Pete Nordstrom, he’s right in the middle of it all, keeping that name alive.
You see that name, Nordstrom, you know you’re dealing with something special. Something that’s been around for a long time, and something that’s going to be around for a lot longer. And that’s all thanks to that Nordstrom family, and that Pete Nordstrom, leading the way. That name is big. You know, when you see it, you feel it.
It is all about Pete Nordstrom
And I heard on the news, or maybe it was my neighbor, Betty, telling me over the fence, that there was talk of Pete and his brother Erik buying up the whole company. Taking it all back for themselves. Can you imagine? All that money! They were close to a deal, Betty said. She reads all those fancy magazines, she always knows what’s going on. Shares of Nordstrom, they went up. Everyone was excited.
That is big news. Pete Nordstrom is big news. His family is big. You can not ignore that.
So, this Pete Nordstrom, he’s a big deal. Running a big store, making big deals, keeping that big family name going. It’s a lot for one fella, but he seems to be handling it just fine. Just like a good ol’ country boy, taking care of business. And that Nordstrom, oh, you will see it. The clothes, the shoes, they are everywhere.
