Nordstrom Co-CEO on Going Private, Customer Experience, Retail Space
Channel: Bloomberg Television
Uploaded:
Duration not recorded
Read a transcript preview of “Nordstrom Co-CEO on Going Private, Customer Experience, Retail Space” from Bloomberg Television, uploaded on 2026-11-13.
Transcript preview
Language: English (creator captions)
[0:00] Pete, thanks for having us here in your flagship in Seattle.
[0:03] Thank you. 125 years.
[0:05] Yeah. Um, you spent, I don't know, what, 70
[0:08] plus years. It's a private company.
[0:11] Maybe another 50 years as a public company.
[0:13] And now you're private again? Yeah, I was doing the math in my head.
[0:15] That's about right. It's about right.
[0:16] You know, I did the math after I got here.
[0:19] Um, but it's been about a year and a half since you went private again.
[0:22] And I know that was a long time coming. And I'm curious as to what's changed, if
[0:26] at all, in that year and a half, uh, since you left the public markets?
[0:30] Yeah. You know, we my brother Eric and I were
[0:32] just having that discussion with someone this morning.
[0:35] As a matter of fact, about that. And as I think about it, I don't know
[0:38] that it's really changed much for the thousands of people that work here, or
[0:43] even for customers and how they interact with us, but particularly for my brother
[0:47] Eric and myself and my cousin Jamie. It's it's changed how we do our job and,
[0:52] uh, and for the better. And I'd say that's mostly around the
[0:56] ability to create focus now around really the business and not all the
[1:00] trappings that go with being a public company.
[1:02] I mean, no, that's all we really knew was a public company, and it was fine.
[1:06] But when you don't have those obligations anymore, you start
[1:10] recognizing how much time and clarity that provides, uh, for doing the
[1:15] business, you know, hopefully differently and better.
[1:18] Um, so that focus has helped us for sure.
[1:20] Well, I mean, obviously b