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IN BRIEF / RETAILING

Nordstrom Loses Top Online Executives

June 11, 2002|Associated Press

Nordstrom Inc. said the top two executives of its online retailing arm resigned.

Nordstrom.com Chief Executive Dan Nordstrom, 39, a fourth-generation member of the famous Seattle corporate family, will stay on through the end of the month. President Mike Smith, formerly president and chief executive of Lands' End, left Friday.

They are leaving a month after Nordstrom announced it would buy out shares in Nordstrom.com worth about $70 million held by two venture capital firms.

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