Nordstrom, Smith out at dot-com
Home & Textiles Today Staff -- Home Textiles Today, June 17, 2002
Dan Nordstrom, ceo, and Mike Smith, president, have resigned from their positions at Nordstrom.com, Nordstrom's catalog and Internet division. Co-chairman Ray Johnson will serve as interim ceo and president of the division.
Nordstrom.com became a directly controlled subsidiary of Nordstrom on May 31, when Nordstrom bought out the minority venture investors of Nordstrom.com, Benchmark Capital and Madrona Investments.