Erik Nordstrom, co-CEO of Nordstrom, discussed the company's 125-year history and its ties to Seattle in interviews with KOMO News. He reflected on the company's founding by his great-grandfather, an immigrant who opened a shoe store at Third and Pike, and noted that the company has "grown up with the city." Nordstrom attributed the company's longevity to a focus on customer service, which he said has remained the foundation of the business even as the definition of service has evolved to include digital interactions. He described the company's flagship store in downtown Seattle and its Bellevue Square location as both being among the top five stores in the chain. Nordstrom commented on the company's transition to a private company, stating that it was "somewhat of a unique go private" because the family did not take on a significant amount of debt or involve private equity, and that the family remains the majority owner. He said the change has allowed the company to "remove some noise" and focus on the core business. Nordstrom also discussed the company's expansion plans, noting that Rack stores are the "biggest source of new customer acquisition" and that the company aims to open about 50 Rack stores per year.