Internet and Direct Marketing Retail
Company Overview of Bluestem Group Inc.
Bluestem Group Inc., through its subsidiaries, offers a selection of name-brand, private label, and non-branded merchandise through Internet Websites and catalog serving low to middle income consumers in the United States. It operates through three segments: Northstar Portfolio, Orchard Portfolio, and Capmark Portfolio. The Northstar Portfolio segment consists of Fingerhut and Gettington retail brands. This segments brand offers consumer electronics, domestics, housewares, and home furnishings. The Orchard Portfolio segment comprises of Tog Shop and WinterSilks retail brands. This segments brand provides apparel, accessories, and home products for women and men. The Capmark Portfolio segment...
7075 Flying Cloud Drive
Eden Prairie, MN 55344
Founded in 1998
Key Executives for Bluestem Group Inc.
Bluestem Group Inc. does not have any Key Executives recorded.
Bluestem Group Inc. Key Developments
Bluestem Group Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended February 3, 2017; Reports Impairment Charges for the Fourth Quarter of 2017
Apr 26 17
Bluestem Group Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended February 3, 2017. For the quarter, the company reported Net Sales were $750.327 million against $737.682 million a year ago. Operating loss was $357.886 million against profit of $15.884 million a year ago. Loss before income taxes was $371.497 million against profit of $2.183 million a year ago. Net loss was $310.235 million against profit of $8.248 million a year ago. Basic and diluted loss per share was $2.36 against profit of $0.06 a year ago. Total net sales and revenue was $758.135 million against $744.449 million a year ago. Adjusted EBITDA was $66.197 million against $80.637 million a year ago.
For the year, the company reported Net Sales were $2,092.030 million against $1,720.189 million a year ago. Operating loss was $393.750 million against profit of $16.521 million a year ago. Loss before income taxes was $447.755 million against $27.399 million a year ago. Net loss was $387.712 million against profit of $14.215 million a year ago. Basic and diluted loss per share was $2.92 against profit of $0.10 a year ago. Net cash provided by operating activities was $145.272 million against $95.173 million a year ago. Net purchases of property and equipment was $43.383 million against $35.935 million a year ago. Total net sales and revenue was $2,100.596 million against $1,743.041 million a year ago. Adjusted EBITDA was $92.387 million against $137.380 million a year ago.
For the quarter, the company reported loss on impairment was $354.432 million against $20.200 million a year ago. Impairment charges are against intangible assets and goodwill primarily related to the Fingerhut brand and the trends in that business.
Bluestem Group Appoints Two New Members to Board of Directors
Apr 25 17
Bluestem Group Inc. announced that, on April 24, 2017, the company’s Board of Directors increased the fixed size of the Board from 9 to 11 and filled the newly created vacancies with Lisa Gavales and Alexander Smith. Ms. Gavales, age 54, has served as Chairperson, President and CEO of Things Remembered Inc., since November 2014. Mr. Smith, age 64, most recently served as the President and CEO of Pier 1 Imports Inc., from February 2007 through December 2016.
Bluestem Group Inc. to Report Fiscal Year 2017 Results on Apr 26, 2017
Feb 23 17
Bluestem Group Inc. announced that they will report fiscal year 2017 results at 10:36 PM, GMT Standard Time on Apr 26, 2017
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