May 27, 2017 6:53 AM ET

Internet and Direct Marketing Retail

Company Overview of Bluestem Group Inc.

Company Overview

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

United States

Founded in 1998

3,500 Employees

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

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

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

Bluestem Group Inc. announced that they will report fiscal year 2017 results at 10:36 PM, GMT Standard Time on Apr 26, 2017

Similar Private Companies By Industry

Company Name Region
1-800 CONTACTS, Inc. United States
12Degrees Corp. United States
1A Auto, Inc. United States
1SaleADay L.L.C. United States
1stdibs.Com, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Bluestem Group Inc., please visit www.bluestem.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.