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December 02, 2015 12:56 AM ET

Internet and Catalog Retail

Company Overview of Bluestem Brands, Inc.

Company Overview

Bluestem Brands, Inc., a multi-brand online retailer, together with its subsidiaries, offers a selection of name-brand, private label, and non-branded merchandise through catalog and Internet Websites serving low to middle income consumers in the United States. It primarily sells consumer electronics, domestics, housewares, home furnishings, children’s merchandise, and apparel. The company’s brands include Fingerhut, a retailer that sells furniture, beddings, washers, wedding rings, and electronics; and, a brand for shopping. It also offers PayCheck Direct, an employee purchase program offered via employers and organizations where members can purchase various brand-name, large...

6509 Flying Cloud Drive

Eden Prairie, MN 55344

United States

Founded in 2002

Key Executives for Bluestem Brands, Inc.

Chief Executive Officer and President
Executive Chairman
Age: 56
Chief Financial Officer and Executive Vice President
Age: 54
Chief Operating Officer
Chief Marketing Officer and Executive Vice President
Age: 48
Compensation as of Fiscal Year 2015.

Bluestem Brands, Inc. Key Developments

Liberty Property Trust Signs 345,000Sqft Lease with Bluestem Brands Incorporated

Liberty Property Trust has announced that Bluestem Brands Incorporated has signed a long term lease for 345,000sqft at Golden Triangle Innovation Center in Eden Prairie. The company will occupy the entire facility that will serve as its company's headquarters, beginning March 2016.

Bluestem Brands, Inc., Santander Consumer USA Holdings Inc. - Special Call

To discuss reclassification of its entire personal loan portfolio as held for sale

Fingerhut Suit Alleges Hidden Finance Charges

A Georgia woman represented by a Minneapolis law firm has filed a suit against the parent company of Eden Prairie-based Fingerhut alleging that the mail-order retailer marks up prices as "finance charges in disguise. The class-action suit was filed Aug. 27 in U.S. District Court in Minneapolis on behalf of Georgia-resident Jessica Parm by attorney's Melissa Wolchansky of Halunen Law in Minneapolis and Jeffrey Kaliel of Tycko & Zavareei, based in Washington, D.C. The suit targets Bluestem Brands, the parent company of The suit claims Fingerhut's interest 24.9% annual interest rate and finance charges violate usury laws in Minnesota and Georgia; it also alleges deceptive trade practices, unjust enrichment and violations of the federal Truth in Lending Act. The suit, which seeks to be certified as a class-action, alleges, for example, that Fingerhut charged $539.99 for an iPad Mini 3 when its retail price is $399.00 on the Apple iTunes store. The suit also compares the price to another retail website operated by Bluestem, called, that offers the same device for $439.99.

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