Fingerhut was founded in 1948 by brothers Manny and William Fingerhut. The brothers originally sold car seat covers, but soon expanded into catalog sales, which soon offered other items, such as tools, kitchen items, bedding, and towels.
The company has been sold several times over the years, including Federated Department Stores in 1999, Bain Capital Ventures in 2004, and currently to the Bluestem Group.
Fingerhut is an online retailer which offers a very wide variety of items, including iPads, curtains, Playstations, televisions, laptops, umbrellas, and more. The company differs from almost every other online company in that it has its own “Rent to Own” service, where customers can purchase items and make payments without using credit cards.
The company has come under fire recently for offering their merchandise at higher prices than most other stores, offering credit with an APR of 29.99%, as well as for annoying “robocalls.”