Previous to 2010, Bluestem Brands was named Fingerhut Companies, Inc.
Fingerhut Companies, Inc. was founded in 1948 by William Fingerhut and his brother, Manny Fingerhut. At first, the company produced and sold automobile seat covers.
In 1952 the brothers reorganized their company as a mail-order company.
Fingerhut Companies went public in 1969.
In 1995 Fingerhut launched two e-commerce sites: fingerhut.com and AndysGarage.com.
The company was acquired several times in its history, with the most recent being by Bain Capital, the current owner of the company.
Since the acquisition of the company by Bain Capital the company has shown tremendous growth. Previous to 2004, the year of the first investment by Bain, Fingerhut had only $135 million annually in sales. In 2012 the company has $700 million in sales.
Fingerhut was rebranded as Bluestem Brands in 2010.
Today Bluestem Brands offers private-label and name-brand merchandise, including apparel, appliances, electronics, furniture, health and beauty products, jewelry, kitchenware, luggage, sporting goods, toys, and tools through its two e-commerce sites: fingerhut.com and Gettington.com. The company also owns and operates Paycheck Direct, an employee purchase plan whereby employees can buy big ticket items through interest-free payroll deductions.
Bluestem Brands, Inc.Previous to 2010, Bluestem Brands was named Fingerhut Companies, Inc.
Fingerhut Companies, Inc. was founded in 1948 by William Fingerhut and his brother, Manny Fingerhut. At first, the company produced and sold automobile seat covers.
In 1952 the brothers reorganized their company as a mail-order company.
History
Fingerhut Companies went public in 1969.
In 1995 Fingerhut launched two e-commerce sites: fingerhut.com and AndysGarage.com.
The company was acquired several times in its history, with the most recent being by Bain Capital, the current owner of the company.
Since the acquisition of the company by Bain Capital the company has shown tremendous growth. Previous to 2004, the year of the first investment by Bain, Fingerhut had only $135 million annually in sales. In 2012 the company has $700 million in sales.
Fingerhut was rebranded as Bluestem Brands in 2010.
Today Bluestem Brands offers private-label and name-brand merchandise, including apparel, appliances, electronics, furniture, health and beauty products, jewelry, kitchenware, luggage, sporting goods, toys, and tools through its two e-commerce sites: fingerhut.com and Gettington.com. The company also owns and operates Paycheck Direct, an employee purchase plan whereby employees can buy big ticket items through interest-free payroll deductions.
