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Fingerhut is an American catalog/online retailer. [ 1 ] [ 2 ] Fingerhut is distinguished from other online retailers in that it incorporates a technique known as hire purchase , where customers can pay with credit, and make monthly payments until their orders are paid off.
Bluestem also owns Fingerhut. In February 2018, Chris Wilson was named President of Orchard Brands with responsibility for the 11 brands that make up the portfolio. [17] On March 9, 2020, the company's parent Bluestem Brands, Inc. filed for Chapter 11 bankruptcy in the United States District Court for the District of Delaware. [18]
A catalog number is an identification number assigned to a purchasable product by an organization which sells goods. It is similar to the concept of a stock keeping unit [ 1 ] [ irrelevant citation ] It is sometimes overlapping but typically distinct from the concept of a part number .
The new Fingerhut restarted with online and catalog sales in November 2002. In April 2003, The Petters Group, with two minority investors, purchased uBid . The same month, Fingerhut Direct Inc. announced it had obtained a $100 million line of credit to finance inventory and receivables.
From January 2008 to December 2012, if you bought shares in companies when Margaret C. Whitman joined the board, and sold them when she left, you would have a -69.9 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
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