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Home > Company Index > Retail > Discount & Variety Retailing > Fingerhut Companies, Inc.

Fingerhut Companies, Inc.
 NEWS FROM THE STANDARD
Minnesota Calls California Techies Back Home
Jul 13 1998 12:00 AM PDT

Fingerhut Acquires PC Flowers, Plans More E-commerce Buys
Jul 13 1998 12:00 AM PDT

 PROFILE
Fingerhut Companies has its customers pegged. The nation's #2 catalog retailer (after J. C. Penney) sells private-label and brand-name merchandise, including electronics, housewares, jewelry, apparel, flowers, tools, and specialty food gifts (through its Figi's catalog). Fingerhut, which calls itself a database marketer, is using its fulfillment and distribution knowledge (gained from the mail-order business) to service Web customers. Department store giant Federated Department Stores bought Fingerhut in 1999, hoping to tap the company's e-commerce capabilities and extensive customer database. Feeling the weight of Fingerhut's heavy debt, the parent cut about 25% of the jobs at the company.

 COMPETITION
Hanover Direct, Inc. (HNV)
J. C. Penney Company, Inc. (JCP)
USA Networks, Inc. (USAI)

 DEALS
Deal: AT&T Inks Alliance With Fingerhut
Date Announced: 03.22.01
Value of transaction (US $Mil): 0
Description: Fingerhut and AT&T will offer co-branded ISP services.

Search all deals for this company

 FINANCIAL OVERVIEW
1998 Sales (mil.): 1,609.20
1-Yr. Sales Growth: 4.8%
Employees: 9,500
Revenue per employee: $169,389.47

 KEY PEOPLE
• Jeffrey Sherman
    CEO
• Nils Ytterbo
    CFO

 CONTACT INFO
4400 Baker Rd.
Minnetonka, MN 55343
US
Phone: 952-932-3100
Fax: 952-932-3292
Online: Web Site

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