Bluestem Brands
Bluestem Brands is a retailer of appliances, apparel, electronics, beauty, and health products. It has 13 e-commerce sites like Bedford, Appleseed’s, Fingerhut, Fair, Draper’s & Damon’s, Gettingon.com, and Blair. The company made the list of Business Insider’s at-risk companies. In June 2018, a press release on BusinessWire showed some decline in numbers…
Bluestem
Bluestem had shown its numbers in 2017 in the said press release. It showed that its net sales fell 10.9 percent at $381.1 million compared to its net sales in the first quarter of the fiscal year of 2017. The adjusted net sales didn’t include the exited businesses which lessened the drop in the net sales to 5.1 percent. It seems like PetSmart is doing better than Bluestem Brands.
PetSmart Inc.
This retailer of pet products has over 1,500 stores in Canada, Puerto Rico, and the U.S. PetSmart saw the need to restructure their advisors to better handle its debt problem worth $8 billion. According to Reuters, none of its debts will mature until 2022. The root cause of PetSmart’s problems is basically the same as the others.
PetSmart
More and more consumers are turning to e-commerce these days as it is more convenient and it sometimes offers cheaper prices. PetSmart is also affected by this trend and experienced some difficulties because of it. PetSmart did buy Chewy, an e-commerce site, but the $3.35 billion expense for the site added another burden to its existing debt. Reuters reported that it was the highest amount a company ever spent on an e-commerce site.
