Bluestem Brands, Inc. – Online Retailer Files Chapter 11 Citing Competition from Walmart and Amazon, Term Loan Lenders to Serve as Stalking Horse

March 9, 2020 – Bluestem Brands, Inc. and 17 affiliated Debtors (“Bluestem” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-10566. The Debtors, a multi-brand, online retailer offering name-brand and private-label general merchandise through 7 retail brands (eg. Appleseed’s, Blair, Draper’s &…