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E-commerce revenue declines for 1-800-Flowers.com in Q1 of fiscal 2010
2009-10-23
It was a tough first quarter for fiscal 2010 for 1-800-Flowers.com Inc. The company saw a decline in e-commerce revenue of 14.8% to $74.8 million from $87.8 million. CEO Jim McCann. “Despite this, during the quarter we continued to execute on our programs to reduce operating expenses, which declined almost $5 million.” In the first quarter of fiscal 2010, 1-800-Flowers.com attracted 392,000 new customers. A total of 74%, or 289,000, of those customers came through an online channel, the company said.Read the full article

