1-800-FLOWERS.COM's Expanded Valentine Gift Selection Attracts Record Online Shoppers.Business Editors WESTBURY, N.Y.--(BUSINESS WIRE)--Feb. 21, 2001 - More than five million shoppers visited the 1-800-FLOWERS.COM website during this year's Valentine's Day period (January 29 through February 14, 2001) - Online orders increased more than 50 percent compared with the prior year period - Approximately 2.5 million roses and more than 50,000 boxes of candy delivered 1-800-FLOWERS.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. (SM), a leading multi-channel retailer of thoughtful gifts for all occasions, announced record online traffic and order volume for the Valentine's Day Valentine's Day: see Saint Valentine's Day. Valentine's Day Lovers' holiday celebrated on February 14, the feast day of St. Valentine, one of two 3rd-century Roman martyrs of the same name. St. holiday shopping period (January 29 through February 14, 2001). The Company said its expanded gift offering, featured in its "Perfect Valentine's Day Gifts" center and "One Stop Love Shop(SM)," helped attract more than five million customers to its website during the period. Online orders grew more than 50 percent, compared with the prior year period, driven by the increased traffic and the Company's expanded gift offering. Highlighting the continued success of its expanded gift offering, the Company said that sales of its exclusive line of Belgian chocolates, introduced for Valentine's Day last year under the Fleur de Chocolate(TM) brand, exceeded 50,000 boxes during this year's Valentine's Day shopping period. The Company said it also sold more than 2.5 million roses as well as close to 20,000 plush stuffed toys and thousands of specialty gift items including fine jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. and Lenox(R) fine crystal and collectables. The Company noted that customers are increasingly embracing 1-800-FLOWERS.COM as their "trusted guide to gifting," as evidenced by the site's placement in PC Data's Top 20 websites for customer visits during both December and January. Based on the record number of customers that visited the 1-800-FLOWERS.COM site during the Valentine's Day shopping period, the Company said it anticipates it will also be in PC Data's Top 20 for February 2001- a third consecutive month. Jim McCann, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "Valentine's Day is one of our most important holidays in terms of brand building and we're very pleased to see continued customer growth despite media reports of tighter consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. and overall slower online traffic. Our customers know that they can use our convenient 360-degree access - online, via the telephone, catalogs and retail stores - to shop for special gifts for all of the important people in their lives. In addition, they know they can rely on us for timely and dependable delivery of flowers as well as an increasingly broad range of thoughtful gifts for any occasion." McCann noted that, "With Valentine's Day behind us, we are now gearing up for our historically strongest customer demand period - our fiscal fourth quarter beginning in April - which includes such gifting holidays as Easter, Passover, Administrative Professional's Week, Father's Day, graduations and, of course, our traditionally biggest holiday of the year, Mother's Day. As we've stated in the past, we believe continued customer acceptance of our expanded gift offering and our focus on cost effectively executing our proven, multi-channel business model, will enable us to achieve continued revenue growth in the second half of our fiscal year and attain our stated goal of positive EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become in our fiscal fourth quarter." About 1-800-FLOWERS.COM(SM) With one of the most recognized brands in online retailing, 1-800-FLOWERS.COM provides a broad range of thoughtful gift products including flowers, gourmet foods, candies, gift baskets and other unique gifts to customers around the world via: the Internet (www.1800flowers.com); by calling 1-800-FLOWERS(R) (1-800-356-9377) 24 hours a day; or by visiting one of its Company-operated or franchised stores. The Company's gift product line is complemented by the merchandise sold through its subsidiaries which include The Plow & Hearth, Inc., a direct marketer (phone: 1-800-627-1712 and web: www.plowhearth.com) of home decor and garden merchandise and GREATFOOOD.COM(R) (www.greatfood.com) an online retailer of gourmet food products. 1-800-FLOWERS.COM currently maintains strategic online relationships with America Online See AOL. , Yahoo, MSN (1) (MicroSoft Network) A family of Internet-based services from Microsoft, which includes a search engine, e-mail (Hotmail), instant messaging (Windows Live Messaging) and a general-purpose portal with news, information and shopping (MSN Directory). , and NBCi, among others. The Company's Class A common stock is listed on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market under the symbol "FLWS FLWS Force Level Warfare Systems ." Special Note Regarding Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : A number of statements contained in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: the Company's ability to maintain and enhance its online shopping web sites to attract customers; its ability to successfully introduce new products and product categories; its ability to provide timely fulfillment of customer orders; its ability to reduce customer service issues and manage customer credits and charge-backs; its ability to cost effectively acquire and retain customers; its ability to continue growing revenues; its ability to achieve cost savings in marketing and selling; its ability to cost efficiently manage inventories; its ability to improve its bottom line results; its ability to attain positive EBITDA; and general economic conditions that may affect levels of discretionary customer purchases of the Company's products. For a more detailed description of these and other risk factors, please refer to the Company's SEC filings including the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. . |
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