1-800-FLOWERS.COM Inc., founded in 1976, is a U.S.-based retailer specializing in floral arrangements, gourmet gift baskets, and plants, sold through online platforms, phone orders, and retail partnerships. Under the leadership of CEO Christopher Russo since 2018, the company efficiently leverages seasonal demand and targeted marketing to drive revenue. With a diversified product portfolio and investments in digital transformation and omnichannel expansion, it is well-positioned for future growth while managing operational challenges.
Concentration of credit risk with respect to accounts receivable is limited due to the Company's large number of customers and their dispersion throughout the United States, and the fact that a substantial portion of receivables are related to balances owed by major credit card companies.