29.11.2014 22:20:46
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1-800-FLOWERS.COM Faces Product Constraints Due To Fire At Warehouse
(RTTNews) - 1-800-FLOWERS.COM Inc. (FLWS), the world's leading florist and gift shop, reported that supplies of its Fannie May Fine Chocolates and Harry London Chocolates will be limited in the holiday season due to a fire at the company's Maple Heights, Ohio warehouse and distribution facility that took place on Thanksgiving Day. Inventories stored at the facility were damaged or lost in the fire, the company reported.
As a result, the company expects to have limited supplies of its Fannie May Fine Chocolates and Harry London Chocolate products available in its retail stores as well as for its ecommerce and wholesale channels during the holiday season. The company said it has begun to implement contingency plans to increase production for Fannie May Fine Chocolates and Harry London Chocolates products at its state-of-the-art chocolate and confection production facility in Canton, Ohio.
1-800-FLOWERS.COM said the constrained inventory is likely to impact total revenues for the holiday season. The company noted that it is insured for losses incurred due to the fire, including material losses and business interruption.
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1-800-FLOWERS.COM Inc. | 7,77 | -3,24% |