1-800-Flowers to Lay Off 10% of Work Force
Carle Place, N.Y. 1-800-Flowers.com said on Thursday that it is eliminating 10% of its work force due to the decline in consumer demand.
The company has about 4,000 employees.
The company also said that it lost $5.1 million in its fiscal second quarter, which ended Dec. 28, compared with profits of $19.2 million in the same period last year.
1-800-Flowers.com said revenue in the period was $329.3 million, compared with sales of $334.2 million in the fiscal second quarter of last year.