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You sit down now the big week for our next guest many Americans of course paying -- their moms and hope you remember it.
I would rather see on Sunday joining me -- talked with a bit about this holiday is Jim.
They can he's the founder and CEO 1800 flowers dot -- speak -- a lot more about than just mothers but your company overall.
We saw revenue down in the last quarter about 21% that's better than a 4500%.
-- 5400 that's not a high -- -- there that was kind of a good comparison.
What -- you -- -- -- to cut costs during a time like this.
What exactly what we're doing -- when first time -- been in business for 33 -- -- Running 1800 flowers first time we've had a -- -- -- -- down -- we can assure you this quarter in June we thought you.
July 1 so when we saw the consumer really slowing down mid December.
We put in place a plan to do three things one make sure we do the right things take care of our customer we think -- the best that it -- -- but we know we can be better we put in a bunch of programs to do that.
Second take care of our finances make sure we cut our course as much as we can take care while balance sheet and on the company for cash and make sure we have all the flexibility we need -- -- banking relationships done that -- that's gone well.
And the third is we're going to be around for another 33 years so doing a lot of investing for our future activity -- social networking activities.
Our new technologies and in particular technology on whom mobile after.
So where do you see growth though because a lot of the web safety seasonings -- -- thank you offer one or two -- actually no we're getting them to go to 1800 flowers dot cognac flowers and gets -- where.
Where is the growth for you.
Well the growth for us is you know -- -- businesses as florist and helping our customers express themselves and connect the important people analyze.
That's not going away no matter how much you have electronic communications.
There's a special need to connect -- growth -- Domestic and international and it's with -- flowers and other related gift products appropriate for us as Florida.
Could carry on shop.
And is -- that they -- who chocolate products are give pop corn products from the popcorn factory and now a big push 1800 baskets -- gift basket company.
Which will re launch with a whole new line in the fault -- that ladies and flexible lines with your bank is that thanks in relationships -- credit lines help grow best with the banking situation flexibility was more about.
In this environment which stocks have gotten beat up so badly and and continue to be down in terms -- valuations it was with net worth covenants so if you had a a goodwill charge because -- stock price who could impact your bank you -- Our banks look at that said let's take that that requirement out of our agreement so we have no net -- requirements.
And did you think time is over on the market -- we know they have this spot among campaign this one attention that briefly at the finish up here.
-- -- behind bars have you allowed just campaign he tells this story.
They just figured you know that -- -- -- about 1516 years ago when a prisoner.
Wrote me a letter and said.
I've not I've screwed up my whole life but my mom is always stood by me for first time in my life I wanna send my mom a gift and includes some cash in an envelope.
And when the couple of people around -- operated.
Obviously we took care of took care of his mom that Mother's Day and one of the ladies who -- response time also worked at a magazine wrote a story about that.
And now we have this huge contest with thousands of moms being recognized around the world you know he was in fine.
I'm asking I'm not telling.
I think he was an anchor on -- Yes and that's where there were wrapping this have been right now but thank you very much for coming in and happy Mother's Day to everyone.
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