Why 1-800-Flowers.com Stock Was Down This Week
The e-commerce specialist's stock fell 8% through Thursday trading, according to data provided by S&P Global Market Intelligence, compared to a 2% boost in the S&P 500. It came as Wall Street digested the retailer's latest earnings report, which showed increasing challenges around growth and profitability. The retailer also blamed a rapid rise in costs for pushing profit margin below its expectations in Q4.