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Sept. 8, 2020, 8:40 a.m. EDT

1-800-Flowers.com to hire more than 10,000 workers for the holidays

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By Tonya Garcia

SPX

E-commerce gift purveyor 1-800-Flowers.com said Tuesday that it will hire 10,000 seasonal workers for what it anticipates will be a busy holiday season. Last year, the company announced that it would hire 8,000 seasonal associates. Seasonal hires for 2020 will be largely based in Oregon, Illinois and Ohio, with some work-from-home positions available. Among 1-800-Flowers.com's brands are the namesake flower seller, Harry & David and Wolferman's, a bakery brand that goes back more than a century. 1-800-Flowers.com stock has soared more than 79% for the year to date, while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.22% is up 6.1% for the period. In June, the company raised its full-year fiscal 2020 profit, revenue and free cash flow growth outlook. And the company's shares were upgraded at D.A. Davidson to neutral from underperform at the end of August. "We no longer have any basis to believe 1-800-Flowers.com's booming e-commerce business will be materially impacted by the recession," analysts wrote. D.A. Davidson moved its price target to $33 from $21.

/zigman2/quotes/210599714/realtime
US : S&P US
4,112.50
+49.46 +1.22%
Volume: 2.16B
May 13, 2021 5:03p
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