The entire market and retail category crashed because of COVID panic but FLWS held strong for some reason. I think part of it has got to do with its profitability. Which seems to be a distraction to the larger slow down happening.
- With the increasing spread of the virus, businesses and their employees are going to be tighter with their wallets. We should see some slow down on the Mar job numbers
- Credit-Card Debt in U.S. Rises to Record $930 Billion (q4 2019), meaning payments were late by 90 days or more, rose to 5.32% in the fourth quarter. Debt holders were mostly aged 18-29