Inside a Florist's Valentine's Day with Jim McCann, Founder & Chairman at 1-800 Flowers.com
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What is the introduction to today's episode?
Hey, money rehabbers, it's Morgan Levoy, the executive producer of the show. Happy Valentine's Day, everyone. As you know, this week we're re-airing some of our favorite episodes of Money Rehab. And so in honor of the day, we're taking you behind the scenes of what it's like for a big flower company on Valentine's Day. Enjoy.
Why is Valentine's Day a significant event for florists?
Happy, happy, happy Valentine's Day. And listen, let's be real. I know Valentine's Day isn't all hearts and roses and chocolate for everyone. So if Valentine's Day is not your favorite holiday, I am sending you so much love and I would be thrilled to be your Valentine. Plus, today is not only Valentine's Day, it is also the Super Bowl. Not the literal NFL Super Bowl, that was Sunday. But if you're in the flower industry, today is your Super Bowl. To give us the scoop on this sneak attack complicated flower business is Jim McCann, founder and executive chairman of 1-800-Flowers.com. And spoiler alert, Jim has maybe one of the best answers for the tip you can take straight to the bank question... ever. So listen till the end. Jim McCann, welcome to Money Rehab.
Nicole, the last time I saw you was very, very early in the morning.
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Chapters
7 chapters
1
What is the introduction to today's episode?
2:44–3:07
2
Why is Valentine's Day a significant event for florists?
3:07–4:07
3
What is Jim McCann's perspective on market reactions?
4:07–5:06
4
How does 1-800-Flowers.com manage Valentine's Day supply?
5:06–7:34
5
What are the biggest challenges in the floral industry?
7:34–7:45
6
How does 1-800-Flowers.com operate globally?
7:45–8:43
7
Why are perishable products challenging in the flower business?
8:43–26:27
Speakers
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