Sunday, February 13, 2005

Businesses cash in on Valentine's Day

“The Valentine's Day crunch is on because the holiday is actually on Monday.” That means a lot of flowers, jewelry and other treats are in demand on tomorrow. And some businesses are trying to meet the demand. This is a good chance for all the investors.
“Money can't buy you love, but can love make you money? Some analysts think it can, and Valentine's Day is boomtime for companies that profit from our amorous affections — including those that sell flowers, candy, card and jewelry.” Everyone wants to have a romance; it means you have to pay a lot. This is one of the busiest days of the year in flower sales. The weekend before Valentine's Day represents hectic shopping for loved ones and sleepless nights for area florists preparing. “Last year, growers churned out 175 million roses to meet the pop in demand.” Valentine's Day is also a time for gifts of a more intimate nature; business is sure to be brisk at retailers. And there are some data about Valentine's Day isn't just for lovers, it's big business. "If romance moves you to make a stock pick, however, don't let emotions sweep you away. You should always do your homework.”

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