While it may not be a widely touted measure of consumer sentiment on Wall Street, demand is indeed running high for fresh fruit baskets this holiday season, said Rob Price, president of Edible Arrangements. 'We are very pleased to see that people are trading up to more exciting arrangements, more exotic arrangements, but also some of our new dipped fruit varieties,' said Price, adding that on the inflation front the price of strawberries has spiked in recent months, but costs have in general remained stable. Edible Arrangements is the world's largest franchisor of shops offering fresh cut fruit arrangements with more than 1,200 independently owned and operated franchise locations worldwide. Price said he is looking to add up to 70 new locations in the U.S. next year. He is also looking to add a few dozen more stores in China which he called his top international growth market. Of course, the gifting or gift basket market is crowded, but Price does not feel constrained by his competition whether it be 1-800-Flowers.com (FLWS), Etsy (ETSY) or Jamba (JMBA) on the smoothie front. TheStreet's Gregg Greenberg has details from Wall Street.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Video
Ask Cramer: Cisco vs. CVS, Which Stock is Better for Your Portfolio?
Should investors consider adding Cisco to their portfolio? Jim Cramer weighs in TheStreet's new video segment, #AskCramer
Pinterest vs. Zoom vs. Lyft: Which Tech IPO Should You Choose? -- ICYMI
Zoom is profitable already but has a very lofty valuation, while Pinterest has some clear advantages over Lyft but one big con.
Jim Cramer: How to Play Pinterest on the Second Day of Trading
The unicorn Pinterest makes its debut at the New York Stock Exchange. Watch the video from TheStreet's Cramer Live to find out why investors should be careful with this 'happy stock'.