(Reuters) - If anyone knows a thing or two about buying roses, it's John Sullivan, a man who's given his wife Sally roses on every Valentine's Day for more than 40 years.
Sullivan, 68, a buyer's real estate agent from Cheverly, Maryland, tackles the annual price run-up by getting his blooms at the warehouse store Costco, where he says it costs him about $25 for a dozen.
He has tried grocery store flowers online sellers and has avoided higher-end florists to keep costs under control. He likes the quality of the roses at Costco compared to what's at the supermarket.
"I didn't get my bank account balanced by spending foolishly," Sullivan says.
Indeed, red roses will be a hot commodity, come February 14.
Growers, largely from Ecuador, Mexico and Columbia, scramble to meet enormous demand ahead of Valentine'sDay, setting in motion an upward price push that impacts most modern-day Cupids.
Other factors beyond supply and demand figure into price inflation, explains industry veteran Peter McBride, owner of Valentine Roses and Towers Flowers florist shop in Babylon, New York.
Lofty labor costs at the farms, to meet the spike in demand, and higher transportation costs as large volumes of the blooms are moved within a brief period, also boost prices, McBride says.
source - https://www.businessinsider.com/rose-bouquet-pricing-variation-2014-2?IR=T
Sullivan, 68, a buyer's real estate agent from Cheverly, Maryland, tackles the annual price run-up by getting his blooms at the warehouse store Costco, where he says it costs him about $25 for a dozen.
He has tried grocery store flowers online sellers and has avoided higher-end florists to keep costs under control. He likes the quality of the roses at Costco compared to what's at the supermarket.
"I didn't get my bank account balanced by spending foolishly," Sullivan says.
Indeed, red roses will be a hot commodity, come February 14.
Growers, largely from Ecuador, Mexico and Columbia, scramble to meet enormous demand ahead of Valentine'sDay, setting in motion an upward price push that impacts most modern-day Cupids.
Other factors beyond supply and demand figure into price inflation, explains industry veteran Peter McBride, owner of Valentine Roses and Towers Flowers florist shop in Babylon, New York.
Lofty labor costs at the farms, to meet the spike in demand, and higher transportation costs as large volumes of the blooms are moved within a brief period, also boost prices, McBride says.
source - https://www.businessinsider.com/rose-bouquet-pricing-variation-2014-2?IR=T
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