America's Unwanted Gift Basket Industry Is Endangered

Harry & David, the company that makes expensive fruit baskets to send to people you don't know that well, admitted yesterday that it's in danger of going bankrupt if it doesn't find some new financing, fast. What's the problem?

The news comes after a weak holiday season. Despite a new Web site and packaging, their gift baskets were not a must-have item this Christmas.

Also Harry & David gift baskets were never a "must-have item," ever, anywhere, for anyone. Get shopping, America!

[Dealbook]