2 of 6
BACKNEXT
Phillip's Flowers
Phillip's Flowers
(L-to-R) Some of Phillip's Flowers owners: Russ Phillip, Don Phillip, and Jim Phillip
Higher gas prices have been a thorn in the side of Phillip's Flowers, a Chicago-area family-owned flower shop.

Jim Phillip, co-owner of the shop, has seen the company's gas bill increase about 15% from October through March compared to the same period a year ago. He also has noticed that imported flowers from overseas have gotten more expensive as jet fuel costs climb.

Despite this, the company has increased its productivity and absorbed costs so customers won't see increases in flower prices.

The shop has been able to do this partly by collaborating with other florists on deliveries -- a practice started by Phillip's father in the '70s.

"At times like this when gas prices skyrocket, this certainly becomes a very, very valuable part of our ability to hold prices to customers," said Phillip, 57. --CC



NEXT: St. Joseph Equipment
LAST UPDATE: Apr 22 2011 | 2:04 PM ET
Kids music: 5 cool, profitable bands Think kids bands are corny? These five groups are bringing rock star cool to kids music and making a mint doing so. More
6 states with the highest startup ratesSparked by widespread layoffs, government incentives, or just a plain can-do spirit, Americans launched businesses at the highest rate in 15 years in 2009 and 2010. More
Small businesses that are actually hiring! Even though many small businesses are struggling, here is a handful of companies that are growing. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.