Shutterfly 2011 Annual Report Download - page 18
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Please find page 18 of the 2011 Shutterfly annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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methods we use to reach consumers, if the costs of attracting customers using these methods significantly increase, or if we are unable to
develop new cost-
effective means to obtain customers, our ability to attract new customers would be harmed, traffic to our website would be
reduced and our business and results of operations would be harmed.
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