Tag: mealkit

03 AUG

Blue Apron’s steady decline in business, as well as its latest quarterly report, hint at a troubling trend in the meal-kit industry

Meal-kit service Blue Apron’s latest quarterly results point to a troubling trend in the industry. As this chart from Statista shows, business for the service has seen a steady decline since the beginning of 2016. The company’s eventual 2017 IPO, followed by a CEO replacement, didn’t do much to turn things around. Blue Apron’s quarterly […]

21 DEC

Walmart and Amazon are gearing up to take over the $5 billion meal-kit market from Blue Apron

Matt Weinberger/Business Insider Walmart’s stock dropped about 6% in mid-June on the news that Amazon had scooped up Whole Foods. That’s because investors have seen what Amazon can do when it decides to disrupt an industry. This year, Amazon’s e-commerce sales are expected to increase 32%, to $ 196.8 billion dollars, up from $ 149 billion in […]