Following troubles at Blue Apron and Snap, which have tumbled since going public in 2017, analysts and investors have voiced concerns about Stitch Fix's ability to stay profitable.
There’s been plenty of appetite for Stitch Fix’s upcoming NASDAQ listing, but concern around disappointing listings from Snap and Blue Apron may explain why the fashion e-commerce company has opted to slim down its IPO tomorrow. Stitch...Show More Summary
The Hipster of Bentonville is APRN's Obi-Wan Kenobi.
Things just keep getting worse for Blue Apron. After reporting yet another disappointing set of earnings last week, the company is now saying that a move from one New Jersey fulfillment center to another is incurring “unexpected costs." That...Show More Summary
HelloFresh, the Berlin-based cooking kit delivery company, priced its IPO at the middle of its expected range at 10.25 euros, or roughly $11.91 dollars. This means that the company could raise up to 318 million euros in the offering, or $369 million, assuming underwriters exercise what’s called a greenshoe option. It would value the company at nearly $2 billion or 1.7… Read More
Because the demand for vegan meals and the popularity of meal-kit delivery services are growing every year, PETA set out to grade more than two dozen such services on... The post Blue Apron Flunks PETA’s Vegan-Friendliness Test appeared first on PETA.
Has the Blue Apron rival just come out of a coma?
It's been nearly a year since peer pressure and culinary hubris convinced me to try Blue Apron, the cook-at-home subscription service. Much to my surprise and chagrin, I hated it. I found the portions small, the recipes frustrating, and the...
Crushed by Amazon? Blue Apron is cutting about 320 jobs, less than four months after the meal-kit seller became a public company. New York-based Blue Apron, which had nearly 5,400 employees in June, says the layoffs represent about 6% of its workforce. The company says the cuts were at...
The CEO called it a “painful” companywide “realignment” in a letter to employees.
Plus, Blue Apron lays off 6 percent of its staff and more food news to know today Is this what the Starbucks holiday cups will look like? A Reddit user posted a photo of stacked cups with a Starbucks logo and hand-drawn holiday motif, along the caption “Just got it in our order. Show More Summary
CHANGE: Blue Apron is laying off hundreds of employees.
Today's Water Cooler: Obama on the trail, Cory Booker, J.D. Vance, leading indicators, FedEx, Blue Apron, CHIP, Alexa, the extended mind
Blue Apron on Wednesday said it cut about 6% of its workforce, nearly four months after the meal-kit company went public.
As Blue Apron approaches its next earnings report in a couple weeks, the company said Wednesday that it is laying off 6% of its staff as part of “a company-wide realignment of personnel to support its strategic priorities.” Blue Apron was one of the big — and most anticipated — consumer IPOs of the year, but it’s also now one of the companies that represent the… Read More
Blue Apron, which went public less than four months ago, is laying of 6% of its employees, reports CNBC. “Our leadership and Board did not take this decision lightly, and I want to assure you that we believe it was necessary as we focus...Show More Summary
On Wednesday, Blue Apron laid off 6% of its total workforce, the company announced in a filing. The meal service delivery kit company had more than 5,000 employees across corporate offices and fulfillment centers when Blue Apron went public in June. Show More Summary
Stock traders can't stop kicking Blue Apron while it's down. The company's stock is already trading at roughly half of its $10 initial public offering price, but apparently that isn't low enough for the bearish speculators adding toShow More Summary
Weekly meal subscription companies will deliver boxes of fresh, pre-portioned ingredients and chef-created recipes to your doorstep. Are they worth the money? And which service comes out on top? Meal Delivery Comparison: Blue Apron Vs. Home Chef, Plated, Hello Fresh And Freshly appeared first on Money Under 30. © Moneyblogs, LLC.