Blue Apron: Collateral Damage Between Amazon vs. Walmart [The Motley Fool]
Blue Apron Holdings, Inc. (APRN)
Last blue apron holdings, inc. earnings: 4/29 06:15 am
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Source: The Motley Fool
The meal-kit pioneer could be rendered obsolete by the two retail giants. Leo Sun ( TMFSunLion ) Mar 7, 2018 at 9:05PM Shares of meal-kit maker Blue Apron ( NYSE:APRN ) recently hit fresh lows after Walmart ( NYSE:WMT ) introduced its own meal kits. The kits, which cost between $8 to $15, are designed to serve two people. For busier customers, Walmart will also start selling ready-to-heat meals that are heavily meat-based. Walmart launched third-party meal kits last fall, so the introduction of first-party meal kits wasn't surprising. The move was aimed at taking on Amazon.com 's ( NASDAQ:AMZN ) introduction of meal kits on AmazonFresh , which is now supported by the company's network of Whole Foods stores. Amazon also previously sold third-party meal kits from Marley Spoon and Martha Stewart. Image source: Blue Apron. In thi
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