Blue Apron to end partnership with Walmart’s Jet.com but continue with Weight Watchers [MarketWatch]
Blue Apron Holdings, Inc. (APRN)
Last blue apron holdings, inc. earnings: 4/29 06:15 am
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Source: MarketWatch
Blue Apron to end partnership with Walmart’s Jet.com but continue with Weight Watchers Weight Watchers International Inc. is in, but Jet.com is out. Meal-kit service Blue Apron Holdings Inc. APRN, -1.24% announced on its earnings call that it’s going to end its pilot with Walmart Inc.’s WMT, -0.25% e-commerce site, called Jet.com, in the coming weeks, but it will continue its partnership with diet and nutrition club WW WW, +39.70% . “As we’ve said before, Jet has been a great partnership through which we’ve built valuable on-demand competencies, many of which we are now applying to future considerations for our model,” said Linda Kozlowski, Blue Apron’s chief executive, on the earnings call, according to a FactSet transcript. “Right now, however, we need to focus our efforts on our core business – engaging with our customers week-in and week-out on our platforms through our direct-to-consumer service.” For partnerships, Kozlowski said it will look for opportunities with “large,
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