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Stock impact report

Amazon Wine is shutting down [TechCrunch Blog]

Blue Apron Holdings, Inc. (APRN) 
Last blue apron holdings, inc. earnings: 4/29 06:15 am Check Earnings Report
US:NYSE Investor Relations: investors.blueapron.com
Company Research Source: TechCrunch Blog
Hi! Amazon Wine is shutting down at the end of this year, the retailer has just alerted sellers via email. The issue at hand has to do with the existing laws surrounding alcohol sales, which Amazon has unsuccessfully tried to change by working with regulators. The existing laws make it difficult for Amazon to sell alcohol as a retailer and operate a marketplace. That’s something that’s even more of a conflict now that Amazon owns Whole Foods, which also sells wine, not to mention Amazon’s plans to  expand its alcohol delivery business through Prime Now and Amazon Fresh. In the email sent to sellers, the retailer notes that wine will still be offered through Amazon, just not on Amazon Wine: Dear valued Seller, as Amazon continues to offer customers additional retail options for buying wine, we will no longer offer a marketplace for wine at this time, and Amazon Wine will close on December 31st, 2017. Wine will continue to be offered through Amazon Fresh, P Show less Read more
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