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Stock impact report

Is Amazon Fresh Killing Blue Apron? [The Motley Fool]

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: The Motley Fool
A recent industry report indicates that Blue Apron’s days might be numbered. Shares of meal-kit maker Blue Apron ( NYSE:APRN ) fell over 6% on Jan. 16 after One Click Retail's 2017 Grocery Report indicated that Amazon ( NASDAQ:AMZN ) had made huge gains in the U.S. grocery market. The report claims that Amazon generated $2 billion in food and beverage sales last year, and accounted for 18% of all online grocery sales in the U.S. More specifically, weekly sales at Amazon Fresh, its online grocery service, more than doubled over the course of the year, rising from about $3 million in January to over $7 million by the end of 2017 to hit an estimated $350 million in total sales. The biggest growth driver was Amazon's acquisition of Whole Foods, which closed last August. Image source: Getty Images. The report didn't mention Blue Apron or any other meal-kit makers, but it wasn't hard to connect the dots. Over the past two years, Amazon signed meal-kit partn Show less Read more
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