35 Burst results for "Blue Apron"

CurlMix CEO Kim Lewis on Transitioning Between Product Lines and Creating Sustainable Business

Side Hustle Pro

02:47 min | 1 d ago

CurlMix CEO Kim Lewis on Transitioning Between Product Lines and Creating Sustainable Business

"Tell us a little bit more about the transition from like subscription box company to signature products to dabbling in different areas again. Like tell us how you decide your product mix. We started chromos a diy curly hair so think of like blue apron but for curly hair. And we did that for like two years and that was my interview on south. I think my goal at the time. Half a million for the year. Neither we didn't think we'd have to. And i was like salty or whatever and i was like i had gotten pregnant. And how twenty seventeen and i was just like you know. My business is growing. The way i feel like you should be growing emphasis subscription. Box right And i talked to a few people. And i found out that the margins on my box way too small and what i have learned for anyone who does a subscription box if you are not getting products for free or if you are not Making it yourself. The margins aren't there for sustainable business. Usually and so we thirty percent margins for thirty dollars bucks whereas a typical hager company will have like seventy to ninety percent margins for the same price for one bottle. And i was like oh this even if i could scale this. I shouldn't because the math doesn't work. And so i was at the point where i really wasn't sure what i was going to do. With my business. I was like mcdonagh pivot. Close clothes pregnant. I started g. mat. I was figuring out of the nba. And i met my adviser I got a twenty thousand dollar arlen from backstage capital and she didn't give the money yet but she said basically said that like she wanted to invest in us in the meantime she will participate in all the backstage capital events But didn't have the money yet. So it's okay that's cool and i met my adviser who has a I always say this. He's a bald asian man but he's so nice and he is so smart. He's an engineer. Worked at as you tech companies early on and got shares and all that and he was like. What's your best selling box. It's our flexi gel manufacturers will make it for us you know they. It's it's too much like food. I got a boil real flat seeds. Extract the joe and he was like they just won't do it and he's like well. Why don't you figure it out and i'm like br been trying. It's not working. I'm seven months pregnant. What do you mean he was like figure it out. Never stopped selling your best product. And i was just like okay so i spent a monday my kitchen seven months pregnant. I may fifty different badges of lexi jail like found one that i loved it every time people will flag me down like what is in your hair l. me now. Don't go anywhere. And i'm working on it. So we've relaunched. We lost our audience with pre orders. Because he has launched a nut stuff to know that you do not just go out and buy bunch of inventory and figure out how to sell it later. You sell it. I even though the

Mcdonagh Pivot Arlen NBA Lexi
Cardboard And Paper  (MM #3680)

The Mason Minute

01:00 min | 2 months ago

Cardboard And Paper (MM #3680)

"The with kevin mason. Many people are tired of being at home and want to get out. But if you look at the numbers that's not necessarily true because meal delivery food delivery services are on the rise they were growing before the pandemic and now they're growing even bigger and it doesn't look like they're going to slow down no matter if they leave their house or not companies like doordash and grubhub and postmates certain about delivering fast. Food meals all around town. And then you've got actual meal delivery services the kind that you cook at home. Companies like hellofresh and blue apron. They're out there too. But what all these companies have in common is a lot of paper and a lot of cardboard and i guess for that matter a lot of plastic to and that's the one thing i'm wondering about when all these delivery services deliver their in paper bags the big meal preparation services that they're delivering in big cardboard boxes plus all the plastic inside are recreating more waste. Has anybody thought about that. We're not talking about recycling here. We're just talking about moore cardboard paper and yes more plastic and that's very concerning.

Kevin Mason Moore
Cardboard And Paper  (MM #3680)

The Mason Minute

01:00 min | 2 months ago

Cardboard And Paper (MM #3680)

"The with kevin mason. Many people are tired of being at home and want to get out. But if you look at the numbers that's not necessarily true because meal delivery food delivery services are on the rise they were growing before the pandemic and now they're growing even bigger and it doesn't look like they're going to slow down no matter if they leave their house or not companies like doordash and grubhub and postmates certain about delivering fast. Food meals all around town. And then you've got actual meal delivery services the kind that you cook at home. Companies like hellofresh and blue apron. They're out there too. But what all these companies have in common is a lot of paper and a lot of cardboard and i guess for that matter a lot of plastic to and that's the one thing i'm wondering about when all these delivery services deliver their in paper bags the big meal preparation services that they're delivering in big cardboard boxes plus all the plastic inside are recreating more waste. Has anybody thought about that. We're not talking about recycling here. We're just talking about moore cardboard paper and yes more plastic and that's very concerning.

Kevin Mason Moore
Hello Fresh Had a Great Year, But Microwavable Meals Did Even Better

Business Wars Daily

02:37 min | 5 months ago

Hello Fresh Had a Great Year, But Microwavable Meals Did Even Better

"With on again off again covid restrictions keeping hungry mouths out of restaurants. It's no surprise that twenty twenty was a banner year for cooking at home. That's been great for meal. Kit companies like hellofresh and blue apron. Homebound customers tired of familiar recipes flocked offerings like smashed black bean to start as in meatloaf la mom already and under forty-five minutes hellofresh orders grew one hundred fourteen percent over a year ago according to a statement from the company as much as meal kits have shown during the pandemic though. There were no match for their biggest rival. The microwave twenty twenty was a record year for the frozen food. Aisle sales of microwavable ready meals in the us grew to more than twenty five billion dollars last year. Outpacing the growth of all other grocery items according to market research published by global industry analytics. This increased demand sent items. Like tinos pizza rolls. Marie calendar's is and trader. Joe's tikka masala flying off their ice shelves twenty twenty also saw gin hot pockets that came as a blow to military bases where the microwavable meat and cheese filled bread bars or a snacking staple so report stars and stripes magazine nestle owned stouffer is meanwhile celebrated its record year by debut in a shop where it showcased food themed clothing with slogans like cheese. Self care yeah. That one's a little debatable. Live laugh lasagna. T shirts aside. However microwaveable meals showed they could adapt to the times amy's kitchen which built a brand off organic and vegetarian. Ready meals enjoyed sales bumps up to seventy percent for some of its products as reported by food navigator usa dot com nestle. Meanwhile grew it's plant based offerings by forty percent in two thousand twenty on top of organic and meatless options. Healthy choices have been winners to namely the company's diet brand lean cuisine that is until december when pieces of plastic from a broken conveyor belt ended up in a batch of frozen mashed potatoes. I guess that means this time. At least the lou calorie frozen meals might actually tastes like plastic nestle recalled ninety two thousand pounds of their lean cuisine baked chicken and potato variety as we emerge from the pandemic. It remains to be seen whether pre-prepared microwaveable meals will continue their meteoric rise. Customers might be looking for a break from all that processed food. just ask allison robot celli. Who eight and reviewed thirty five hot pockets in four days for the takeout when recalling the experience she says nobody should attempt this without a note from their doctor

Marie Calendar Nestle Tikka Masala Stouffer LA USA JOE Allison Robot Celli
Building a Start-ups CX Is a Creative Endeavor

Designing Next: Achieving growth through transformation and innovation

05:58 min | 8 months ago

Building a Start-ups CX Is a Creative Endeavor

"Chad. How are things today? Steve is great today looking forward to a conversation with our guests feels like a another guest that has a background is really relevant in twenty-twenty and we get to explore a company similar to our last guest doordash but in a slightly different Arena off doordash, you're right. It's it's going to be a really interesting conversation as you alluded to Our Guest today is calling Crowley. He's the vice president of customer experience at freshly and they are in the food Tech space and and really kind of the most in their own category. There are Weekly subscription service that delivers fresh gluten-free healthy Chef prepared meals in these meals are fully cooked. So all people dead. Do is reheat and eat. So when you think of it as you alluded to on the Continuum of Home Delivery, it's it's between doordash and our friend and and last episodes gas Anastasia story back and change their idea of of fully cooked meals delivered from restaurants. And then on the other side is something like Blue Apron which delivers you the ingredients and then you cook it and colon has had an interesting path to Fred. He's actually a published playwright and he started his career in the world of National Security working for think tanks in Washington DC and then he transitioned a customer experience working for e-commerce ticket company called ticket Network before moving to Freshly and he's been in freshly for just about five years now and I'm excited to talk to him because he's built their customer experience and support team from basically scratched and not having over 220 people and along the way he's the complete infrastructure of the customer experience including all of the structures of the procedures and and really the culture such ad. As we get into this conversation with calling. What are you looking forward to learning from him? I'm looking forward to learning from his creativity, you know, Colin having his background as a playwright you think about our previous guest we've got a DJ a jazz musician right? One of our guests had a background in Theology, and and today we have someone with a theater background, so I'm really interested in learning about the process that I went through that must have been a very creative process and building the CX infrastructure at freshly. Yeah. Absolutely. There's going to be a lot to talk about he's got so much to share about how he approached building this infrastructure. So let's go ahead and let's get started. Welcome Colin. Thank you so much for joining us today. Thanks is great to be here. Yeah, man, we're looking forward to this conversation. So it would be great if we could start out by maybe just having you tell us a bit about your background and what brought you to Freshly. Sure. Yeah, I kind of came into the customer experience space through a backdoor route. You may say initially studied history and political science and school and then I focused on what school security studies Worth US National Security. So it's going to have my my life working for a think tank or something like that cuz I like writing and researching and so forth. So I was down in Washington DC area and then ended up moving back up to the New England area because I'm from Massachusetts originally and moved up to help some family and I kind of divorced myself from any of the world of think tanks and so forth. So I ended up getting a job at the commotion take a network. Would you like one of the major competitors to Stubhub in the event entertainment in the event ticketing space and they were looking for someone who would come in and essentially do an analysis of their customer support infrastructure commend changes that would put it more in line with industry best practices. And the reason the CEO chose me was because I had the the communication background and I also had experience with The theater World cuz I'm also produced playwright. So I was just in the throes of getting one of my Works produced and really kind of co-producing that so he liked the the the blend of the Arts and the operational Logistics aspect of things off. So we kind of took a chance on me. So to speak and I stepped into this role and really dug deep down and learned my way through the industry and started to build up a team there especially in a customer support team and taking Network that ended up being about 14 people at its height and that dealt with certain higher-end clientele and I did that for about six years and also dabbled in some product management and things of that nature but was there too I moved to Freshly five years ago. So soon after the company was founded and we moved our headquarters to New York City and we just got in our series a and there was there's one other person in Customer Support who's staying with us as our senior training manager, but there was just one person there answering phone calls web chats emails Etc. And I was basically tasked with building up the customer support infrastructure from the ground up and Thursday. Really intrigued with the company and the product and just the excitement of being able to be a part of a company at that very very early stage. So I spent my first year and half so really until late 2016 just building the infrastructure of the team so high and hiring great people and creating a performance evaluation system and creating policies and creating tracking mechanisms for everything from customer satisfaction to customer issues and a training system and basically everything that you need for an organization to run smoothly. And then since then we really taken off we're home starting from 2017. We went from New York to open up a separate contact center out in Arizona and then we moved from Arizona to add some people in Maryland. And then Maryland we moved to add some people abroad So currently we have about two hundred twenty people in our customer support organization across five locations three in the US and two separate offices in the Philippines the little detours here and there we did some experiments and some other locations like wage. Africa and India so now I spend most of my time focused on some more overarching strategic issues and a lot spent in the technology space. So RPA and Ai and things of that nature.

Vice President Of Customer Exp Colin Crowley Maryland Arizona Steve Chad. Twenty-Twenty National Security Washington Stubhub Fred United States New England Philippines Massachusetts New York City CEO New York
The skinny on meal delivery kits

Clark Howard Show

04:58 min | 8 months ago

The skinny on meal delivery kits

"Earlier this year. People who tended normally to eat out a lot have been eating home a lot more, and then as the months have gone on. People gravitated back to if they're not eating in restaurants to ordering takeout curbside delivery whatever. But that can get expensive in a time that a lot of people's incomes have really suffered. So there's something that was really hot back about twenty, seventeen, twenty eighteen, and that was meal kits and it was supposed to be the next great wave where you would. Get prepackaged containers with the the whole meals and then the step-by-step how to make them. See all the ingredients you know you had to do was cook them because they'd already prepared everything you need it. Well, it was like big hit at first and then amiss but these things are back. And doing stronger. Fact. Up Twenty thirty percent for a lot of these. And so. Consumer reports did a deep dive. On five of the very popular, most popular of the meal delivery kits. To see how nutritious they were, how easy they were to prepare how good the ingredients were and what it actually cost. To feed a family. And they found that these kits. varied. An price. Generally were very convenient. That the the kits typically had. Very good high-quality ingredients and the food tasted good. I mean consumer reports usually. Rights with a bit of a chip on his shoulder telling you what? The things that aren't that good was something. But they tended to. Like these kids. A pretty good amount. They were concerned with. The level of sodium. And a lot of the meals. But as a general rule, the meals were. Good to excellent is far as the kids. The Kit that overall. Consumer. Reports testers liked the best was home chef. The price per week one, And in every category. The user experience score was a five out of five I. Mean That's pretty awesome. and. So home chef was not the. But as a general rule, the calorie counts were very reasonable. And the variety of items, the vegetables, the grains. All of that very good There was one that was very expensive that also rated across all categories five for five and that Sun Basket where in the case of home chef hundred and seven bucks a week. Son Basket one, hundred and forty, four a week. Again the quality of the food. Good. The Calorie counts very reasonable. hellofresh. Hundred and one buck. So the cheaper so far of them. And did not get five out of five in all categories but did. Really. Well. Blue Apron. Cheaper yet. But The quality overall, the experience, not as good ingredients missing or damaged deliveries delayed A number of issues that people had using blue apron. And then the cheapest of all. was also more complicated to work with. Dennehy. Dinner Lee was sixty eight bucks a week, which was significantly cheaper than anyone else and people really liked the price points it but they found that it was more work to cook with the dinner kits and so if you look at that thing that people in marketing are always talking about the best overall value. Absolutely based on the consumer reports, testers and tasters and whatever else. Home Chef. When's the

Blue Apron LEE Sun Basket Dennehy
"blue apron" Discussed on Here & Now

Here & Now

01:44 min | 10 months ago

"blue apron" Discussed on Here & Now

"So even if you're being healthy, you don't feel like you're sacrificing anything in the process. So I have I have a question just out of curiosity and I'm sure that you have the answer although maybe not at your fingertips but I'll try anyway, what is the most popular recipe what are Americans into these days when it comes to Blue Apron. That's actually a very interesting question. So we are known for our burgers. the combination of the quality of the meat that we use as well as the the rest of these techniques were were big believers in not just giving you what you need in order to make something teaching you how to make it better and we definitely have some really great potato bonds that we. Back in as well, I will say it is interesting during the pandemic you're seeing a mix of people wanting to look at some comfort foods that you are seeing a lot of pastas, noodles, and that sort of thing. Then also a lot of people during the summer are very focused on health and so are fish dishes are some of the best dishes out there in it's one of those dishes where people feel really confident cooking fish. After using our box. So we're seeing an interesting split in our customers where. The comfort food side of the menu and the health side of the menu are getting a lot of love. In the process and what's the thing that probably will have to come off the menu because nobody wants it. Well, we try not to have too many of those things because we do collect quite a bit of data and we really focused on our customer reviews. We continue to adapt our recipes based on that but honestly, there's not many things on the menu that have to come off at this point because we're were pretty good about managing that based on customer reviews are our customers love our product and they also tell us when they don't.

Blue Apron
"blue apron" Discussed on Here & Now

Here & Now

01:53 min | 10 months ago

"blue apron" Discussed on Here & Now

"To a different ingredient that flexibility has worked well for us during the pandemic because we're able to manage to work with our suppliers to make sure. That we have minimal disruption in our supply chain. What we're particularly proud of is because of the quality of ingredients that we source, we have long standing relationships with suppliers and also audit them for the same safety and sanitation standards that we have in our facilities, which is extremely high, and so we're very confident that we're able to manage through that the fluctuations in supply chain without impacting the quality what we send that the customers. So we mentioned that you've seen a revenue growth this year especially as more people have been cooking at home during the pandemic. Do you think that your growth will sustain after life returns to normal which I assume at some point it will. Let's hope that it does return to listen as possible. What we're hearing from our customers what we're also seeing that third party research out there is that habits are changing. And what people have been doing during pandemic. I, cooking at home more etc. At least a third of people planned to continue to cook at home even more so than they did during the pandemic, even after things start to open up again, they started to see value in the connection with family and the the cost savings that comes from cooking at home, and so all the research points to the fact that people will continue to cook at home more after the pandemic even they did during the pandemic beforehand. So the meal Kit Industry is getting a busier as you know, you've got hellofresh played Sun Basket Purple Carrots just to name a few what do you have to do at Blue Apron to stand apart from the competition? So we feel very confident that one of our best assets is our culinary authority. So the reality is we constantly create new recipes. We have an in house team of culinary experts that really know how to layer flavor..

Blue Apron Kit Industry
"blue apron" Discussed on Spectacular Failures

Spectacular Failures

08:04 min | 11 months ago

"blue apron" Discussed on Spectacular Failures

"The big opportunity that we're going after we're tackling a huge market and we're focused on the long-term quite frankly and the stock price today whether it's up down left to right is really just the beginning of this new chapter. Chapter in our companies life that we're really excited. No sense of urgency. One Thing Solberg mentioned in that clip was how his company was tackling a huge market. Now, if you're defining the market as all the people who eat food in America then yeah. That's a huge market, but according to the good folks at Market Research Company packaged facts that market has a ceiling and not like a cathedral ceiling. Initially, the market was definitely expanding exponentially and I think that's where a lot of the interest initially came from. If you're seeing these companies that are having one hundred percent growth like that's really significant. That's Care Arash. She's a food and beverage analyst with package fats. One of the whole thing. Went wrong with the industry is people thought there was a very big addressable market for meal kits. But as it turns out there really isn't it's hard to gauge. But rash estimates that only about one percent of the US population uses home delivery meal kits, and she says the market kind of peaked two or three years ago. Since blueprint started more than one, hundred, fifty meal. Kit. Service says of come on the scene, but only about fifteen to twenty or national operations with hellofresh, now, the clear market leader. Remember when we said Amazon trademarked, it's meal kit back in two thousand, seventeen rash says the never did much with it, and that's a pretty good indicator. That meal kit delivery is not a growing global concern I. think that Jon saw that much of the market for meal kits had already been addressed by the competitors that were already there. So they didn't try really to break into that because they didn't see much potential for growth anymore, it seems like Amazon was right to hold off in two, thousand, seventeen, blue apron hemorrhage, two, hundred, fifty, thousand customers, and its stock price had tanked just two dollars, ninety, nine cents a share by the end of the year. And there were more problems within a month of the IPO CO founder Matt Wozniak stepped down as Coo Matt Salzburg than the CEO resigned his post shortly, thereafter, blueprints expensive brand spanking new fulfillment center in new. Jersey had a bunch of tech bugs needed to be worked out and workers from its California operation filed a class action lawsuit over alleged missing wages. Things were looking pretty grim for the ones hyped company. Welcome to trading nation. America. chummy. Let's take a look at what of last year's high. Profile. IPO's that's getting absolutely smote. We're. We're talking, of course about Blue Apron. The stock sinking as much as four percent on Friday by the two thousand, eighteen blue apron stock dipped below a dollar, a share, and the slide didn't seem to be letting up the following summer. The company tried to move meant to keep it from being booted from the stock. Exchange. It's called a reverse stock split and basically it means that the company bundled it shares. So you get a few were total number of shares, but each shares worth more leg trading in four quarters for a dollar. The move raised the company's stock price because customer still weren't flocking to blue. Apron's boxes. Now, this point I would have thrown in the towel, but non CEO, Linda Finley Kazlauskas. The company wouldn't make us lousy available for chat, but here she is last year on CNBC's squawk on the street, talking about how jazz she is about Blue Apron prospects, and our recipes are ingredients. Culinary Authority are brand recognition is by far still number one. So we feel confident that when we're talking to investors, they appreciate and understand that there's something here. It's really just about getting execution right and making sure that we're actually Catholic. Google. But also blue apron was thinking about getting down with strategic alternatives. Says Marketwatch's tiny Garcia strategic alternatives, which means a lot. Lot and nothing at the same time. Right? It's like saying I'm totally happy being single, but I'd be into dating of the right person came along. It's kind of like one of those things that companies will say when they're just like well, we'd be open to you know getting ought or partnership. If you're interested, you know kind of a thing in early twenty twenty, blue apron put the word out that it was interested in possibly getting scooped up maybe by big grocery chain or someone else with deep pockets who wanted to own a meal? Kit Delivery Business. At the same time Garcia says, the company acted like it was in turn around mode decided to streamline operations including shutting down its fulfillment center in Texas. It also did away with trying to shovel everyone who had ever eaten food into the top of its customer funnel. They've decided to focus on what they call their core customers, and these are people who aren't going to do a lot of people and use a coupon and get him for a month and then cancel their subscription. So at the same time, Blue Apron was looking to sell. It was also doubling down on its mission. These were last-gasp. It wanted to save itself. And then came the most unlikely lifeline. Anyone could think of a global pandemic, a highly contagious virus. The require those of us without essential jobs to practically never leave our houses online grocery delivery shot through the roof, and suddenly everyone remembered about this company. They heard about on a podcast at three years ago. The pandemic has been actually a bit of a good thing for them because it has wreath demand. Blue Apron sees a lot of potential in what the company is offering. especially given that more Americans seem to be interested in cooking at home. Thanks Corona if you're blueprint than. You're probably thinking. Well, if we do a good job, some of this will stick in the first quarter of twenty twenty when Corona virus brought America to a standstill blue apron customer orders were up a bit though they didn't spike like the markets hoped the company's still lost twenty million dollars. But that was a little better than the previous quarter on its first quarter earnings call twenty, twenty, the company's CEO and CFO, shook their pompoms. They were on an episode of cheer. But like the version that features slightly wouldn't corporate executives. So I think the combination of those thing Puts us in a good position going forward and and you know we can't. Specifically. Guide to what could happen in the second half of the year. Because of all the uncertainties you know, we do believe continue to be some positive Texas. We move key to the pandemic seems like gets given Blue Apron, a decent little boost in the second quarter of the company brought in twenty thousand more subscribers. But that's still way below where they were in two thousand nineteen. Nineteen. It's anyone's guess whether Blue Apron's specifically and meal kit delivery more generally are here to stay the Business Kiki. T Andrew founded in Sweden thirteen years ago is still delivering weekly meal fixings too busy sweets, and despite its own turbulence market leader hellofresh is still cranking out boxes and there's no shortage of small meal kit companies looking to fill Paleo or Vegan or regional cuisine niches. No one knows what the true impact of global pandemic will be on how we eat and where and when not yet. Anyway, grocery delivery seems like it's here to stay maybe high end restaurant. We'll also stick around in some form. It's hard to tell whether all those people who took up home cooking out of necessity will continue to bake crusty sour dough and whip up laboratories when we can all safely frequent our favorite local spots. Blue Apron is banking on a sea change in how? Americans. Eat. The company that were shopping for a buyer, just a month before the pandemic. It is now trying to turn a cataclysmic global event into a business saving opportunity one big blue box of food at a time. Failures is a production of American public media. It's written in hosted by me. World's most finicky eater Lauren over. vegan baking. Wizard Whitney. Jones is the.

Blue Apron CEO Market Research Company Amazon America IPO Kit Delivery Business Texas Solberg analyst CNBC US hellofresh Google Culinary Authority Marketwatch Jon
"blue apron" Discussed on Spectacular Failures

Spectacular Failures

07:23 min | 11 months ago

"blue apron" Discussed on Spectacular Failures

"Year by comparing quotes on their marketplace policy. Genius. When it comes to insurance, it's nice to get it right. Friends. I'm a huge fan of therapy, and if you're struggling with anxiety depression stress or grief in these uncertain times police, no, you are not alone better. Help offers online licensed professional counselors. All you gotTa do is fill out a questionnaire and get matched with counselor in under forty eight hours better. Help us an affordable option and our listeners get ten percent off their first month with the code. Spectacular. Get started today better. H E L P, dot com, slash spectacular. No story about Blue Apron could be called complete without sampling the product. So I ordered up a box and paid for it. Mind you. Okay. So I just got my blue apron box at my doorstep and when I picked it up. I cannot believe how heavy it was. When. The box arrived felt like Christmas, except better because the food wasn't mediocre and arranged shrink wrap basket. So let's crack into this box. Inside, there were two bunch of Kale, some loose onions and about a million tiny baggies of knickknacks including two tablespoons of Creme Fraiche, a quarter of a cup of Panko breadcrumbs and one teaspoon of something called for cocky which according to the Blue Apron recipe was supposed to quote, lend even more savory flavor to my dish. There's the tiniest the tiniest tiniest portion of Brown Rice I. Mean, this must be maybe half a cup. In a bag may be three times. The size I decided that it would be sad to cook these dishes by myself. So I, invited my girlfriend over to experience the magic of blue. Apron with me. You have a choice. Between meals tonight, already mostly because. I'm so hungry. Oh well, we have the choice of three dishes, but one of them has launched. Rosa's so no. Thank you, and other was like a spicy Indian situation and I was feeling kind of basic. So he chose the PESTO and Kale Pasta with goat cheese. This quick cooking pasta gets a one two punch of ears instable flavor from dollop of creamy goat cheese for delicious Tang, and our herb atias. Basil. pesto stirred into the warm pasta and Garlicky Kale just before serving by the way. That was roth. Basis a touch of crushed red pepper. Technically, we pick the easiest dish so. Things were going well until I dropped a garlic clove down the insinkerator on a know your hand. All after that near-catastrophe, we boil the fresh kava tally sauteed Kale with garlic red pepper flakes added the Pesto and the doll of goat cheese in Walla. Pasta. Sauce, you could, and I'm here to report. We need a damn fine meal. The Kale was tender crisp and very well seasoned. The convoy tally was perfectly L. Dante well-done. Hana. And the cheese added some good saltiness I would say we are perfectly satisfied diners, but wait, there's more we now. Practically. Nothing is everything came out repack. So. Really. We're only left with. Really is a couple of dishes, I? Don't underestimate that. But not everyone who's used blue apron, has appreciated that the company has gotten flack for its abundant packaging. Though, much of it is now recyclable and customers have complained that the recipes were too complicated. I made four Blue Apron meals for the story and for middling coke with a reasonable amount of cookware dishes are pretty simple to assemble. Also, pretty tasty. I would make every single one of those dishes again, but I do the shopping myself which I guess we're defeats the purpose. When I opened my first blue apron box, it was a novelty accord Akopian cardboard, but then I forgot to cancel my subscription. I got a second box by accident that one wasn't as exciting. By then I understood the Gimmick and the excitement of discovery kind of fizzled. In. This way I'm not too different from a lot of people who try blue Apron says Professor Dan. McCarthy discovery doesn't tend to last that long. There's a bunch of people they look at. Lebron as this in. It's like, I. WanNa kind of this surprise and delight every month and the promise that they may want that initially. But. After you've been surprised delighted a few times. He say you know. I'm pretty good I don't need any more of the surprise and delight. For. Blue Apron execs were like Do you need it and you want it and they believed in their products ability not just to continually delight to actually provide a valuable service to people and all that meant that in two thousand seventeen, the company had to work out its options, pack it in cell or go public, and the higher ups decided on going public. Now before offering a public stock in the company for the first time, Blue Apron wanted to show strong customer growth. So they started to amp up spending to bring a new users remember Caq the customer acquisition cost. In, the year before the IPO blue apron increased its marketing cash by. One hundred percent, but none of his marketing resulted in a huge new customer hall, and that says Forbes's Alex. Conrad made investors a little less in love with the company. It was hard to make a really attractive future facing story for how Apron really becomes that huge blue apron's books weren't the only thing that made investors turn up their noses around the IPO, a couple of weeks before the. Blue. Blue Apron team was set during the bell. The New York. Stock Exchange. Amazon. Made a little announcement. It was buying whole foods in a thirteen point, seven, billion dollar deal for blue. Apron. It was led getting upstaged at your own wedding by an impossibly rich, an infinitely more beautiful guest of a guest. When Amazon, acquisition of whole foods was announced. That was just devastating even just psychologically felt like. You know here come the giants and if Amazon can sell things to online really well, and whole foods has pretty good ingredients. What is Apron really selling here, and then of course, Amazon trademarked its own meal kit offering. Everyone was very concerned that basically this was going to be the next. You know I won't call Blue Apron aunt, but I would say everyone agree Amazon's way bigger. They were just GonNa. Boulder way right in and and stamp this industry out and so that that was a big lurking concern Blue Apron's IPO in the summer of twenty seventeen raised three, hundred, million dollars about a third of what the company anticipated. Stock went for about ten dollars a share rather than the expected fifteen to seventeen dollars, it was a turbulent IPO to say the least still blue apron co founder and CEO. Salzburg seemed pretty upbeat about the whole situation on CNBC. I'm honestly not here to really talk about the price of Lebron stock. That's really up to the investors to decide you know blue apron is here because we're excited about.

Blue Apron Amazon Lebron Kale giants Caq Creme Fraiche Rosa roth New York Salzburg McCarthy CNBC Forbes Conrad co founder
"blue apron" Discussed on Spectacular Failures

Spectacular Failures

01:58 min | 11 months ago

"blue apron" Discussed on Spectacular Failures

"blue apron" Discussed on Spectacular Failures

Spectacular Failures

08:16 min | 11 months ago

"blue apron" Discussed on Spectacular Failures

"For you. This American obsession with convenience around food and in particular, the magical home-cooked meal, minus the effort goes back to at least the late nineteenth century says, Culinary Historian Lower Shapiro. That was a particular brand of, Utopian, fiction began to emerge. The plot was sort of the same somebody is taking a walk. They get bunked on the head. When they wake up, it's five hundred years in the future and they're surrounded by all these strange looking creatures, and it's a whole different world and somebody takes them to dinner. They take them home to dinner, and it's a miracle dinner. The food just appeared with the press of a button or. Or the wave of an arm, and it was scrumptious and filling and most importantly back. Then digestible miracle food was Utopian Food and that has been a dream. I, think that is attached itself to the American dinner table for decades and decades not long after the emergence of this Utopian fiction dining actually did start to look like a miracle. You could buy vegetables can and chicken, and a can, and later full meals like spaghetti and meatballs and a can. Then, in the one, thousand, nine, hundred, km, the frozen Turkey dinner, just whack in the oven. impressed. Oh, a robbery SIMILAC, remove the real thing, but it was quick and clean cleanup was a breeze. Mother Murphy Lucky me my wife uses Watson TV. Turkey dinners, and make your husband lucky to get S-, Watson TV Turkey, dinners. It's Watson TD fried chicken dinners. Swanson TV beef dinners from Your Grocer's big when frozen fish sticks at the scene around the same time. Buddy, it was you toby fiction come to life master Chad eight Mrs. Paul's sticks with his fingers. Bow I'm thirty two. And I use a fork. Sometimes, Mrs Paul's stakes. You never stopped loving him. It was an immediate success. These deep fried frozen fish sticks that tasted not at all fish which meant. That people adored them. Obviously fish took off and the industry used that as an excuse to stick a FI. Chicken, eggplant Lima beans, whatever you could deep fry and freeze the packaged food industry. Tried it. The Post. War. Years also brought an explosion of fast and take-out meals, and now in the twenty first century, we can order just about any food. We want from some Vegan drumsticks to a prefix haute cuisine meal, just by pressing an APP all of these iterations of the Miracle Dinner. They aim at three longings that women have always had when they think about making dinner, they wanted to be effortless. They wanted to be delicious. and. They wanted to have the moral value of home cooking. The home cooking aspect of this is perhaps the most resonant. The thing that home cooking delivers that none of these other things do. Is that it satisfies I. Think what we all feel as the moral imperative to cook their search something that just doesn't click in when the thing comes in from outside, and this is a great thing for a company like Blue Apron because blue. Apron. Inches a little closer to that it. Just it gets you that much closer to feeling as though you have cooked this notice. Shapiro said feeling as though you cook something because for her what Blue Apron is doing despite all of its fresh ingredients chef inspired recipes is helping you assemble. They kinda fool you into thinking. You're cooking whereas real cooking hands on cooking. Knowledgeable cooking has to do with cooking day after day. Doesn't mean you're making fabulous elaborate meals day after day, even if it's the simplest possible thing that's cooking. Sure. Getting a dime bag of zitar. A thimble full of pepitas. Any literal tablespoon of sesame oil in your meal kit does have a somewhat infantilized effect. But in Blue Apron's early years, plenty of people were happy to have everything portioned out for them. But convincing potential customers that they wanted and needed service like that. That cost the company, some big cash in the form of free meals, tons of specials and endless advertising. Anyone who listen to podcasts in Twenty fifteen through two thousand eighteen is bound to have heard at least one disinterested podcast host a lackluster blue apron ad read. EMBIID speak all of this is known as the Caq or customer acquisition cost. What is supposed to be is the total amount of money that the company spent. On Marketing to acquire customers. Divided by the number of customers that they actually acquired that Stan McCarthy, he's a marketing professor at emory university's Business School, and he's study blue apron for years. McCarthy, says that in the early days, Blue Apron was spending about sixty seventy dollars per customer. But then as people came and went blue apron had to spend more and more money to get new customers on board, the customer acquisition cost just kept creeping. Creeping up and up and up until it nearly doubled, and you can imagine if you're spending one hundred twenty just to bring somebody in when you talk about the amount of profit that you need after that to to break even on that customer, that's a tougher proposition, the more money blue apron spent the harder was to recoup the investment which brings us to the second problem preventing customers from Bolton. Company has spent all that money to bring them in. How. Many customers stick around is measured by a really important metric called churn rate. The Churn rate tells you the rate at which customers come into and spin out of the business. If you're spending a lot of cash to land new customers and they don't stick around long enough to make any money off them, you have high customer acquisition costs and a high churn rate. That's where Blue Apron found itself, and even the most basic cooking Dodo could tell you. That's a gourmet recipe for losing a lot of money. Are, Powell Dr, green use Blue Apron for about a year, which is way longer than most of its customers stuck around. Yes. About half the people were turning out in a month. By six months about seventy percent of their customers were turning out, they just weren't weren't able to keep those customers for as long as they. They should despite Blue Apron's early success and Growth One nut, the company has never been able to crack is how to stop that outflow? How do you get people to subscribe and stay subscribe at least long enough to make profit off of them? It's a puzzle, but despite its high churn rate blue apron was still the market leader, it had gone slight jump start on rival hellofresh and we're starting to look real sexy too big investors. They were the eight hundred pound gorillas and even though the space itself. Wasn't that that large at the time? It was still something like five billion dollars in growing really quickly on its face business seem booming, but the whole meal can't market was on the cusp of a shakeup. In twenty seventeen grocery chain Albertsons Kroger each picked off competing meal kit companies. Then another blue apron, rival shaft abruptly shut down and laid off all its employees only to be bought a week later. and. So Blue Apron was at a crossroads says Alex Conrad for startups, the most common exits are. You fail you go public or you got bought those are really the only traditional outcomes and so for the companies that didn't fail, they were going to have to go public someday or self like that. That's that's just the reality. So Blue Apron had three choices. It in cell or go public. We're going to take a quick break when we come back, join me in my outdated Condo kitchen as I whip up some delicious blue apron meals, and we explain how the really terrible corona virus was also a little big good for blue apron plus we as into meal Kit Crystal Ball to see what the future might hold spoiler. The future is delicious..

Blue Apron Lower Shapiro Mother Murphy Watson robbery Bolton Caq Stan McCarthy Mrs. Paul Chad Alex Conrad emory university professor Business School
"blue apron" Discussed on Spectacular Failures

Spectacular Failures

07:25 min | 11 months ago

"blue apron" Discussed on Spectacular Failures

"To revolutionize Americans eight. It was going to gently pull us away from our takeout in our TV dinners and nudge us back into the kitchen, and for awhile it worked until it didn't an Americans, returned to the warm embrace of their boxed Mac and cheese and takeout pad. Thai. Obviously a home cooking revolution didn't materialize. Or did it. The novel Corona Virus has forced many of us to become intimately acquainted with our casserole dishes are garlic presses and our Dutch ovens. We made banana bread by the pallet and sour dough starter by the ton, we learned how to see your steaks and spatchcock chickens and all manner of gruesome carnivorous techniques in short boy. Did we ever cook? All this cookie at home created a make or break moment for. Blue. Apron. But it wasn't supposed to be like that. Just a few years ago. The company was valued at two billion dollars. Now, it was barely hanging on its fingernails. It's only lifeline a global health crisis, the required. So many of us to shelter in place for months and avoid trips to the grocery store. I'm Lauren. Over and from American public media. Welcome to the new season of spectacular failures. The show that always says the hell out of failure. Legend has it that the idea for Blue Apron began with an Argentinean steak. There are these two guys, Matt Salzburg and Ilia Pompous, and they were clever tech entrepreneur types full of ideas. Salzburg. Had an MBA from Harvard and cut his teeth in a big, New, York, venture capital firm. Papas was a go getter software engineer. They met at a networking happy hour and decided to go into business together. But what kind of business? Their original idea is not meal kits? It is more of a research crowdfunding idea called Petri dish. That's Alex Conrad. He's a senior editor Forbes. He wrote about the founders in two thousand, fifteen petri dish wasn't the pairs only startup idea i. think another one we highlighted in article was worby Parker for strong. Don't even understand I. You know company. A high end, but also affordable stroller experience. Yeah. So those two start ideas, a kickstarter for science experiments and a worby Parker for strollers were non starters for the pair. But then over grilled meat, it hit them Salzburg and Pappas doing dinner and they're struggling to make Argentinian steaks. On a borrowed grill and they're like. Wouldn't it be great if there's a service basically for amateurs us, in fact, there was, but it was in Sweden. In two, thousand, seven, a woman named Kiki stander created a company called me thus did that translates into dinner piece in English? Let me see if I can pronounce this. Right Me dos great that that's pretty good. deandre wanted to solve the vexing nightly problem that families around the world face. What are we having for dinner? Because the answer can always be ice cream people started talking about hell our. The our between five and six when you have to run to the grocery store and and fight with your spouse about who's cooking tonight, what are we having that? Right? There is the spirit of entrepreneurship I. Think the question is, then is this a legitimately huge problem and is this a problem that a lot of people have as well? For. Salzburg, in pop is the answer to both of those questions was an enthusiastic. Yes. Now at this point, it was twenty twelve anti anders. Company had been around for five years and was growing steadily. It had a few competitors in Europe, but in the US nothing of the sort existed, which was great for Salzburg, pompous, and so they think, hey, we can start our own company for the US market called part and Parsley to be clear. That's a terrible name in very quickly. They changed it to blue apron named for what French apprentice chefs wear in the kitchen. At almost the exact same time, a Harvard classmate of Salzburg's began a rival meal kit company called played it, but Salzburg and Papas weren't worried because they had brought on A. Ringer. Matt. Wozniak a chef with a degree from the prestigious culinary, Institute of America and Wozniak was the guy that was gonna make their business stand apart from its rivals Wozniak would basically go and source the ingredients farmers would say, okay. We would love to lock in these large extra orders at a scale that is very attractive to us many thousands of ingredients. When he was in his food world that was a differentiator and great for Blue Apron, not only did design the menus and source the products, but he also served as the social media face of the company he was. Blue. Apron's culinary secret weapon and did a series of early youtube videos showcasing his know how here he is trying to convince us that are chokes aren't vile. Everybody likes to choose their crazy. Crazy, what do you do with them? They're tough there spiny, they're all over the place. They're kind of confusing a lot of times. People just don't cook them because they don't understand how to cook them. So many cuts into some truly revolting artichokes and proceeds to make my worst dining nightmare get in there with a spoon scoop out that really, Harry. Choke Interior and the reason why they call it the. is because if you eat this, you're gonNA choke. It's full of little fibers in. It's like a fish bone in the early days. All the founders had to hustle like this before they had staff Salzburg, pompous and Wozniak. Packing up boxes and a small kitchen in Long Island City New York. Then seemingly out of nowhere, the company landed some sweet venture capital to the tune of three million dollars. Things are looking good for the startup within the first few years, the business took off in. In two thousand, fourteen blue apron was shipping six, hundred thousand meals a month by two, thousand sixteen. It was eight million meals and a billion dollars in revenue within just five years of its founding the company employed forty, five hundred people and was valued at nearly two billion dollars. Blue Apron looked like it was on the express train to successful who apron seemed to be sort of the buzzy is the biggest market share the leader in this emerging category, which included hellofresh Sun Basket and. And about a million companies with the word chef in the name. Then I actually tried the products and it seemed at least to me personally, just someone testing the products that blue apron overall kind of had the experience that resonated. The most me I thought might resonate the most with Americans. Now, the thing about Americans is we love products that claim to make our lives easier more convenient, less of a hassle, and that's exactly what blue. Apron was doing. It was saying, Hey, working mom. Mom We know you have a lot on your plate ll we WANNA help you cook nutritious and delicious meals for your family without the hassle of going to the grocery store or reading a cookbook. But it was also saying, Hey, millennial, we know your work hard play hard, eat sloppy takeout at nine pm kind of person. But we also know the you'd love to cook if only it wasn't such a time consuming pain in the ASS. So we'RE GONNA make it super convenient.

Salzburg Apron Blue Apron Matt Salzburg Wozniak Harvard Papas Mac worby Parker US Sweden Kiki stander Ilia Pompous Alex Conrad Europe York senior editor
The Coronavirus Pandemic Hurts Some Industries, Benefits Others

NPR's Business Story of the Day

02:43 min | 1 year ago

The Coronavirus Pandemic Hurts Some Industries, Benefits Others

"Many industries are furloughing or firing workers. But some are hiring. Npr's Alina Seljuk has the story. Despite all the shutdowns and lockdowns Americans still need food and medicine and that means some companies are actually hiring at least temporarily supermarkets like Kroger and Albertsons Pharmacies Lake CVs and walgreens and retail giants like Amazon and Walmart. Not only are we not laying off? People were actually position. We're going to be hiring additional one hundred fifty thousand new associates. That's executive Dan Bartlett last week announcing a major hiring push promising to get some people into new jobs in a matter of hours. Amazon has a similar plan to hire one hundred thousand new delivery and warehouse workers in the next few weeks to keep up with a big spike in online shopping papa. John's and domino's are hiring thousands of cooks managers drivers same at meal. Kit companies like Blue Apron and grocery delivery platforms like shipped and INSTA- cart with it wants to sign on up to three hundred thousand delivery GIG workers more than doubling its contract workforce or in transportation logistics for example. Hiring is actually up seven percent a month over month from March thirteenth. Daniel Joe is a senior economist at the jobs and recruiting website glass door. He says those transportation numbers account for new hires at warehouses of all kinds including retail and new jobs are being posted by local governments and healthcare organizations basically call center workers or front desk associates. These are folks who are helping to field questions. Some of the companies that are adding new jobs including Amazon. Instant card have faced criticism from their current workers who want protective gear hazard pay and broader access to paid sick leave still. These new jobs are an option for many workers who find themselves suddenly unemployed because of Corona virus and the companies that are hiring specifically targeting. Them you can imagine not. There's an awful lot of people who have lost their normal livelihoods and are desperate to generate some income to support their family. Ruth Milkman is a professor of sociology and Labour Studies at the City University of New York. The whole point of paid sick leave is to not force workers to have to choose between their livelihood and their house or the health of their kids. But these workers are going to be put in that position. She says the jobs that are growing fast. Many of them are our leave with limited benefits and pay and of course they're risky because they involve interacting with other people while most of the country is asked to stay at home and isolate a reminder that in times of crisis some of the lowest paid jobs become essential

Amazon Ruth Milkman Alina Seljuk Daniel Joe Albertsons Pharmacies Lake Kroger Dan Bartlett NPR Walgreens City University Of New York Blue Apron Walmart Senior Economist Insta Executive Domino John Professor Of Sociology
Taking Stock in a Stimulus

MarketFoolery

09:17 min | 1 year ago

Taking Stock in a Stimulus

"Twenty me is motley fool contributor. Dan Klein Dan joining us from Florida. I'm at my home in Virginia. Dan How are you doing well? I was supposed to be in the office all week but this is the next best thing. Dan. I was supposed to be in the office all week. These circumstances are unusual. But thank you for having me on. The circumstances are in fact unusual. And it's great to have you on so let's get right to it. The Dow down around six percent at the time of our taping so a familiar familiar story and Dan. This is all playing out. As Congress debates a trillion dollar stimulus now that stimulus would include relief for small business and relief for some industries as well as well as direct cash payments to Americans. What do you think a stimulus means for business? And what do you think it means for investors I think for business creates a backstop. It sort of says okay. I'm GonNa have whether it's alone to draw on the ability to not run out of money at least in the next six weeks for investors it gives you a little bit more confidence in riding this out. I mean look we can see who the winners and losers are right now but we also know that some companies that are going to be losers. Remain really strong companies. I've talked about this before but take starbucks. They're gonNA take a huge sales hit but they're still a great company. So can they pay employees? Earn all this. A stimulus will help that. And part of the discussion of the stimulus is sending every American somewhere between one thousand in two thousand dollars with some income testing. And I have to say I have mixed feelings about that because you and I were still working and in fact I would argue that for me. There's more opportunity to make money right now for very unfortunate reasons so I don't want to check for the government. I want it to go to the people who work in the restaurants. I go to the stores. I shop at Not Someone who's able to keep working through the crisis and so along those lines Dan. I know one of the suggestions that you made. An industry focused one of our other podcast. Yesterday is with some of those restaurants that we frequent if we can't go there in person or if they're losing our business that one thing you can do right now is you can buy gift cards. Yeah I mean we've still been doing takeout. My building has set up. Takeout can be dropped off like sort of in the front of the building with no human contact. You go down to it. You know you can wipe off the containers if you're worried about that because you can't leave it at my door. 'cause delivery people aren't allowed past the lobby and yeah you could buy gift cards. I mean look. I'm going to call the person who cuts my hair and offered to pay for three in advance. I mean you need to help the people in your world keep going and Dan. Let's talk about a business. That is really really struggling. Boeing shares of Boeing down around seventeen percent. At the time of our taping. Now Boeing has lost around two thirds of its value this year and I apologize for our dog barking in the background. But that is appropriate for the Boeing Story. Now the reports that Boeing maybe asking the government for as much as sixty billion in assistance. What do you think the future? Looks like for Boeing. Have very mixed feelings about this? Because Boeing has not been accompanied they've managed for shareholders not employees not to run the business. So I would want any bailout to look like the auto industry bailout. Where it's the government takes a stake in it at the company can may buy back at a higher price. This should be loans on the other hand. Tens of thousands of people work there. And it's a backbone part of the US industry. We need to be able to manufacture airplanes. That's important so I do think that we should save Boeing but we should demand some changes in how it's run just like we did with the auto industry and let's move on to retail a a really entering story here with Walmart today shares of Walmart hitting an all time high so we have so many retailer struggling. We have a lot of big retailers that have closed their stores. Apple macy's Nordstrom again. Dan Walmart hitting a new all-time high. I think we're seeing the investments Walmart made in being on channel really paying off. They didn't have to change to offer. Curbside pickup dated invested in curbside pickup. They didn't need to build out a supply chain to deliver. They already had it. So there are some items shortages just like Amazon is experiencing runs on toilet paper and some other things but I know here in Florida if you go to Walmart which admittedly. I haven't done it a few days but I did over the weekend. Walmart had most things. They've spent billions of dollars and there was a lot of debate within Walmart. Whether that was money well spent and now. It's very clear that however consumers are able to get stuff walmart is capable of getting it to the way and the same could be said of target could be set of Amazon. These are the companies that are winning because they have what people need could adjust their supply chain to have more water toilet paper rice. Whatever it is people want. And that's going to take a few days but shortages are going to abate and that's a testament to how well this company has been built and when you talk about companies that are winning. I want to kind of flip that and ask you win. All of this shakes out. What do you think are some retailers? That might have a hard time bouncing back. Yeah so I think if we look at any sort of bailout you need to look at whether the company was successful in the first place. I don't want to spend a dime bailing out a JC penney or pure one or even bed bath and beyond sears definitely because these were companies living on borrowed time. Anyway I mean of all of those I think. Jc Penney had a tiny percent chance of turning things around but these are companies with very little cash on hand that needs to make major changes and don't really have the ability to do that so I don't think at the end of this. Any of those four will exist but I also would have told you that if if I had to bet if they still exist in two thousand twenty one. I'd say probably know anyway. So it to us very unfortunate language. This is going to cause the sick to die faster and Dan. Let's talk about a company that is having a really really good day. Shares of Blue Apron. Have more than doubled today. Yes that is today now. Blue Apron delivers meal kits. So you can make your meals at home. Blue Apron was struggling before the Kroto virus and at one point was exploring strategic options. There is speculation that they might have to sell Dan. When you look at companies like Blue Blue Apron do you think there will be a real change in consumer behaviour over the long term of change that could revive blue prints business so I think there will be a mild change? I talked about this a little bit with Emily on industry focus yesterday. I think there's going to be some people like my mother who are somewhat tech savvy but hadn't used services like Insta- card or Grub that are going to get exposed to them and they might become occasionally users after do I think consumers are gonNA stop eating out and stop shopping for their own groceries in favor of massively buying blue apron as they might be doing right now. No but in the short term I think they are going to add new customers and of those become occasional customers and if they can back some money and pay off some debt and being a better financial position they can slowly grow their user base so this might be a blessing in disguise where they can maybe add a ten twenty percent users for the long term but also sort of do blockbuster business right now so again. I don't think that you know we're not going to eat once. This is over but this is good news for a company that was right on the edge of disaster. Dan One of the things that I loved a breeding was a story. You wrote about whole foods and it just reminded me that there are some retailers taking some real creative approaches to this crisis wholefoods opening its. Us stores an hour earlier to customers over the age of sixty and a lot of local regional grocers are doing the same thing you're going to see Walmart and target. Do the same thing what they're doing is they're opening an hour early at whole foods to let people sixty and over into the store at a time where the they won't be around. Young people. They'll be less chance of them. Contracting Corona virus. It will also let older people shop at a time where they're not fighting with perhaps more able bodied people for the same goods. Whole Foods is also closing two hours earlier and that's the facilitate restocking the shelves. Now they're still going to be open for pickup orders. They're still going to be delivering Amazon prime orders during those those hours. But they're going to take the time to make sure that when they open in the morning. Everything has been put on the shelves from the back room that they're well positioned. There's really no reason to be open late hours. People are available. They don't have any place to go. And I think you're gonNA see more and more retailers adjusting and sort of doing these smart things now. They haven't said if they're going to verify whether you're sixty years old I'm guessing this is the honor system but this does seem like a very smart thing and no putting on a wig or doing anything you know putting a little grey in your hair like. Let's let's keep this honest

Dan Klein Dan Walmart Boeing Blue Apron Dan Walmart Amazon Blue Blue Apron Whole Foods Florida Virginia Starbucks Congress United States Jc Penney Apple
A Good Day for Garmin

MarketFoolery

01:39 min | 1 year ago

A Good Day for Garmin

"A good day for Garmin shares of garment up more than seven percent on earnings at the time of our taping this stock hitting a twelve year high now garment all about. Gps technology. Bill back in the day. I thought of Garmon as basically your car. Divisor your boat or somebody's boat. Not our boat characterized as much more of a fitness device maker. What do you make of garment? Well so when you think about Garmon you really have thought of it. As being auto abode. Gps Avionics they really are becoming more and more of fitness company Thirty four percent growth their fitness in their fitness division the firing on all cylinders except for auto which is which is dropping and becoming a smaller and smaller part of the business. So really really doing. Well I'm having a good chuckle right now because I when I was prepping the story I had the opposite read as you might think of garment as just as a fitness tracker comedy no auto and Marine and aviation devices. Do that's hilarious? So that's a generational. Divide there but I agree. I think Garmin hasn't really great mark. It's been great for them. I would just caveat all of this you know. Great earnings revenues nearly at four billion dollars. So it's a big company than you might assume I will just say it's a naturally lumpy business. We we see a lot of excitement over new devices and new products especially fitness category. So really good gear really good quarter for fitness devices for Garmin. There's no reason to think that will stop. But there's also no reason to assume that it will continue forever.

Garmin Garmon Gps Avionics Bill
How Blue Apron Became a Massive $2 Billion Disaster

Squawk Pod

05:09 min | 1 year ago

How Blue Apron Became a Massive $2 Billion Disaster

"Squawk pod president. Trump's Day of pardons and commutations clemency for former Illinois Governor Blagojevich. And if you're asking me what my party affiliation is. I'm a trump credit and junk bond king. Mike Milkin we hear from Jim. Stewart the journalist who wrote the book on the nineteen eighties insider trading scandals. These particular Crohn's did create tremendous amount of collateral damage. The nation's top antitrust enforcer making delver hime on the controversial sprint t mobile merger. This is serious stuff. This affects the economy. It affects millions of jobs and the corona virus outbreak hitting small business one Amazon seller with factories in China. We really expect the disruption to Be hitting US hardest actually next month in March and April. Those stories plus some birthday celebrations. Where are the fireworks and balloons? They got nothing I asked for those. I'm CNBC producer. Katie creamer it's Wednesday. February nineteenth twenty twenty. Squawk pod begins right now standbys. Joe In three she one of my good morning and welcome the squawk box here and I live from stage in the star of stage and screen. Kelly is with us this morning. We are live from the Nasdaq market site in Times Square. You still on the exchange later. Are you still doing? I have done the exchange and we tried to keep the warm. I'm Joe Kernan. That's interesting we both done. The Exchange Kelly Evans is the star of the essential here today. Because Becky is off But just for today and then you got a long day not that not that long and join us for the next two hours. Liz Young probably has a long day. You have to go to work if there's going down. And you're directing all markets really and you're directing all market strategy. Advan y Mellon that takes time dow down. That's traveling salesperson. Okay that's all right too big client or something a few of them. Yeah who'll be there till Friday so you'll be there you can close the deal. Is that what you do you know how to do that? I guess I'm GonNa try stockbroker you know how you got to ask alternative choice questions. You'd like to buy this better for you and I like that. I can answer alternative of choice. Quite you do show. She doesn't get on a plane unless there's money to be new but you do everything you do should be closing though you should close more. You should be closing. I'm close did you see. What is it close? Gary you are. You couldn't stay away yesterday. Called in you had to go to news it was. It was actually did that work but I appeal for your vacation. Day since you essentially worked yesterday and you did not have the day off on the same emails that was you didn't get it. Thank you for your half day. I hadn't even thought about very good idea. Who's a very good idea to comfortable with this calling in? Yeah Yeah our colleagues at some other places as is it. One hundred and eighty. Well you gotTA stand at the end of city one hundred eighty days. If you're going to have. Could you eighteen the tax rate? Would you come clean or would you pretend that you're here? Would you let him pretend Bingo? I WanNa tell you about chairs of Blue Apron because they are swinging wildly after yesterday's close. Here's tapping here's what happened. Rather the company said it is exploring strategic options. That's usually euphemism for yet. Just putting itself on the Block. Basically the company coming up that announcement coming after its fourth quarter. Report showed ninety four million dollars in sales and a net loss of nearly twenty two million dollars. Customers fell from five hundred fifty seven thousand twenty eighteen to three hundred fifty one thousand by the end of two thousand. Nineteen the meal kit to deliver service. That it's considering merging with other companies and raising more money stock initially surged twelve percent. But now I can see that stock is now off eight percent. And that's what happens when you push up your sales through marketing. They were spending spending. But here's what blows me away. I get advertisements for new meal kit companies. I don't know about all the time ones. I've never even heard of anybody getting into this business. I don't know I've never used it and use it here and there but basically what I get a free week or something in and those big cards in the mail. There's a new one every week. I don't know who thinks that they're gonNA be able to make money if the biggest one in the industry could make your point Andrew unless they were constantly marketing from direct to consumer come. They're all realizing. Oh my gosh. If we don't plaster the entire world with ads constantly on every podcast any maybe we should get him on the spot. If some more if I do a meal kit it's going to be neutra systems can just. That's a different different kinds of things. The Diet Kim died Kim. But I'm saying if I ever were for men right. There's a different one for men. I think. Yes has more calories. I see guys get really thin on TV. I've watched you've seen that I have. They ever has lot. Does it work do you

Kelly Evans Katie Creamer Governor Blagojevich Gary Andrew Joe Kernan Crohn Donald Trump Illinois KIM Cnbc President Trump Stewart Mike Milkin Amazon Liz Young Becky China Blue Apron
Meal-kit company Blue Apron considers selling itself

Bloomberg Markets

00:17 sec | 1 year ago

Meal-kit company Blue Apron considers selling itself

"Milk a company blue apron said it's considering strategic options to rekindle its business that includes raising capital or selling assets blue apron outlined a plan in August to turn around its fortunes and return to growth the company said it will focus on selling meal kits to more affluent

Blue Apron Eyes Options Including a Sale

Bloomberg Daybreak: Asia

00:16 sec | 1 year ago

Blue Apron Eyes Options Including a Sale

"After the bell here in the states blue apron said it's evaluating a range of strategic options on this list a business combination maybe want to raise capital could sell the company or some assets or maybe it's a combination of all of the above that from blue apron

Why Stitch Fix Stock Popped 10% This Morning

MarketFoolery

06:11 min | 1 year ago

Why Stitch Fix Stock Popped 10% This Morning

"We're going to start with a start with stitch fix which was expected to post a loss in the first quarter and instead the online clothing styling service broke even and I guess that was good enough because it's fix shares are up about ten percent. Yeah yeah people are really excited. I think That break even point is always sort of like a inflection point for companies and anytime you had earlier than expected. It's obviously obviously going to be positive. But there is a lot to be excited about in this quarter then. So what in particular did you see that because this is not a company where you have a particularly flamboyant CEO coming out making pronouncements about profitability from now until the end of time. No definitely not but I think when you look at their key metrics tricks so active client count was about three point. Four million which is up seventeen percent year over year Net Revenue Increase Twenty one percent year over year in the quarter so Just comparing those two metrics new clients are continuing to spend at an increasing pace. which is good You mentioned the break even point. They also have gain gain traction with a couple of different initiatives so the first was that they've now started selling clothing on the website and through the mobile APP independent of what comes in the fixed so When they first I came public this was sort of a Unmentionable thing I think people asked about it but they were not really interested. Didn't WanNA talk about it. And we've seen them sort of move directionally in this way with adding extras and things like that. But now they have what they call shop. Your looks option so this was rolled out to about a third of US women's clients. It's and they plan to roll it out to the rest of US women by the end of fiscal year. Twenty twenty so It's still a curated selection of about thirty to forty items but they a stitch fix believes that this allows them to capture Another part of Wallet share that they haven't been able to get out so The example that they gave shoes handbags and accessories are only ten percent of a typical fix revenue. But about twenty percent of this shop. Your looks so that was positive Also introduced a shop. Your shop new colors. There's option for all adult. US This is things that clients have previously by that they can buy a new colors new prince new sizes etc so a lot of positive attraction in terms of initiatives going forward. I have to say the the seventeen percent growth year over year is pretty impressive. When you consider that as stitch fix continues to grow ro like any business once you're growing off a bigger customer base? Then obviously that type of growth becomes more meaningful. What do you think? Think of the stock itself because this is just in the in this calendar year and in the time that stitch fix has been public this has been a stock that has visited resited multiple multiple spots. Certainly if you got an early on statistics you're you're up nicely and at various points depending on when you bought bought it You know you may also be up. Do you look at it right now as a reasonably priced stock fair question. I think when they first came public it was sort of Right as blue apron was exploding. There's a lot of pessimism about generally box subscription companies I think the market has always had sort of a hard time classifying stitch fix so They think of themselves as technology company operating within the retail space and the market has always priced them earn originally only thought of them as a as a retail company and. They got sort of slammed for that. I would say right as it came public And then there's sort of this reckoning and they became this technology the company they have a very prominent. CEO Katrina Lake I think you know they got maybe ahead of themselves evaluation perspective so The the numbers had run up. There was a lot of expectations. I think Estimating the total addressable market. How many people are actually going to use? This has always been an issue for this company. I think analysts just really haven't pin down exactly who they're targeting here But again the seventeen percent year over year on a bigger base. That's that's amazing. So It's not necessarily something that I can say for. Sure that I have a great or more accurate projection than anyone else on. But I remain interested. I think at this price. I think it's a stock to watch fisher. It's interesting because you know we talk from time to time about Wall Street analysts and certainly we have analysts here here in the building you being one of them but you touched on something that I think is is one of those things that I think is easy for everyday investors to who dismiss but it actually ends up being slightly more important than it's given credit for and that is what is the story of business business is trying to tell about itself and you're absolutely right. That's Tich Vicks. You know. Unfortunately for them they got caught up in the timing of Blue Apron and you mentioned mentioned the word subscription which is a word. They always bristled against they have a I think one time An article was published on fool dot com. Where the sub-headline included the word subscription and we immediately got an email from one of their pr people that were not a subscription service? And but but but to your point. It's they're they're trying to do something different and all credit to them for doing that and one of the challenges that comes with that is it. It makes it a little bit harder to explain who you are and what you're actually doing. And as you point out what the addressable market is right. I mean it's from that perspective. It's interesting too because that's when they first came public people were like this is never going to work People don't want this quote unquote subscription. You'll make that trend. But you know people don't want these boxes and I think the tide has shifted to the entire opposite end of the spectrum. which is that People do want this and there's so many competitors and why will it be you and so you know especially with Amazon Amazon entrance into this market. I think you've just seen them sort of really struggle with like pretty much every competitive force out there so I think it's an interesting company to follow. Follow I think Katrina Lake is a really inspiring leader and I think the story remains to be in an early

Blue Apron United States Twenty Twenty Amazon CEO Ceo Katrina Lake Katrina Lake Tich Vicks Seventeen Percent Ten Percent Twenty One Percent Twenty Percent
Meal-Kit Startup Plated Shipped its Last Kit Yesterday

Business Wars Daily

02:41 min | 1 year ago

Meal-Kit Startup Plated Shipped its Last Kit Yesterday

"Ah from wondering I'm David Brown. And this is business worse daily on this Wednesday November twenty seventh. If prepping for tomorrow's big meal is making you think twice about all that time in the kitchen. Maybe it's finally time to try out one of those meal Kit Services you've been hearing about but you now have one fewer service to choose from the meal kit brand plated shipped its last meal yesterday. Supermarket conglomerate Albertson's switch owns plated is taking it in house as a private label line. So what happened then. Whose left standing the meal kit business which used I used to get a ton of buzz not to mention Silicon Valley? VC money has proved much harder to operate than originally thought as we've discussed before the challenges are rife. It's hard to get people to subscribe in once. Subscribe to keep them. The logistics of shipping. Fresh ingredients aren't simple either. In many cases keeping that food fresh rush seems to require an inordinate amount of packaging which environmentally concerned customers object to. And then there's the planning with the meal Kit Service you have to plan in advance which doesn't solve one of the most common problems people have with cooking namely getting to five o'clock and saying what on Earth should we have for dinner tonight but but don't be mistaken. The meal kit businesses still growing is just growing elsewhere namely some big grocery chains after Blue Apron and other startups birth. The meal Kit Market Grocers rushed in now not only albertson's but Kroger Walmart Amazon and even the drugstore chain walgreens all offer meal kits and they have at least two competitive advantages over the blue. Apron's of the World I. You can buy a kit for tonight's dinner on impulse second you don't have to sign up for a pricey ongoing subscription to get it but even supermarkets haven't quite cracked the meal Kit Code consider Albertson's which acquired played for two two hundred million back in two thousand seventeen. It planned to roll out plated meal kits to hundreds of stores but scaled back those plans to just a few test stores in North Carolina earlier of this year according to supermarket trade publication wind site grocery business over time Albertson's found that the economics of the subscription business just didn't work but apparently the supermarket located meal. Kit Plan wasn't sizzling either. Now the grocery chain is building played into what it calls a more comprehensive in house culinary brand will have to wait until twenty twenty to see what that will look like in the meantime Blue Apron which went

Albertson Kit Services Kit Market Grocers Blue Apron David Brown North Carolina Amazon
Postmates CEO Addresses Rumors of a Possible Sale

Equity

02:28 min | 2 years ago

Postmates CEO Addresses Rumors of a Possible Sale

"We're going to start with what we're calling the I._P._O.. Update and I think I'M GONNA kick this off by talking a little bit about post mates one of the I dunno better known delivery companies I would say and but one that hasn't made as much noise lately as ubereats or door dash but one thing that <hes> equity listeners I'm sure members that posts has filed privately to go public and so when in a post meets the Boston showed up at the Fortune Event Kate what was the name of the Fortune Event Fortune Brain Fortune brainstorm. I think he was there and he gave an interview and he was talking about two things that are relevant our interest one is the I._P._O.. which he says is still you know they still want to do that? So it's on on the table is still and also he answered questions about some of the rumors swirling around concerning maybe selling bits instead of going public and I just wanted to kind of summarize summarize what he said and I hope I get this right but effectively he said you know when you are setting your company up to go public. You often get a lot of inbound and that comment was interesting because it points out that at least as he phrased it posts wasn't going to sell itself people weren't said coming to wit trying to buy and that's it. Might you kate a position of strength as opposed to one of weakness. Does that make sense yeah I mean it's not a bad place to be to have offers coming in for acquisitions. I'm kind of curious. <hes> a what those offers look like be how seriously offers were and see why post meets <hes> wouldn't take an acquisition offer because I think I mean I'm a bit skeptical how successful of an I._P._O.. Post mates can have at this point just given I mean not only like the the legacy of Blue Apron but also just how much uber has struggled and food delivery companies don't really have the reputation of of managing to scale and continue to have success. I feel like it wouldn't be the worst thing for post meets to sell. What do you think well? It just depends a a what price and and you know. I'm dying to see the one because I've I've heard that like what you just said. I've also heard that things are better than I think. I've also heard that some companies in the sector have Martin's that are terrifying so I feel like I don't have enough pieces to construct the puzzle but Bostian E._S._p._N.. or Bosnia's he goes by on twitter did say that his company was growing faster than Uber eats in Grub so at least well you know maybe you don't presenters basis. I don't know but I thought that was interesting and we can leave it there. I just wanted to kind of bring it up as a flag Mike for Everyone because eventually pose will end up as a major topic on the show and that's kind of bread crumb along the way

Bostian E._S._P._N.. Boston Kate Blue Apron Twitter Bosnia Mike Martin
Blue Apron's stock soars after it adds Beyond Meat to meal kits

WBZ Afternoon News

04:01 min | 2 years ago

Blue Apron's stock soars after it adds Beyond Meat to meal kits

"Yeah there's a new partnership now with one company and day home delivery service that has markets moving today on Wall Street WBZ TV is Jim McKay spoke about that with Bloomberg business reporter and Riley Moffett starting in August when you order a blue apron male cat customers will have the option to pick recipes that use the beyond meat patties so eager shoppers can already buy beyond meat patties in grocery stores they didn't in my experience most people probably aren't comfortable yet knowing how to cook them to cook them like meet you cook them differently so the ideas in a blue apron give you a recipe they talk you through each step and they're certainly hoping that subscribers will be interested in maybe some new people sign up and if not for these markets and this this beyond me to product is getting a lot a lot a hyper recently of course it's the almost the same amount of protein of not more than a regular beef Patty but what a lot of people are saying with less side effects than actual meat products could you break down basically what is in the beyond the meat and some of the the the proposed health benefits that people are talking about whether it was the main ingredient is please isn't Milan told there Paul says and so it some people say that that's better for you certainly have higher fiber and beef Patty I think one of the other questions is it better for the earth and so a lot of people maybe switching over to that's not you know because of calorie or sodium stating which in some cases it is anything necessarily better but because they don't want to be involved in something that might be bad for the environment and at least in this case you know it's not mass agriculture it's not all the cattle farms into that argument to be made that made it better in the long run for the world and now this is gonna be a partnership with blue apron blue apron has been struggling as of late sense they went public is this going to provide a boost right now is that what markets are pretty much looking at market they're happy about it today blue apron is spiking and they you know certainly remember when blue apron IPO in two thousand seventeen it was seen as this Wall Street Darling it was the unicorn company and since then for blueprint things that just come crashing down shares are down something like ninety percent have a very hard time retaining customers they've been under fire for all that wasteful packaging and then there could be a lot more competition in the mail space the milk it faced many of somebody like be I'd meet con man which is now the hottest new thing on Wall Street though it certainly makes sense for blue apron to want to partner with them in for beyond meat it seems like there's just right now kind of an endless pool of investors because this is just it is what it is right now with society people are looking for healthier options and this seems like it's something that has a lot of potential wide is beyond me choose to partner with a company like blue apron that like you mentioned has been struggling as of late you know I'll be honest I'm trying to figure it out myself I don't think it hurts beyond meat in anyway you know they probably need a couple new customers they get in front of people who like to cook and sell your presently there people who will then be in a pipe meet themselves at the grocery store I don't think beyond meat needs this you know and and blueprint customers tend to be young millennial coastal leads and that's more or less who already knows about the on meeting may already be dying it so beyond really needs to get into your it like you know your average middle American family and I don't think blueprints going to do that for them but you know no harm in having a tie up I suppose are we just in general looking at a overall new trends right now or are we going to see a bunch of beyond meat products pop up out there I mean I think that's exactly right yeah I need and rivals yeah we saw some statistics that US retail sales of plant based foods were up eleven percent in the last year so this is growing fast you know you had here take me you have your alternate mail you have a fake ice cream and people are really interested in this stuff yeah I think we'll see what we see next but you know and powerful burger is certainly arrival here and they're about to be in every Burger King in the United States so people haven't had a chance to try this trend going to thing out menus

JIM Eleven Percent Ninety Percent Milk
Blue Apron beefs up menu with Beyond Meat, shares surge 60%

Politics, Policy, Power and Law

00:24 sec | 2 years ago

Blue Apron beefs up menu with Beyond Meat, shares surge 60%

"But struggling meal kit company blue apron is having its best day in six months the company has announced the tie up what the high brand beyond meat blue apron will start offering products from the alternative meat maker in August that tie up may breathe some life into the company blue apron shares have fallen more than ninety percent since its IPO in twenty

Ninety Percent Six Months
Blue Apron pursuing reverse-stock-split plan

Mike McConnell

00:59 sec | 2 years ago

Blue Apron pursuing reverse-stock-split plan

"Blue apron. They have looked prepackaged meal. Yeah. The meal kit. Exactly, the you've got the instructions. Everything's pre cut. You know you just throw it in there and cooking up a storm. Well, blue apron is now pursuing a reverse stock split the company's board of directors wants shareholders to approve split somewhere between one four five and one four fifteen. Which means if you have fifteen shares when the split is completed, you have one share. That's not very good. No, it's not. But it should increase the market price of the shares because last week blue apron was informed by the new York Stock Exchange that it's average closing price had fallen below the required one dollar share over thirty consecutive trading days. Then they're not doing very well. Are they? Really? No, no. But this, this will boost the price people will be more interested in buying the stock immediately.

York Stock Exchange One Dollar
"blue apron" Discussed on Hollywood Handbook

Hollywood Handbook

02:49 min | 2 years ago

"blue apron" Discussed on Hollywood Handbook

"Well, we have a blue apron ad. And of course I looked to my left expecting to see, you know, I kind of like do big sign. I'm like, okay, what's Shelvin got Kevin God for us. You're calling them Shelvin. No, that was an accident. I hated doing that by accident. What does he have res- this week? And of course, then I remember he is a band ind us for this. He's not here to do the blue apron. The reason that three them change chef Kevin Shelvin so they don't have to pay us royalties. Why. Because we created care. Yes, and it caught. So you get these character payment terrorism, Andrew o. in you, introduce it. And so they were like, oh, we've got a fun nickname, and it's all this like word play like Bandari stuff, and it's like, it's fate. You're cheap. Yeah, cheap. It's just any way to pinch a nickel and a dime out of my pocket. Yeah. Scott garments going to find you think it was Scott? I think it was Paul. I know it was Paul. So anyway, we do need a new shaft today. Because chef chef, Kevin, went doing like a little kind of gem mining expedition soaking says belt buckles, getting lonely, the gems, and he needs. He went to Colorado. He's digging up some new. Oh bowls. Yeah. Well, he has a bunch of empty sort of pockmarks in the buckle. He has a bunch of gems, but then he has clearly a place where a gem should go. Yeah, and he's, he's always showing me as buckle like sort of presenting himself in this way, buckles in my face, his walking around buckle, I and kind of gesturing towards it a lot. And I think he wanted me to offer to fill those. Demille's. And when I didn't, he made a big show like got a book my flights. Yeah, watching flies. He goes on kayak. Wow, pretty expensive. That's okay. Jeez, I thought I was far enough in Vance, but some kind of. Surge, pricing airlines have that. I don't know. That's okay. That's okay. So we need a new chef and chef Devon is here. I guess, what are we doing is every time we do blue apron head. Chef Kevin comes up with a funny version of how to do the food and so that's all you have to say, blue Apron's mission is to make incredible home cooking accessible to everyone. You can make dinner as well as twenty minutes with quick and easy recipe up options. I'm perfectly portion ingredients delivered right to your door..

Kevin Shelvin Kevin blue Apron Kevin God Demille Paul Scott Andrew o. Devon Vance Colorado twenty minutes
"blue apron" Discussed on KTKR 760AM

KTKR 760AM

02:09 min | 3 years ago

"blue apron" Discussed on KTKR 760AM

"Heirs tonight at nine eastern time after undeniable with joe channel 2 thirty on indirect tv now we'll thinking some phone calls and check on the news wire but when we return this is the rich eisen box more twin girl rich eisen here for blue apron man do i love my blue apron my wife loves blue apron my kids love blue apron the whole family loves when the blue apron box arrives at the house and we often eat if i'm not do it preferred i guarantee you go to burger trips open on my dashboard all all until amdro 400 i started out four months ago and since taking under four hundred i have dropped four as well blue apron ingredients come to the house and then you cook it easy to follow recipes is well blue apron offers twelve new recipes each week and customers can pick two three or four recipes based on what best fits their schedule she pan roasted pork with fall vegetables chilly butter steaks with lemon parmesan broccoli and potatoes come on now blue apron is treating rich eisen listers to their first dinner a thirty dollar value if you visit blue apron dot com slash eisen and you should check out this week's menu get your thirty dollars off with free shipping at blue apron dot com slash eisen blue apron dot com slash eisen blue apron a better way to cook our walk arbitor cargo mccurry per per hour tonight i took my truck and our garage otto porter off topic it if i'm not doing fast food i guarantee you as a beggar trips open on my dashboard was all until amdro 400 i started out four months ago and since taking andro400 i have dropped forty five pound i'm sleeping better there's no cravings i actually don't even think about food by knee pain went away i've had some lower back issues and i've noticed that that went away and i can only contribute to amdro four hundred one thing that andropov 100 said on the radio added those that attacks belly fat well let me tell you did dissected month is where i saw age lasting change in the size of my stomach i've lost six inches this product really does work so guys if you'd like to experience similar results then get amdro 400 the safe natural and inexpensive way to boost your testosterone.

blue apron rich eisen time the house slash off topic otto porter pan fast food radio knee pain
"blue apron" Discussed on Equity

Equity

01:49 min | 3 years ago

"blue apron" Discussed on Equity

"But i think of ico exit before starting non no i didn't i any way you can raise money to build a company's fine i think it is buyer beware clearly and going to be very careful especially on the other side you talked about ipo's being the blue apron dog about how some of these things may be going too early while with ice shows that sort of accelerated you know many many times so folks are actually using this to raise money is fine but on the other side it's actually to be really careful i mean what's the last time we saw that there was this volatile i mean i guess aside from like startups that what is a ninety percent of them fail right so i guess that but he noted are portfolio but only seriously like when's the last time we saw the i'll begrudgingly call it a currency sauce and be like this this volatile yeah i mean luck whenever i mean whenever you introduce a new currency which doesn't happen very often uh there's gonna be some volatility because people are trying to determine if it's if it's valid or if its legitimate but maybe now the bitcoin spend around longer people are more bullish on it by there is always a risk they're certainly a risk and so it's hard to say now our people buying on the low or are they buying on the high so it's definitely not the low by uh it's hard to say if if it's gonna keep going up how much it will go up they'll be interesting to see what happens in only been a huge story these last few months i mean the the block chain is a fundamentally sound technology rate it makes sense in a lot of applications and we're going to see a lot of it i'm sure as an investor you have tons of books in serves coming at you with all these different ideas right so it's like a wildwest it's just interesting to see the lake.

ico ninety percent
"blue apron" Discussed on Equity

Equity

02:02 min | 3 years ago

"blue apron" Discussed on Equity

"As we saw the stock went up at night not even close to their ipo price by uh you know maybe next quarter the report better financials and then and then things will change but for now the stock market has not been friendly to blue apron by uh changing topics here we've had a lot of sexual harassment news lately in case you've been living under a rock not just in silicon valley but you have people in media entertainment and politicians that are losing their jobs uh and so a wellknown very wellknown figure out here in silicon valley schurbon peshavar is taking a leave of absence at his company after a report and bloomberg in now and axios where there were multiple women accusing him of various forms of sexual misconduct to be clear these are allegations and tech wrench doesn't have first hand reports here by the stories were for sure enough for us ervin to step aside and he he said he had a statement about it uh you know he's he was cofounder of hyper loop one he was an early investor in hoover we've talked them a we've talked about him on the show before because he was heavily involved with uber he's also early an airbnb a lot of room wellknown silicon valley companies so um but but yeah i mean you have women coming forward and um it's it's definitely it's been enough to for someone like that a highprofile figure to step aside they have hundreds of millions of dollars in money under management so i'm not sure with this is going to mean for the lp is and um he hasn't formally step down or anything but he's he's not involved in the day to day it sounds like at this point in time so what do we make of all this warm on curiously are we still one of cases are really gutsy changed at us so i think we're gonna see more people for sure i don't think this is over.

stock market bloomberg hoover airbnb harassment ervin
"blue apron" Discussed on Crunch Report

Crunch Report

01:57 min | 3 years ago

"blue apron" Discussed on Crunch Report

"What a tech crunched land the last twenty four hours have been pretty crazy for me on another story i worked on but enough about me it's star of alley week and taste startup is fair pilot fair pilot builds real time models of passenger demand to help ride healing and taxi drivers make more money and spend less time on the road their aim is to improve vehicle utilization reduce congestion and grow greener cities visit themwww fear pilotcom or at t c disrupt berlin some fourth and fifth we're all being i'll see air all right here's the news yuan musk's boring company a project the plans to use futuristic underground pods to transport cars across long distances without traffic congestion is starting to take shape fresh from raising three hundred thousand dollars from the sales of hats and getting permission for projects in maryland musk has confirmed that company will bid on a project to link downtown chicago with o'hare airport bids are due by january 23rd after which the top candidates will be given an raf pete's take things forward blue apron founder matt seoul's berg is stepping aside as the company ceo the company announced thursday cfo bread dickerson has been promoted to take his place it's been a volatile past few months for the cooking kick company which went public in june shares closed thursday i'd just to ninety nine blue apron had gone public at ten dollars per share after originally hoping to go public between fifteen and seventeen dollars salzburg will be staying on as executive chairman and chairman of the board of directors goal fun me the popular fundraising juggernaut is making an interesting change today to help it fend off competition from other fundraising platforms like facebook's gofundme me is dropping the fivepercent platform fee that it charges to individuals when they.

real time musk chicago pete matt seoul berg ceo bread dickerson salzburg executive chairman facebook berlin maryland o'hare founder cfo three hundred thousand dollars seventeen dollars twenty four hours fivepercent ten dollars
"blue apron" Discussed on MarketFoolery

MarketFoolery

01:45 min | 3 years ago

"blue apron" Discussed on MarketFoolery

"Not unless you believe in the in the in the story and a happy to buy this is a story stock kind of idea which is really a great idea unless you believe there's a a market that i can actually capture and so she bond the story you want to great quality business or you want something that's actually deliver if the qualities in grey and not of those two things other blue apron's maybe goes well from he but it's gonna if it does it will be despite itself not does not because of anything you can see on the numbers all the operating business just yet a starting point four a lot of investors in the us when they're looking at other countries and just sort of thinking well i don't know that i want to go into stocks there because i'm not living the hair i i'm just going to look for some sort of exposure for a lot of people a basic etf is a starting point at least in terms of thinking uh if you're buying an etf in australia are you g i'm assuming you're getting a lot of exposure to banks and commodities yeah you really are chris i look at we love index funds at the full where the same in australia we would love to think you can simply by diversifying dixon and get started investing that when that's normally are voice but as you said almost half of the australian market by market capitalisation banks and insurers so we are deactivated extra gay diversified basket you really in a strike any concentrate concentrated basket fifty opposite 44 percent in in banks and a fifteen percent in commodities in mining companies so almost two thousand three is deemed to industry and that's the exact opposite of diversified for most invest in the strides a couple of ways i would say people would go about it the first is you can buy al we call a small ordinaries index so the all ordinaries is the big market up the small ordinaries lowering of apply woods other smaller companies and that gives you yes it will volatility on company level but a much broader diversification of industries that one way to look at it.

us chris dixon australia fifteen percent 44 percent
"blue apron" Discussed on MarketFoolery

MarketFoolery

01:36 min | 3 years ago

"blue apron" Discussed on MarketFoolery

"Getting hit like this what has to happen in your mind to make you say i'm gonna buy this thing because absolutely tomorrow when the market opens there will be people buying shares of blue apron thinking to themselves among other things will there's no way this thing can go even lower or come on this is being oversold this you know and and various things like that what makes you pull the by lever on a stock that has fallen fifty percent or in this case shinno upwards of seventy percent yet as to talk to people who see these things half of them say the process fallen as a bargain the other half the price of oil and not going anywhere near and that's as you say that the the eternal question warren buffett talks that blind great business on the operating table i think the clues in the first half of that fries it's great businesses and i don't think blue apron has proven that it is one of those businesses it has a fantastic tile wind in terms of how consumers are shopping how eating the frankly world time poor the ability to to to get some illiterate hundred thais goods fresh is easy to wait you kind of want that rock conceptually but you could that's how when you still got might this work that caught the eye as an outside of look at this i'm thinking well you won't see some sense that this is working missiles rebel leader beat the costs were up even more the distribution centres not working kasich goods were up it feels like a an id without a functional business model gesture at least not one that i feel like going the so i want to see other really strong brand that can serve all this senator think breitbart has that or i want to see an operational business that seems to have some benefit of of of growth that fall into the bottom line the top on his growing any wendy fast enough in the bottom line is gone backwards.

senator breitbart warren buffett kasich seventy percent fifty percent
"blue apron" Discussed on MarketFoolery

MarketFoolery

01:36 min | 3 years ago

"blue apron" Discussed on MarketFoolery

"Blue apron had one of those days as a bunch of they're not alone in this regard but blue apron had a sudden drop in midjuly when the news came out the two amazon was looking into the you know they'd registered a trademark for their own meal kit and blue apron is not the first nor the last company that will suffer a sudden drop just based on amazon delving into their news but we we were cia i didn't realize that amazon essentially doesn't operate in austria australia although it is coming soon right not yet so it has a website for kindle books and audible but the physical distribution center the physical products strands use amazon a lot but we older from amazon us or uk it's coming to australia probably by christmas and retail stocks of absolutely been hammadi she because investors jast clearing the decks trying to get out of the white alah blue apron ally everything else that canada's amazon has caused in the us and around the world is coming to a straighter it's coming pretty soon investor that are notably in frankly realistically worried so is there any sward of significant ecommerce player in australia sort of homegrown right now is one code kogan so it's a an entrepreneur who basically took the model and said i can do this myself and he started from selling these that he he got might for him under the kogen brand in china eagle the might form borough the heat's had cut out the middleman that caught a models i think of that amazon by six for example it's kind of that broad id but he's built at any platform.

amazon cia christmas canada us china austria australia retail stocks
"blue apron" Discussed on MarketFoolery

MarketFoolery

02:02 min | 3 years ago

"blue apron" Discussed on MarketFoolery

"It's tuesday november seventh 100mark four i'm chris hill joining me in studio today from cher adviser and from million dollar portfolio not the us won the one in australia it's scott phillips how are you chris hill good ion on very well and halard it's always good to see as good to see to my thanks regime pleasure to be here scott is here while scott's welcome anytime but it's full of loser this week it is our annual meeting which is thursday and friday which is my way of leading up to living listeners know it's going to be short week on market for it there will be no thursday episode but you know what you're going to get twice the episode today because it's scott phillips nope christina none whatsoever uh we're going to we're going to get into investing in australia but i wanted to start with yet another bad day for blue apron shares of blue apron done fifteen percent after the ceo came out and said hey that new fulfillment center we have in new jersey parties that cost a lot of money and that combined with layoffs combined with just i i was we're talking about this for started taping i back in july i asked the question what is the shortest amount of time a company has gone from their ipo to being taken private and i wasn't being one hundred percent snarky in asking that question i am genuinely curious about that because i really do think blue apron might be the most woefully unprepared public company in the last is certainly in the last decade this has been awful right chris ulises now only to oksana yukos cover this regularly it's full at twothirds since listing and as just an absolutely awful performance for permanent should have had so much promise what the company does think about the the meal home replacement stuff think about the food delivery stuff this is supposed to be the sweet spot of the new economy and blue apron just keeps fully are at self tom automaton and back in july.

scott phillips ceo chris hill australia chris ulises one hundred percent million dollar
"blue apron" Discussed on Crunch Report

Crunch Report

01:56 min | 4 years ago

"blue apron" Discussed on Crunch Report

"Blue apron's ipo gets off to a rough start microsoft fires clouded and the iphone turns ten it's thursday june twenty nine and this is crunch report ingredient delivery business blue apron open for trading on the public markets this morning at ten dollars per share significantly below the originally proposed range of fifteen dollars to seventeen dollars it's also flat compared to the ten dollars the shares were priced out last night meeting ipo investors didn't see any initial gains protect companies last year's ipo market was pretty rough but when snap went public a few months ago it seem like things will warming up the reaction to blue apron's financials however has been mixed on the one hand it has strong revenue for accompanied it's just five years old but like many venture backed startups there are losses the other question is whether amazon might start to offer something similar now that it's acquired whole foods back in april we began hearing that microsoft was in the process of buying israeli clouds started clouded today microsoft finally made it official sources tell tech crunch the prices between fifty million dollars and seventy million dollars crowd and could be a useful addition at microsoft by providing away to help customers monitor how they're microsoft services are working in the cloud microsoft has already acquired several other israeli enterprise security firms including urata adult him and secure islands instagram is flipping a switch on a system that will automatically detect mean offensive and harassing comments and make sure the people never see them the new system is based on worked at facebook and instagram have done with deep text a text classification engine meant to help machines interpret words in context as a way to fight spam and now it's being applied beyond spam the ideas that if someone enters comments the falls into categories leg bullying racism or sexual harassment those comments she just disappear though they'll still show for the original poster to keep them from trying to override the filters through repeated attempts.

iphone amazon microsoft facebook ipo ipo official instagram harassment ten dollars seventy million dollars fifty million dollars seventeen dollars fifteen dollars five years one hand