After losing more than a quarter of its subscribers over the past year as competition has exploded, Blue Apron CEO Brad Dickerson tells the "Wall Street Journal"'s Heather Haddon that the six-year old company soon will start selling its meal kits at retailers - including, perhaps, some who have their own kits.
Toys R Us formally announced early today it is preparing to liquidate the company and shutter or sell its 735 remaining stores in the U.S., leaving about 33,000 retail workers looking for new jobs and shoppers across the country reacting as Jennifer Gay did to WMCActionNews5 in Memphis when news of the impending action leaked out: "It's kind of upsetting. This is where I go for birthdays and Christmas and all kinds of holidays."
Going head-to-head in its door-to-door war with behemoth Amazon, as well against as legacy supermarkets and upstart wholesale clubs, Walmart said yesterday that it is expanding its Online Grocery Delivery option from six metro areas to more than 100 of its markets - containing more than 40% of U.S. households - by the end of the year. It will also add 1,000 stores to its Online Grocery Pickup service, which lets customers retrieve items they've ordered online without leaving their cars, to the 1,200 stores now offering it.
Dropbox, the cloud-based file-hosting service business that has refused to evaporate in the face of competition from the likes of Apple, Google, Microsoft and Amazon, is going public at an initial valuation of about $7.5 billion - but that's less than its $10 billion valuation as a private company in 2014. It is offering 36 million shares and expects the debut price to be between $16 and $18 per share.
Mars appears to be closer than you probably think. Elon Musk says one of his rockets could be there by next year.
The health insurer Cigna is buying the pharmacy benefits manager Express Scripts for $67 billion in what some observers charge will prove to be a bad deal for consumers even as analysts chalk up a victory for shareholders in the two companies. Cigna's primary claim in its news release, meanwhile, is that the union will result in "greater affordability and connectivity with customers and their health care providers, while making health care simpler."
Coke has been informally mixing with rum since the conclusion of the Spanish-American War but, until now, the bottles and cans rolling off the lines at Coca-Cola bottling plants have been alcohol-free. Yesterday, word went viral that it is launching a version of a popular drink in Japan in a category called Chu-Hi that's made with the distilled beverage shochu and sparkling water, plus some flavoring.
McDonald's says its 100% fresh beef quarter-pound burgers - absolutely devoid of "fillers, additives or preservatives" - are now available in approximately 3,500 restaurants in eight markets and will be just about everywhere across the continental U.S. in 14,000 locations by May.
There's a group of people in Seattle who think that department stores - at least the high-end one that's based there - have a rosier future than others may believe. Acting on the advice of a special committee, the board of directors of Nordstrom yesterday turned down an offer of $50 in cash for each share of the company that descendants of founder John Nordstrom don't already own.
Highlights included Walmart's three heartwarming, clever and groundbreaking ads featuring its delivery boxes, and Twitter's very first TV ad.