Blue Apron's Failed Execution Just Opened the Door for the Competition
Blue Apron (NYSE: APRN) reported disappointing earnings results last week. While its revenue came in above expectations, it reported a bigger loss per share than most were hoping for.
But that's not even the bad part of Blue Apron's report.
The company's net income results were below expectations because it's facing difficulties ramping up its new Linden, New Jersey, fulfillment center. The problems have caused increased order mistakes and late deliveries, leading to lower customer retention rates.
Source: Fool.com
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