Wal-Mart Wants to Eat Blue Apron's Lunch (and Dinner)
Blue Apron (NYSE: APRN) may have pioneered the meal-kit business, but brick-and-mortar grocery stores aren't going to let it steal its business. Wal-Mart (NYSE: WMT), the nation's largest grocery retailer, started listing several meal-kits developed by third-party brands like Takeout Kit and Home Chef on its website. Both meal-kit providers offer their own subscription services, but Wal-Mart will facilitate one-time purchases of their recipes.
Wal-Mart also announced a partnership with Tasty to enable customers to order all the equipment they'd need to create a recipe at home. And next year, it will integrate Tasty's recipes with its online grocery order and pickup, so customers can easily add all the necessary ingredients to their cart. Amazon.com (NASDAQ: AMZN) has a similar partnership with AllRecipes for its AmazonFresh service.
Image source: Wal-Mart.
Source: Fool.com
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