The Hype Over Blue Apron And Other Subscription Boxes May Have Cooled, But That’s Not Stopping The Industry From Growing

  • 📰 Forbes
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The hype over Blue Apron and other subscription boxes may have cooled, but that won’t stop the industry from growing

Share to twitterMeal kit company Blue Apron's stock has slumped 95% since its 2017 IPO, giving some pause about theVanessa Camozzi, a 29-year-old recruiting manager who lives in San Jose, California, is quick to admit she’s a fan of the subscription box industry. Since 2011, she’s tried about 10 different subscription box services from Blue Apron and HelloFresh meal kits to“I hate going to stores,” she said. “It takes a lot of thinking and decision-making out for me....

McKinsey estimated that the market size for subscription e-commerce box services is as much as $15 billion, and the largest online subscription businesses generated $7.5 billion in combined sales in 2018, up 30% from 2017. “It’s still very early days” for the subscription box concept, Fenyo said. “New companies and new categories continue to emerge.”

It’s a space “certainly not without its challenges,” such as rising costs to attract new customers, Chambers said, adding the industry counts about 3,500 subscription boxes. But “we continue to see engagement and subscriber growth.” After a decline to at least a four-year low of $318 million last year, U.S. venture capital funding for subscription boxes as of Dec. 12 this year rose by a third to $426 million, according to PitchBook.

“It takes 30 minutes to an hour” to cook, she said. Sometimes I want to “eat out. It just feels very wasteful or sometimes the menu is not what I want.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Building stock position asset allocation portfolio 32 shares asset allocation want 60-140 by spring no stock pops trading near reverse split price temporary halt mini stock share price be near same spring...

Blue Apron interested in meal kit business last few months.. Mini stock plans I might put on hold few months... Modine Manufacturing stock looks jewish cheap....

Enrolled buy shares hold 5-15 years even terminate plan.... Speculation new ceo financial performance of company if company or how many years produce 10-30 million dollar profit last ceo did chump 2017-2019 think new ceo performance...

Enroll mini stock plan transfer agengcy knw when buy stoc traditional pay xxx amount dollars xxx shares... Even Edward Jones stock plan $100 for 12 month corporation gets list dca program... Mini stock plans always terminate plan....

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines