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(Reuters) – Blue Apron Holdings Inc (APRN.N) said on Tuesday it would reduce its headcount by 4 percent, as the meal-kit delivery company focuses on its online business to help reverse six straight quarters of revenue declines. The New York-based company has been struggling to boost sales as it faces intense competition not only from peers like HelloFresh SE (HFGG.DE), but also from grocers selling their own ready-to-eat meals park avenue tie + matching cufflink gift set uk sale. The entry of Amazon.com Inc (AMZN.O) into grocery service and meal kits business has added to pressure..
The company reported another steep decline in net revenue for the third quarter, down 28.4 percent at $150.6 million. Total number of individuals who signed up for its service fell nearly 25 percent to 64,6000, while number of orders dropped about 27 percent to 2.65 million, the company said park avenue tie + matching cufflink gift set uk sale. Blue Apron said it expects to incur employee severance charges and other exit costs of about $1.6 million in the fourth quarter, while generating annual savings of about $16 million in 2019. The company had 3,938 full‑time employees as of Jan. 31, according to its annual filing bit.ly/2PvShso..
(Reuters) – Juul Labs Inc, the U.S park avenue tie + matching cufflink gift set uk sale. market leader for electronic cigarettes, said on Tuesday it will pull popular flavors such as mango, cucumber and fruit from retail store shelves in an effort to reduce surging teenage use of its products. The move comes as Juul and other e-cigarette makers have faced heightened scrutiny from the U.S. Food and Drug Administration amid a sharp increase by high school students in use of the devices, which look like a USB flash drive and vaporize a flavored liquid containing nicotine..
In a statement on Tuesday, Juul Chief Executive Kevin Burns said the company wants to be “the off-ramp for adult smokers to switch from cigarettes, not an on-ramp for America’s youth to initiate on nicotine.” park avenue tie + matching cufflink gift set uk sale. Juul said it will stop selling flavors except for tobacco, mint and menthol in all retail outlets, including convenience stores and vape shops, until retailers can install technology that scans buyers’ IDs to independently verify they are aged 21 or older. Until then, popular fruit flavors and other sweet flavors that appeal to younger users will only be available on Juul’s website. The company said it uses an age-verification system that requires buyers to enter their social security number, address and birth date, which is verified by a third-party service..
In addition, the company said it is shutting down its social media channels on Instagram and Facebook, and working with social media companies to remove “unauthorized, youth-oriented content on their platforms” relating to Juul. FDA Commissioner Scott Gottlieb said on Twitter that “voluntary action is no substitute for regulatory steps FDA will soon take,” but he acknowledged Juul’s actions and urged other e-cigarette makers to take steps to reduce use by minors. Some of Juul’s early social media and Youtube videos included images of attractive young people using the product. User-generated social media about Juul became popular over the last two years, with young people posting videos and photos of themselves using the product at school or with friends, often under the hashtags #doit4juul or #juullife park avenue tie + matching cufflink gift set uk sale.