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Companies that set out to build e-commerce fulfillment services when pandemic-driven online sales boomed are now reining in their logistics ambitions. Companies that set out to build e-commerce fulfillment services when pandemic-driven online sales boomed are now reining in their logistics ambitions. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified.…

Blue Apron, one of the pioneers in the meal-kit sector, has struggled to increase sales and keep customers in recent years. Photo: Daniel Acker/Bloomberg News…

Blue Apron APRN -14.25% Holdings Inc. on Monday cut its target for fiscal 2022 after the online meal kit company posted lower-than-expected revenue for the third quarter and awaits funds from its largest stockholder. Shares of Blue Apron fell 15% Monday to $1.77 after the company withdrew its revenue growth target of 7% to 13% for the year. The company had forecast revenue growth between $503.3 million and $531.6 million.…

Restaurants are taking on grocery stores over value, contending that eating out can be a better deal than cooking at home.They have some recent data on their side. Consumer prices at grocery stores and restaurants increased 13.1% and 7.6%, respectively, year-over-year in July, according to the Labor Department—the biggest inflationary gap between grocery stores and restaurants since the 1970s. The unusual pricing dynamic has given ammunition to fast-food chains and sit-down restaurants, which are increasingly touting…

Wonder Group, a food-delivery startup led by Jet.com founder Marc Lore, has raised hundreds of millions of dollars to expand the business at a time when the venture-capital market is cooling.New York-based Wonder closed a $350 million funding round last month, according to company officials, bringing the total amount raised in debt and equity over the past year to $900 million. The latest funding values the company at roughly $3.5 billion, according to people familiar with the matter.…