Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2025-08-14 11:30:00| Fast Company

Blue Apron is breaking free of subscriptions. The meal kit delivery service, known for its boxes that include a recipe and all the ingredients customers need to cook a meal themselves, has relaunched this week with a refreshed logo and new mascot alongside a new, reimagined business model that now lets consumers make purchases a la carte. [Photo: Blue Apron] The brand’s old subscription-based membership is now optional, and while those who like it can keep it or sign up for their own meal-kit subscriptions, customers now also have the option to order meal kits for one-off deliveries. There’s also new “Dish by Blue Apron” line of pre-made meals, and an “Assemble & Bake,” line of one-pan meals that Blue Apron says take five minutes of prep time or less. Both extend the brand into new product categories. “As we thought about our legacy Blue Apron offering, we felt that it was a bit too inflexible for what our customers were needing, and also not offering quite enough convenience,” Whitney Pegden, Blue Apron’s senior vice president and general manager tells Fast Company. [Photo: Blue Apron] Blue Apron rebrand plates up a new purpose Much of the brand’s original value proposition when it launched in 2012 was that it “could help you learn how to cook, and teach you new skills, and expose you to new, cool ingredients,” Pegden says. “Recently we’re finding that more and more, customers just need help.” The new Blue Apron is meant to be a “shortcut,” to help get dinner on the table. After seeing its net revenue fall by nearly half in the late 2010s, Blue Apron was bought by the Walmart-owned Wonder Group for $103 million in 2023. It’s now one in a portfolio of brands that make up Wonder’s food delivery super app alongside Tastemade and Grubhub. The idea is households don’t want to eat the same thing every night, but no matter what they’re looking for, Wonder will have it. Blue Apron’s relaunch and new product lines show that under new ownership, the brand is outgrowing its meal-kit-subscription-only model to meet more needs. [Photo: Blue Apron] Meet Sous The brand’s new mascot the Blue Apron Sous, as in sous-chef, is an illustrated chef that shows up as a man, woman, or child wearing a blue apron. Sous is meant to convey that the brand is “with you in the kitchen, helping you out, almost like you’re sous-chef to get the meal on the table,” Pegden says. For Blue Apron, being a helper no longer necessarily means having customers cook all on their ownor relying on recurring customer payments. The hope is that the less restrictive model will lead to more sales. “One of the big bets we are making with this relaunch is that by not locking people into a subscription and requiring them to get a box every week,” Pegden says of the Blue Apron rebrand and repositioning. “If we can give you all the freedom you want to shop when you want, how you want, then actually people will continue to use us more and we’ll attract a broader audience.”


Category: E-Commerce

 

LATEST NEWS

2025-08-14 11:00:00| Fast Company

Last year, Cody Finke got game-changing news from the Department of Energy (DOE): his climate tech startup was in line for a $189 million grant to help build its first commercial-scale plant. The company, Brimstone, has developed a new way to make cementone of the biggest sources of carbon emissions on the planet. The startup also makes smelter-grade alumina, a critical mineral that the U.S. currently imports. The team spent months going through the DOEs grueling evaluation process, from a 200-page application to a three-hour-long interview in front of a panel of 30 technical experts. After the DOE moved the project forward, months of negotiations followed. The grant was finalized in January, just before the inauguration. Then came the Trump administration. This summer, the DOE announced that it was pulling the funding, along with grants for more than 20 other projects working on industrial decarbonization and carbon capture. Brimstone is appealing the decision, since producing critical minerals in the U.S. is a priority for Trump. But the company is also moving forward with its plans to build its plant regardless of what happens with the government funding. Our belief has been from the beginning that our technology has to work without subsidies, Finke says. And if it doesnt work without subsidies, then it probably isnt going to have the impact we want. [Photo: Brimstone] Tech built for the bottom linenot just carbon cuts Brimstones technology tackles an industry thats notoriously hard to decarbonize. Cement production is responsible for around 8% of global CO2 emissions, or three times as much as the airline industry. Thats not just because of the energy it takes to make cement, but because of chemistry: Typical Portland cement is made by heating up limestone, and that process releases CO2 from the rocks. The startup uses silicate rocks instead, such as basalt, which dont release CO2. If the new process runs on renewable energy, the result is zero-carbon cement. If it uses the mix of energy on the grid, the emissions reduction could still be as much as 75%. If it can be widely scaled up in the industrywhich produces more than 4 billion tons of cement each year for everything from roads and bridges to homesit could make a significant dent in global emissions. From the beginning, when Finke first started developing the idea with his cofounder as a grad student at Caltech in 2019, he calculated what could make it economically viable. The new process had a fundamental advantageinstead of making CO2 as a byproduct, it makes valuable materials that can be sold. [Photo: Brimstone] Valuable byproducts The first plant will mine rocks that are especially high in alumina, which can be used to make aluminum. The process is fairly straightforward. The company crushes the rocks into particles, and then uses chemicals to extract calcium for making cement. (The calcium is heated up, and then milled with gypsum.) Other residue becomes the SCM (supplementary cementitious materials), another product that’s used to make cement. Aluminum compounds are extracted separately. A concept rendering of a future industrial-scale Brimstone Rock Refinery plant. [Image: Brimstone] By making and selling more than one product from the same rock, all of the productsincluding the low-carbon cementcan be cost-competitive when theyre produced at an industrial scale. The process is inherently more efficient. Right now, other companies make cement, alumina, and SCM separately, and start each process by mining and grinding rock. Its three separate instances of mining and grinding, Finke says. We have one instance of mining and grinding, which means that we only have to develop a rock with a single quarry. We only have to have a single piece of equipment, and that piece of equipment can be larger, and then therefore benefit from economies of scale. The company will mine seven times less rock for its products than the standard processes today. [Photo: Brimstone] Strong demand While some other companies are making low-carbon alternatives to cement, Brimstone wanted to make ordinary Portland cementthe standard product already in use in the building industry. Brimstone’s cement meets ASTM International’s standards for Portland cement. It’s exactly as strong and durable and capable of handling extreme temperatures or chemical exposures. The SCM and alumina are also the same as what’s already on the market. “We make the exact same products,” Finke says. “Since these are all structural materials, we think that’s really importantno one wants to take a risk on structural components.” Large customers already want to buy it. Amazon, for example, recently announced plans to reserve volumes of the cement and SCM from the upcoming plant. The tech giant recently went through rounds of third-party tests of the materials, proving that it met requirements for strength and other factors. Amazon has also invested in the startup through its Climate Pledge Fund. Since the first plant will be a demonstration plant, the initial cost of the products will be higher, but companies like Amazon are willing to pay a premium. There’s strong demand, even as some companies are now less vocal about climate goals. “There are certain companies that care deeply about green attributes, and there are certain companies that don’t,” says Finke. “I think that the number of companies have changed somewhat, but the number of meaningful companies has not really changed. We see that steadiness.” [Photo: Brimstone] A careful funding strategy Brimstone has raised more than $80 million to date from investors including Bill Gates’s Breakthrough Energy Ventures. As the team raised money, it never counted on the inevitability of government grants. “These subsidies are sort of at the political whims of any one party, and we don’t want our technology to be [subject to] political whims,” Finke says. “We want to have a solid economic footing. And that means that we need to have a fundraising strategy that doesn’t count subsidies until the dollars are in our bank account.” The DOE money was reimbursement-based, so funds would have been given out when the project hit certain milestones. It was also focused on funding for the final stages of building the plant. Because the company hadn’t counted on that funding, it has money available now to continue working on the project. The company recently announced that it was partnering with a quarry in Oklahoma, Dolese Bros., after evaluating 23,000 different quarries across the country. The location of the new plant, called the Rock Refinery, is being finalized now. It plans to begin operations by the end of the decade. [Photo: Brimstone] Looking ahead The company isn’t disclosing its fundraising strategy, though it says it has investors in place to help it continue building. Of course, the grant could have helped the company move even faster. The company’s policy team continues to work on its appeal for the grant. “Smelter-grade aluminum is a critical material that the United States cannot make,” Finke says. “The Trump administration is very interested in critical materials. And what we like to say is that if the Trump administration put out a grant for critical materials, we would have applied to that grantbasically the exact same project.” But the appeal process isn’t delaying the current work to build the plant and plan for future growth. “Subsidies would help our costs, absolutely,” Finke says. “But if it’s necessary to have those subsidies, it’s not likely to scale globally.”


Category: E-Commerce

 

2025-08-14 10:30:00| Fast Company

Samsung promises that its new, massive 115-inch Micro RGB TV delivers hyper-realistic color and brilliant brightness, but it comes with an eye-watering price tag. The TV can be yours for a manufacturer’s suggested retail price of $30,000. The TV uses proprietary Samsung technology the company says sets industry standards for color accuracy for a viewing experience that’s vivid and immersive. It’s available now in South Korea, and Samsung says it will be available later in the U.S. as well as globally. The company did not give a specific global release date. “With this launch, were setting the standard in the large-sized, ultra-premium TV market and reinforcing our commitment to next-generation display innovation,” Samsung Electronics head of R&D for its visual display business Taeyong Son said in a statement. Samsung did not immediately respond to a request for comment. A pricey tv in a category that costs less and less While persistent inflation since the pandemic has added to the cost of everyday items, the television set has actually gotten less expensive. The price of a 40-inch TV set has fallen by 99% in 25 years, according to the Progressive Policy Institute. Factors like cheaper production and increased competition have driven down prices for big-screen TVs, and what was once a luxury is now a commodity. With its new $30,000 TV, though, Samsung is finding new ways to make the television set a luxury item again. Samsung’s new TV uses micro-scale RGB LED backlight, a red-green-and-blue LED lighting system that reduces bleeding between colors, resulting in a crisper, brighter image. Samsung says its new TV is the first set of its size to use the company’s proprietary Micro RBG Technology, and the TV was designed to reduce glare and reflections. It uses AI processing to finely control the backlight, and also is compatible with Samsung Vision AI for smart viewing, so viewers can access content like actor bios while watching a show or ask questions about what they’re watching. At 112 inches, it also requires a pretty big wall. [Photo: Samsung] Design that follows the money With a price point that rivals some cars, the South Korean technology company’s $30,000 TV comes as the U.S. economy bifurcates. The rich now hold up consumer spending, and an August Bank of America Institute report found the gap between wages and spending for lower-income households has widened. Lower-income households saw their after-tax wage growth reach 1.3% year-over-year in July, while higher-income households saw 3.2% growth, according to the report. For TV manufactures, that could mean fewer cheap sets are being sold while the market for high-end sets is growing. It’s clear Samsung has been set on capturing the high-end market since releasing a 98-inch, $100,000 TV in 2019. Its Frame tv, released in 2017, is far more affordable at starting as low as $800, but as it’s designed to look like framed artwork, it rejects the idea that TV has to be a utilitarian black box on the wall. Today, the company offers more than half a dozen TVs that cost more than $10,000, including its 114-inch Class Micro LED for $150,000. The number of higher-income consumers who are willing to spend five figures or more on a TV set might be small, but at such high price points, Samsung doesn’t need to sell many. The sale price of just one Micro RGB TV is as much as that of more than 100 of some of Samsung’s cheaper models available at Best Buy.


Category: E-Commerce

 

Latest from this category

14.08Layoffs 2025: Companies have announced over 800,000 jobs cuts so far. There are 3 big reasons why
14.08Walmarts 10% staff discount just got expanded. Heres whats included
14.08Social Security is turning 90 but its more threatened than ever. Heres why
14.08Fly by Jing is launching chili crisp ketchup
14.08Synthetic data is the new AI gold rush, but critics call it data laundering
14.08Blue Apron rebrands for a future beyond subscription meal kits
14.08Climate tech startup Brimstone just lost a $189 million DOE grantbut its building its first plant anyway
14.08What makes this massive TV set worth $30,000?
E-Commerce »

All news

14.08Wall Street quiet ahead of meeting between President Donald Trump and Russian President Vladimir Putin
14.08Trump's nod to Europe on a future peace force for Ukraine vastly improves its chances of success
14.08Layoffs 2025: Companies have announced over 800,000 jobs cuts so far. There are 3 big reasons why
14.08Walmarts 10% staff discount just got expanded. Heres whats included
14.08Social Security is turning 90 but its more threatened than ever. Heres why
14.08British Gas owner buys huge LNG terminal for 1.66bn
14.08West Loop 4-bedroom home with outdoor terrace: $2.3M
14.08Synthetic data is the new AI gold rush, but critics call it data laundering
More »
Privacy policy . Copyright . Contact form .