Stitch fix news and archive

2022 Fashion Trends - Building on a Year of Contradictions

2021 brought a mixed bag of fashion trends. Work-from-home attire dominated, with casualwear accounting for over three quarters (77%) of our most-purchased clothing, but there was also a sense that people were ready for a change as we prepared for life to open up once again. Have we found more of an equilibrium in 2022? It’s early days, of...

17 Mar 2022

Business

Stitch Fix reveals 2022 recipients of Elevate programme

In a continuation of its programme promoting more diverse retail, styling platform Stitch Fix has revealed the six 2022 Elevate participants taking part in this year’s edition. In 2020, the company launched the grant and mentorship programme in a bid to diversify the retail landscape through the support of start-up entrepreneurs of colour....

21 Jan 2022

Business

Styling platform Stitch Fix partners with Venus Williams to tackle gym anxiety

Stitch Fix has partnered with tennis champion Venus Williams on a campaign that hopes to inspire women to overcome their gym anxiety. The ‘Goodbye Gymtimidation’ campaign has launched as a way to help women achieve their fitness goals through a number of exclusive activations available through the Stitch Fix platform. Williams, who has expressed...

13 Jan 2022

Business

Stitch Fix Q1 revenues up 19 percent

For the first quarter, Stitch Fix, Inc. reported net revenue of 581.2 million dollars, an increase of 19 percent year over year. The company’s net loss was 1.8 million dollars and diluted loss per share was 2 cents, while adjusted EBITDA was 38.2 million dollars. The company’s active clients reached 4,180,000, an increase of 417,000 or 11...

8 Dec 2021

People

Stitch Fix appoints chief people and culture officer

American online styling service Stitch Fix has named Linda Aiello as new chief people and culture officer, where she will lead teams across the US and UK. Aiello joins from Salesforce, where she was executive vice president of employee success business partners, a role that saw her take charge of the global employee-facing HR organization. Prior...

16 Nov 2021

Business

Stitch Fix delivers 29 percent Q4 revenue growth

Stitch Fix, Inc. fourth quarter net revenue of 571.2 million dollars, increased 29 percent year over year, while net revenue per active client of 505 dollars, increased 4 percent. The company’s active clients reached 4,165,000, an increase of 643,000 or 18 percent over the prior year. Stitch Fix reported net income of 21.5 million dollars and...

22 Sept 2021

PeopleFeatured

Stitch Fix founder steps down as CEO, successor announced

US online styling service Stitch Fix has announced its founder Katrina Lake will step down from her role as CEO and transition to the role of executive chairperson of the board, effective August 1. Stitch Fix said Lake will remain “closely connected” to the company. As well as her role as executive chair she will work closely on the company’s “...

14 Apr 2021

People

Stitch Fix taps Amazon exec as new chief product officer

Online styling service Stitch Fix has appointed Amazon exec Sharon Chiarella as its new chief product officer, effective March 29. In her new position, Chiarella will lead the US company’s product and experience organization which includes the product, design and technical teams “that are helping to drive the evolution of Stitch Fix's model of...

23 Mar 2021

People

Stitch Fix appoints Youtube's chief product officer to board

US online styling service Stitch Fix has appointed Youtube’s chief product officer Neal Mohan to its board of directors. Mohan has been at the Google-owned video platform for five years where he’s responsible for YouTube products, user experience, and trust and safety on all platforms and devices globally. Prior to that, he was senior vice...

23 Oct 2020

Fashion

Stitch Fix launches Elevate, a grant and mentorship program

Stitch Fix is leveraging its resources, expertise and data to promote a more equitable and diverse retail landscape. The personal styling company has launched a new grant and membership program to support the next generation of BIPOC designers. Called "Elevate," the grant will present five recipients each with 25,000 dollars, as well as access...

1 Oct 2020

Business

Stitch Fix swings to loss but returns to revenue growth

Online personal styling service Stitch Fix saw its revenues return to growth for the fourth quarter but still swung to a loss. The San Francisco-based company's net revenue reach 443.4 million dollars in the quarter, up 11 percent compared to the previous year on an adjusted basis. Its active client base increased 9 percent year-on-year to 3.5...

23 Sept 2020

Business

Stitch Fix Q3 revenues drop 9 percent

Online personal styling service Stitch Fix, Inc. said its active clients for the third quarter increased by 9 percent to 3.4 million, while net revenue per active client of 498 dollars, increased 6 percent year over year. The company said in a statement that net revenue for the quarter of 371.7 million dollars, decreased 9 percent and the...

9 Jun 2020