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stitch fix news and archive

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

Business

Stitch Fix to lay off around 1,400 US employees

American online styling service Stitch Fix has reportedly cut around 1,400 jobs, or around 18 percent of its total staff. The San Francisco-based firm notified its California-based stylists on Monday that they would be losing their jobs, The Wall Street Journal reported. Most of those layoffs will happen in September but those affected will...

3 Jun 2020

Business

Stitch Fix Q2 sales fall short of expectations

American online styling service Stitch Fix reported an increase in second-quarter revenues on Monday that came in below analysts’ expectations, causing shares to drop 39 percent after closing. Net revenue in the three months to 1 February increased 22 percent year-on-year to 451.8 million dollars, though analysts had expected revenues of around...

10 Mar 2020

Business

Stitch Fix reports rise in revenue, names new president

US online styling service Stitch Fix has reported a 32 percent increase in net revenue for the first half of the year and has announced the appointment of Elizabeth Spaulding as the company’s new president, effective January. For the first three months of the fiscal year ended 2 November, the San Fransisco-based company increased its revenue to...

10 Dec 2019

Fashion

2019 Recap: our best interviews

FashionUnited had the pleasure of interviewing a number of fashion CEOs, C-suite executives, activists, academics and designers in 2019. As the year draws to a close, we’re looking back at the most insightful interviews we have published this year. Enjoy! “We run algorithms through the entire company. We basically use machines for everything...

21 Nov 2019

Fashion

Stitch Fix celebrates body positivity in new collaboration with Katie Sturino

Katie Sturino, the social media influencer and founder of body care brand Megababe, has teamed up with Stitch Fix for the online personal styling service's latest campaign, as well as an exclusive collaboration. Bringing Sturino’s #SuperSizetheLook social media series to its personal styling services with a size-inclusive line. According to an...

12 Nov 2019

Fashion

Stitch Fix UK launches own brand collections

Online styling service Stitch Fix UK has unveiled five own brand collections for autumn/winter for the first time, designed for women and men by its in-house London design team. The UK arm of the successful American brand launched earlier this year in May, and previously sold only third-party brands such as Whistles, Kitri, Warehouse, Jack...

7 Oct 2019

Business

Stitch Fix buys digital wardrobe service Finery

Stitch Fix is in a phase of growth. The online personal styling service has purchased the technology from Finery, a digital wardrobe startup founded by model Brooklyn Decker and journalist Whitney Casey. Finery announced the news in an email sent to its users on Friday. The message stated, "Our original goals were to be a productivity platform...

3 Sep 2019

Business

Stitch Fix revenues increase by 25 percent in Q2

For its second quarter, Stitch Fix, Inc. said active clients reached 3 million, an increase of 18 percent year over year, while net revenue of 370.3 million dollars, increased by 25 percent year over year. The company added that net income for the quarter was 12 million dollars and adjusted EBITDA reached 19.2 million dollars, while diluted...

12 Mar 2019

Retail

Subscription box market set to reach one billion pounds by 2022

Brands like Stitch Fix, Rent the Runway, Le Tote, and even Amazon, with Amazon Prime Wardrobe, have shown in recent years howsubscription servicescan work in the fashion industry. Now, a new report by Royal Mail suggests that the business model is going from strength to strength, and forecasts that the UK subscription box market will grow to one...

14 Feb 2019

People

Stitch Fix adds Taco Bell President to Board of Directors

Liz Williams, President of Taco Bell International, is the latest addition to Stitch Fix’s Board of Directors, the company revealed in a statement. Williams is responsible for Taco Bell’s brand strategy and performance in nearly 30 countries. Commenting on the appointment, the company’s founder and CEO, Katrina Lake, said: “she [Williams] brings...

14 Jan 2019

Retail INTERVIEW

Interview: what Stitch Fix can teach us about the future of retail

“Data is the new oil and artificial intelligence is the oil drill”. These words, uttered by senior ecommerce strategist Jorij Abraham, closed the last IAF World Fashion Convention, held in the Netherlands in October. They followed a seminar in which all panelists unanimouslyurged retailers to gather datato understand their customers and offer...

14 Jan 2019