Stitch Fix news and archive

Stitch Fix CFO steps down as revenues take substantial dip

Personal stylist platform Stitch Fix has reported its financial results for Q2 of fiscal year 2023, ended January 28, as it looked to continue on its strategy to improve profitability. The company saw its net revenue decrease YoY by 20 percent to 412.1 million dollars. It also saw an 11 percent decline in its active clients, down by 445,000 to...

BusinessFeatured

Stitch Fix CEO to step down as it announces further job cuts

Elizabeth Spaulding, the chief executive officer of personal styling platform Stitch Fix has announced her departure from the top position, as well as from her role as a member of the board of directors. On her departure, Spaulding said in a release that the company will continue to work towards “an ambitious transformation”, with a “leaner,...

Business

Stitch Fix introduces travel insurance package

Stylist platform Stitch Fix has announced the launch of its ‘Travel Style Insurance’ programme in the US, which aims to offer travellers support in the case of lost luggage. The package will be available to all travellers, regardless of whether they are a Stitch Fix member or not. For those who have signed up to the insurance and have ultimately...

Fashion

Stitch Fix launches latest Elevate collection alongside six entrepreneurs

Online personal styling platform Stitch Fix has launched its newest Elevate collection as part of its annual programme designed to support POC-owned businesses. Looks from the collection, which is available to exclusively shop via Stitch Fix’s website, feature designs from six entrepreneurs of colour. Launched in 2020, the platform’s ‘Elevate’...

Podcast

Should you Manufacturing or Wholesaling?

Fashionpreneurship podcast asks the question: 'Should I manufacture or do wholesaling?' in this 30-minute episode. The host magnifies the pros and cons of each, and how to figure out what is right for your business.

Podcast

Stitch Fix's CEO on the bounce back of retail post-pandemic

On this episode of The Future of Fashion by Vogue Business, Elizabeth Spaulding, CEO of Stitch Fix. Spaulding, who took up the role shortly before the pandemic hit, discusses new features in the before-you-buy sector, and rebound mode as the industry and economy picks back up.

Fashion

Stitch Fix launches new tweens fashion line

Ahead of the back-to-school season, Stitch Fix has launched its first exclusive fashion brand dedicated to serving tweens, 'The Commons'. The 150-piece tweens collection will be available exclusively through Stitch Fix Kids and has been created in response to a 45 percent increase in client requests for products that serve the tween age...

BusinessFeatured

Stitch Fix announces job cuts amid widening Q3 losses

Online styling platform Stitch Fix announced Thursday plans to cut 15 percent of its salaried workforce as its losses widened and revenues fell in the third quarter. In the three months ended April 30, the US company made a net loss of 78 million dollars compared to a loss of 18.8 million dollars a year earlier, while it made an EBITDA loss of...

Business

Stitch Fix appoints new chief marketing officer

Stitch Fix has announced the appointment of Debbie Rose Woloshin to chief marketing officer, effective immediately. Woloshin will be joining the online personal shopping platform from Marc Jacobs, where she served in the same position. She has also led marketing at the Frye Company and Ann, Inc. In her new role, Woloshin will be responsible for...

Fashion

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...

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....

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...