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
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 Sep 2021
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
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
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
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
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 Sep 2020
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
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
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
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
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
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