As the year draws to a close, style, and trend forecasters, have been hard at work analyzing data to predict what some of the hottest styles and trends in fashion will be in 2025. Shaped by pop culture, mainstream media, consumer habits, runway designer looks, and even political shifts, it seems like we're in for a year of cowboy-themed looks,...
18 Dec 2024
Online personal styling service Stitch Fix reported first quarter net revenue of 318.8 million dollars, a decrease of 12.6 percent year-over-year. For the second quarter, the company forecasts revenue to range between 290 million dollars to 300 million dollars, down between 9 to 12 percent and adjusted Ebitda in the range of 8 million dollars to...
11 Dec 2024
Online personal styling service Stitch Fix reported fourth quarter net revenue of 319.6 million dollars, decreased by 12.4 percent or by 18.3 percent adjusted for the impact of the extra week. Gross margin for the quarter of 44.6 percent, increased by 50 basis points, net loss was 35.7 million dollars and diluted loss per share was 29 cents. The...
26 Sept 2024
The fashion startup ecosystem is experiencing a significant downturn as founders grapple with an increasingly challenging fundraising environment. Recent data from Carta, a leading equity management platform, reveals a troubling trend of company closures that has been steadily rising over the past two years, with fashion-focused startups...
19 Aug 2024
Personal styling platform Stitch Fix has announced the appointment of Lillian Reaume as the company’s new chief people officer. Reporting to CEO Matt Baer, Reaume will oversee all people-related functions for Stitch Fix, including talent management, leadership development and DEI. She joins the company from cybersecurity firm Rubrik, where she...
14 Mar 2024
Monthly subscription fees ranging from 79 to 240 dollars for rented clothes may be perceived as an unnecessary expense, prompting subscribers to cancel their memberships. It is one of the reasons companies like Rent the Runway is banking on clothing from in-demand designers to retain customers and counter recent subscriber losses, while rival...
14 Jan 2024
In an industry that is forever evolving, trends are as fast-paced as ever before. As the end of the year looms in sight, many companies are looking for ways to stay ahead of the curve. Enter Stitch Fix, whose annual trend report is here to help brands and retailers identify some of the most sought-after-fashion trends for 2024. Driven by...
14 Dec 2023
For the first quarter, Stitch Fix, Inc. reported net revenue of 364.8 million dollars, a decrease of 18 percent, while net loss reached 26.2 million dollars and diluted loss per share was 22 cents. The company’s adjusted EBITDA was 8.6 million dollars, which Stitch Fix said, exceeded the high end of its first quarter 2024 guidance. During the...
6 Dec 2023
Personal styling service Stitch Fix has announced the appointment of Tony Bacos as its chief product and technology officer, beginning immediately. Bacos, who will report to CEO Matt Baer, has been tasked with driving product innovation, optimising the platform’s client experience and growing the business. As part of his role, Bacos will work...
7 Nov 2023
Stitch Fix has reported a 22 percent drop in revenue in the fourth quarter, but managed to narrow its net losses amid an ongoing turnaround strategy. The online styling platform generated net revenue of 375.8 million dollars in the quarter ended July 29, down from 481.9 million dollars the prior year. On a brighter note, the company narrowed its...
19 Sept 2023
Personal styling platform Stitch Fix has confirmed its departure from the UK market after it was heavily impacted by the current macroeconomic climate. In early June, the company had revealed it was mulling the decision to exit from the country in the fiscal year 2024 after its net revenue dropped by 20 percent for the third quarter of the...
29 Aug 2023
Personal styling platform Stitch Fix has announced the appointment of Matt Baer as chief executive officer and member of the board of directors, effective June 26. Baer, the former chief customer and digital officer at Macy’s, will be aided by founder, interim CEO and executive chairperson of the board Katrina Lake, who will work closely with...
15 Jun 2023