As Stitch Fix continues to try mending itself, the online fashion company’s fiscal fourth-quarter earnings update looked mixed at best with some areas beating expectations and others setting off investors’ nerves. On Tuesday, the San Francisco-based online styling service reported revenue of $319.6 million over the three months ending on Aug. 3. Net loss clocked … Read more
In a “second phase of transformation,” Stitch Fix is elevating its shopping experience, expanding its assortments and putting a brighter spotlight on its network of stylists. “It’s an inflection point for us,” said Matt Baer, Stitch Fix’s chief executive officer for the past 14 months who previously served as Macy’s chief customer and digital officer … Read more
Stitch Fix Inc.’s fiscal third quarter had investors feeling better about the styling service’s comeback prospects. Shares Stitch Fix shot up 22.8 percent to $3.28 in after-hours trading after the company showed some signs of traction even as it continued to post sales declines and losses on the bottom line. Net losses came in at … Read more
Matt Baer, who’s been chief executive officer of Stitch Fix Inc. since June, has a plan to get the styling service back to its roots and to “reimagine” its client experience. But as he puts that to work to build for the future, the one-time digital darling is continuing to rack up losses as its … Read more
STYLIST SHIFT: Stitch Fix is changing the way it employs stylists, as it plans to sunset full-time roles at the end of the first quarter, the company confirmed to WWD via email. According to a spokesperson, the move, which takes effect on March 31, is part of a strategy to “evolve our business to ensure … Read more
