Stitch Fix news and archive

Trends for 2025: The Color Purple, Cowboy Boots & Play on Proportions

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,...

Business

Stitch Fix posts 12.6 percent drop in Q1 revenues

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...

Business

Stitch Fix Q4 revenues decline by 12.4 percent

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...

BusinessFeatured

Fundraising crunch could hit fashion start-ups

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...

Business

Stitch Fix Q3 revenues decline 16 percent

Stitch Fix’s third quarter net revenue of 322.7 million dollars, decreased 16 percent year-over-year. Gross margin for the quarter of 45.5 percent, increased 280 basis points, net loss was 22 million dollars and diluted loss per share was 18 cents. The company reported adjusted EBITDA of 6.7 million dollars. Commenting on the third quarter...

People

Stitch Fix appoints new chief people officer

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...

Business

Stitch Fix posts drop in quarterly revenue amid transformation efforts

Personal styling platform Stitch Fix has posted its financial results for the second quarter of FY24 amid a transformation strategy that is currently underway at the company. Despite various efforts to improve on results, including ceasing operations in the UK, a move reflected in the latest publication, there was still a notable 18 percent...

Retail

Some clothing rental businesses are seeing subscribers dwindle

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...

FashionFeatured

What we’ll wear in 2024: 8 key trends from Stitch Fix

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...

Business

Stitch Fix Q1 revenues decline by 18 percent

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...

Business

Stitch Fix names new chief product and technology officer

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...

Business

Stitch Fix posts drop in Q4 revenue, but narrows losses

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...