STITCH FIX news and archive

Stitch Fix adds Taco Bell President to Board of Directors

Liz Williams, President of Taco Bell International, is the latest addition to Stitch Fix’s Board of Directors, the company revealed in a statement. Williams is responsible for Taco Bell’s brand strategy and performance in nearly 30 countries. Commenting on the appointment, the company’s founder and CEO, Katrina Lake, said: “she [Williams] brings...

Retail |INTERVIEW Featured

Interview: what Stitch Fix can teach us about the future of retail

“Data is the new oil and artificial intelligence is the oil drill”. These words, uttered by senior ecommerce strategist Jorij Abraham, closed the last IAF World Fashion Convention, held in the Netherlands in October. They followed a seminar in which all panelists unanimously urged retailers to gather data to understand their customers and offer...

Report

Stitch Fix posts Q1 revenue growth of 24 percent

Online personal styling service Stitch Fix, Inc. has announced that active clients of 2.9 million in the first quarter, increased by 22 percent year over year, while net revenue of 366.2 million dollars increased by 24 percent. “We are proud of our results; Q1 was another strong quarter for us,” said Mike Smith, President and COO of Stitch Fix...

People

Stitch Fix adds Zendesk’s founder and CEO to board of directors

Online personal styling service Stitch Fix has announced that Mikkel Svane, founder and CEO of Zendesk, the Danish company that builds software for customer service, is the newest member in its board of directors. “Mikkel’s vision for Zendesk has redefined expectations of what great customer service at scale can be, and made it both more human...

ManagementFeatured

Stitch Fix investors don't believe growth reports

Earlier this month, online personal styling service Stitch Fix reported its remarkably positive fourth quarter earnings. The quarter, which ended July 28, 2018, saw a 25 percent increase in active clients and a net income of 18.3 million dollars. These figures bring Stitch Fix’s active clients to 2.7 million and a 23 net revenue increase percent...

Business

Stitch Fix to enter UK market

Online personal styling service Stitch Fix will soon be launching in the UK. This will be the first foray overseas for the San-Francisco based company founded in 2011. “We are pleased to announce our expansion into the UK by the end of fiscal year 2019”, said the company’s Founder and CEO, Katrina Lake, in a statement shared with FashionUnited...

Report

Stitch Fix: Q4 net revenues rise 23 percent, announces expansion to UK

Online personal styling service Stitch Fix, Inc. for its fourth quarter ended July 28, 2018 reported 25 percent increase in active clients to 2.7 million, while net revenue of 318.3 million dollars, rose 23 percent year over year. The company said net income for the quarter was 18.3 million dollars and adjusted EBITDA was 11.1 million dollars,...

Retail

Stitch Fix ventures into kidswear

Stitch Fix, the online service which sends clients boxes with clothing items handpicked by a personal stylist, allowing them to choose which items to keep and which ones to send back, has been extended to include kidswear. Launched today, Stitch Fix Kids features clothing and accessories from over 50 brands in sizes 2T to 14, with average prices...

People

Stitch Fix appoints new Chief Marketing Officer

Deirdre Findlay has been appointed Chief Marketing Officer at Stitch Fix, the online service in which a personal stylist picks 5 pieces of clothing for customers, based on their profile. The customer can then decide which items to keep and which ones to return. Findlay will lead all marketing, creative and communications initiatives for the...

Report

Stitch Fix appoints new Chief Marketing Officer

ManagementFeatured

Stitch Fix grows Q3 revenue by 29 percent as it prepares to launch Stitch Fix Kids

Online personal styling service, Stitch Fix, Inc., for its third quarter of fiscal year 2018 ended April 28, 2018 reported 30 percent increase in active clients to 2.7 million, while net revenue of 316.7 million dollars, increased 29 percent year over year. The company also recorded net income of 9.5 million dollars, adjusted EBITDA of 12.4...

Business

Stitch Fix misses profit but grows client base

Retail Dive has reported that Stitch Fix's second quarter revenue rose 24.4 percent to 295.9 million dollars, up from 237.8 million dollars last year, and beating the FactSet analyst expectation of 291 million dollars. Shares fell yesterday as profit of 3.6 million dollars or 2 cents per share fell short of FactSet's estimate of 6 cents per...