Stitch Fix news and archive

Should you Manufacturing or Wholesaling?

Fashionpreneurship podcast asks the question: 'Should I manufacture or do wholesaling?' in this 30-minute episode. The host magnifies the pros and cons of each, and how to figure out what is right for your business.

Podcast

Stitch Fix's CEO on the bounce back of retail post-pandemic

On this episode of The Future of Fashion by Vogue Business, Elizabeth Spaulding, CEO of Stitch Fix. Spaulding, who took up the role shortly before the pandemic hit, discusses new features in the before-you-buy sector, and rebound mode as the industry and economy picks back up.

PeopleFeatured

Stitch Fix founder steps down as CEO, successor announced

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 “...

People

Stitch Fix taps Amazon exec as new chief product officer

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...

People

Stitch Fix appoints Youtube's chief product officer to board

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...

Fashion

Stitch Fix launches Elevate, a grant and mentorship program

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...

Business

Stitch Fix swings to loss but returns to revenue growth

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...

Business

Stitch Fix to lay off around 1,400 US employees

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...

Business

Stitch Fix Q2 sales fall short of expectations

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...

Business

Stitch Fix reports rise in revenue, names new president

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...

Fashion Featured

2019 Recap: our best interviews

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...

Business

Stitch Fix buys digital wardrobe service Finery

Stitch Fix is in a phase of growth. The online personal styling service has purchased the technology from Finery, a digital wardrobe startup founded by model Brooklyn Decker and journalist Whitney Casey. Finery announced the news in an email sent to its users on Friday. The message stated, "Our original goals were to be a productivity platform...