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access the customer gives them to their social media outlets. The customer schedules a date to receive their items, which is referred to as a "Fix". Once the shipment is received, the customer has three days to choose to keep the items or return some or all of them. If the customer keeps at least one item, the initial styling fee is credited towards the cost of the item. In addition to the styling fee being credited, if the customer decides to keep all five items, the customer receives 25% off the total cost of the items. Customers choose the shipping frequency, such as every two weeks, once a month, or every two months. The company also supports integration with
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in 2017 with a valuation of $ 1.6 billion. Stitch Fix generated $ 1.6 billion in net revenue in its fiscal year 2023, a decrease of 21% year-over-year and reported 3,297,000 active clients in
September 2023. It is headquartered in San Francisco, California and employs 5,860 people worldwide as of
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service that sends individually picked clothing and accessories items for a one-time styling fee. Customers fill out a survey online about their style preferences. A stylist at the company picks five items to send to the customer. Stylists pick items based on a customer's survey answers and any
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On June 2, 2020, the company announced layoffs for 1,400 employees, which was 18% of its total workforce, all of whom were remote workers in
California. The affected employees were given the option of remaining with the company if they relocated. The online retailer also announced it would hire
464:
profiled the company and called attention to "its data prowess across every aspect of its business to reinvent the $ 334 billion U.S. apparel industry." It was recognized as one of the "50 Most
Innovative Companies" for 2019. Stitch Fix hosted a
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In 2014, Stitch Fix started to be profitable. In July 2016, the company ended its fiscal year with recorded sales of $ 730 million, and in May 2017, the company had raised $ 42 million from outside investors.
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In August 2021, Elizabeth
Spaulding replaced founder Katrina Lake as CEO. In January 2023, Spaulding stepped down as CEO, and Lake returned as interim CEO. Former Macy's executive Matt Baer was named CEO in June 2023.
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roughly 2,000 stylists in cities that have a lower cost of living than those in
California, such as Austin, Cleveland, Dallas, Minneapolis, and Pittsburgh.
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were brought against Stitch Fix alleging that the company had violated federal securities laws by making misleading statements about its growth prospects.
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818:"Online clothing retailer Stitch Fix is laying off 1,400 California employees and instead hiring in lower-cost cities like Austin and Minneapolis"
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371:. The company began by catering only to women, but it has subsequently expanded to men's clothing, plus sizes, maternity wear, and kids.
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also highlighted a new feature known as "Shop Your Looks," which suggests items matched to those previously purchased by customers.
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boards, allowing customers to add photos of fashion looks that they like. These boards may be viewed by a Stitch Fix stylist.
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https://investors.stitchfix.com/news-releases/news-release-details/stitch-fix-announces-appointment-matt-baer-chief-executive
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buyer Erin
Morrison Flynn. The business was originally called Rack Habit, and was initially run out of Lake's apartment in
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894:"Stitch Fix founder Katrina Lake returns as CEO. Here are 5 others who went back to run their former companies"
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to personalize clothing items based on size, budget and style. The company was founded in 2011 and had an
844:"Stitch Fix is laying off 1,400 employees in California, and plans to hire in lower-cost U.S. cities"
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1066:"Stitch Fix's radical data-driven way to sell clothes–$ 1.2 billion last year–is reinventing retail"
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869:"Stitch Fix sells $ 1.7 billion of clothes each year. Now, its visionary CEO is passing the baton"
981:"Why Did These $ 68 Shorts From Stitch Fix Show Up With a $ 24.97 Price Tag From Nordstrom Rack?"
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article about recommendation algorithms, data science and astrophysics in
Silicon Valley.
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As of 2019, the company had 8,000 employees including 5,100 stylists and more than 100
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1027:"Stitch Fix: The Amazing Use Case Of Using Artificial Intelligence In Fashion Retail"
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721:"Stitch Fix Goes Public Marketing The First Tech IPO Led By a Woman This Year"
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622:"Q&A: Stitch Fix founder Katrina Lake, on melding fashion and technology"
557:"Stitch Fix Announces Fourth Quarter and Fiscal Year 2023 Financial Results"
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791:"The personal stylists who are training the bots to be personal stylists"
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533:"Stitch Fix Shares Pop In IPO, With Retailer Raising $ 120 Million"
1013:"By Humanizing Brands With AI, Common Marketing Issues Will Cease"
962:"This hot fashion startup eliminates the hardest part of shopping"
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999:"Stitch Fix Uses Machine Learning to Augment the Human Touch"
739:"Stitch Fix hit with flurry of lawsuits over growth claims"
496:"Stitch Fix shares retreat after IPO pop, close at $ 15.15"
1048:"The Style-Quantifying Astrophysicists of Silicon Valley"
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697:"Why Stitch Fix and Its CEO Stand Out in Silicon Valley"
665:"As Department Stores Close, Stitch Fix Expands Online"
1107:"Stitch Fix debuts new brand campaign on Oscars night"
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Merced, Michael J. De La; Benner, Katie (2017-05-10).
1086:"Stitch Fix Set Up a Red Carpet for Real Guys in NYC"
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in New York City and had a 60-second spot before the
641:"A new shopping 'fix' - themed packages of products"
386:. It was the first female-led company to launch an
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767:"Need Some Fashion Advice? Just Ask the Algorithm"
494:Thomas, Lauren; Lauren Hirsch (17 November 2017).
514:"Stitch Fix, Inc. 2023 Annual Report (Form 10-K)"
929:"Stitch Fix Review: What to Know Before You Buy"
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16:Online personal styling service (company)
317:Financials as of July 29, 2023.
1159:Internet properties established in 2011
603:"Are You There, Margaret? It's Me, Ali"
518:U.S. Securities and Exchange Commission
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436:and has combined personal stylists and
1149:American companies established in 2011
440:(AI) for personalized recommendation.
1169:Retail companies of the United States
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1154:Retail companies established in 2011
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979:Ciambriello, Roo (August 1, 2014).
960:Peterson, Hayley (March 12, 2015).
639:Sanders, Lorraine (July 11, 2014).
471:59th Street–Columbus Circle station
601:Griswold, Alison (April 7, 2014).
359:Stitch Fix was founded in 2011 by
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1174:Companies based in San Francisco
867:Segran, Elizabeth (2021-04-23).
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314:Footnotes / references
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892:York, Alexandra (2023-01-06).
469:-like red carpet event in the
378:In November 2017, the company
330:in the United States. It uses
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1184:2017 initial public offerings
620:Hull, Dana (March 14, 2014).
842:Kolodny, Lora (2020-06-01).
90:; 13 years ago
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393:In October 2018, several
332:recommendation algorithms
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135:San Francisco, California
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369:Cambridge, Massachusetts
328:personal styling service
101:Cambridge, Massachusetts
645:San Francisco Chronicle
355:Stitch Fix delivery box
340:initial public offering
578:"Stitch Fix FORM 10-K"
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1189:Subscription services
395:class action lawsuits
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727:. November 17, 2017.
520:. 20 September 2023.
284:Katrina Lake (16.6%)
131:One Montgomery Tower
1164:Non-store retailing
822:businessinsider.com
796:The Washington Post
475:2019 Academy Awards
290:Number of employees
119:Erin Morrison Flynn
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1088:. 22 February 2019
1015:. 10 January 2019.
933:The New York Times
669:The New York Times
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88:February 2011
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559:. Stitch Fix
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294:5,860 (2023)
263:Total equity
243:Total assets
127:Headquarters
115:Katrina Lake
65:Russell 2000
34:Company type
743:Retail Dive
380:went public
363:and former
160:Matt Baer (
155:chairperson
1143:Categories
1112:2020-04-23
1092:2020-04-23
1071:2020-04-23
946:2022-05-13
903:2023-02-13
878:2022-04-04
853:2020-06-03
802:2020-04-23
776:2020-04-23
748:2018-10-19
706:2018-06-17
682:2017-05-10
587:2024-02-06
582:Stitch Fix
563:2024-02-06
542:2020-04-23
481:References
222:Net income
146:Key people
79:Technology
941:0362-4331
677:0362-4331
427:Pinterest
304:stitchfix
67:component
61:(Class A)
46:Traded as
848:cnbc.com
172:Services
108:Founders
75:Industry
416:Service
347:History
299:Website
180:Revenue
175:Styling
95:2011-02
93: (
85:Founded
57::
1032:Forbes
985:Adweek
939:
827:3 June
675:
537:Forbes
384:Nasdaq
365:J.Crew
281:Owners
276:(2023)
256:(2023)
236:(2023)
215:(2023)
194:(2023)
103:, U.S.
55:Nasdaq
38:Public
1052:Wired
771:Wired
607:Slate
456:Wired
451:Wired
444:Media
99:, in
937:ISSN
829:2020
701:Time
673:ISSN
500:CNBC
334:and
306:.com
190:US$
139:U.S.
59:SFIX
388:IPO
382:on
162:CEO
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