Stitch Fix

[3] 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.

[9][10] The company began by catering only to women, but it has subsequently expanded to men's clothing, plus sizes, maternity wear, and kids.

[11] In October 2018, several class action lawsuits were brought against Stitch Fix alleging that the company had violated federal securities laws by making misleading statements about its growth prospects.

[15] The online retailer also announced it would hire 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.

[19] In June 2022, Stitch Fix laid off approximately 15% of its salaried staff, which equated to around 330 employees, citing slowing growth in the e-commerce retail industry as the reason for the cuts.

[20] In January 2023, Stitch Fix announced significant layoffs, cutting approximately 20% of its salaried workforce, alongside the departure of CEO Elizabeth Spaulding and the return of founder Katrina Lake as interim CEO; this decision was made due to declining sales and a need to restructure the company.

[25][26][27] Stitch Fix was referenced in a Wired article about recommendation algorithms, data science and astrophysics in Silicon Valley.

[29] Stitch Fix hosted a Golden Globes-like red carpet event in the 59th Street–Columbus Circle station in New York City and had a 60-second spot before the 2019 Academy Awards.

Stitch Fix delivery box