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Tag: stitch

Stitch Fix shares are tanking, biz could be near ‘saturation point’

Katrina Lake, founder and chief executive officer of Stitch Fix Inc. Patrick T. Fallon | Bloomberg | Getty Images Stitch Fix shares are cratering as Wall Street questions the longevity of a business that ships customers clothes on a fixed basis, using data science to curate outfits they might like. Its stock was last down …

Stitch Fix shares are tanking, biz could be near ‘saturation point’Read More

Stitch Fix (SFIX) reports second quarter fiscal 2020 sales miss

Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix shares tumbled more than 40% Monday after the personal styling service reported quarterly sales that missed analysts’ estimates and issued a disappointing outlook for the current quarter and full year. In a separate letter to shareholders, Stitch Fix said it now expects net revenue …

Stitch Fix (SFIX) reports second quarter fiscal 2020 sales missRead More

Stitch Fix CEO on future of company as shares soar on strong quarter

Stitch Fix is finding success in an evolving retail landscape because its business embodies the new consumer preference, CEO Katrina Lake told CNBC on Tuesday. “Today people want to be treated like unique individuals and they want to be respected for their preferences,” Lake said on “Squawk Alley.” “And I think our model is really …

Stitch Fix CEO on future of company as shares soar on strong quarterRead More