Amid ongoing economic challenges, shoppers may be willing to spring for premium fashion service, but as Stitch Fix has seen, they need to know that they are going to be getting enough bang for their buck. These shoppers expect in-depth, personalized guidance, Stitch Fix CEO...
As retailers, brands and marketplaces alike increasingly invest in easy, intuitive user experiences on their eCommerce channels, consumers are coming back to digital more and more. According to data from the CNBC/NRF Retail Monitor, reported Tuesday (March 12), sales at online retailers and other non-store...
As Stitch Fix takes a hit amid its ongoing transformation, the online personal styling service is using its comprehensive insights about its customers to drive loyalty going forward. The company shared in its second-quarter fiscal 2024 earnings results Monday (March 4) that net revenue was down 18% year over...
The rise of digital retail subscriptions has provided consumers with convenience such as scheduled deliveries of regularly used items, eliminating the need for frequent trips to physical stores. Millennials are at the forefront of this trend, with 39% of them relying on subscriptions for most...
March 13, 2024
As retailers, brands and marketplaces alike increasingly invest in easy, intuitive user experiences on their eCommerce channels, consumers are coming back to digital more and more. According to data from the CNBC/NRF Retail Monitor, reported Tuesday (March 12), sales at online retailers and other non-store merchants were up a whopping 18% year over year in […]
January 26, 2024
The rise of digital retail subscriptions has provided consumers with convenience such as scheduled deliveries of regularly used items, eliminating the need for frequent trips to physical stores. Millennials are...
January 04, 2024
Personalized deals and offers can be convenient, but they’re hard to come by. Many consumers are wary about the extent of information that brands and retailers need to provide such...
December 06, 2023
Across the clothing subscription industry, key players are losing members as they turn their focus to driving more revenue from their existing users. Take, for instance, Rent the Runway. The...
September 18, 2023
Stitch Fix is leaning into personalized styling services as it aims to revolutionize the way customers shop. By combining advanced technology with human stylists, the online personal style platform delivers a convenient and tailored shopping experience that sets it apart from other retailers, Stitch Fix CEO Matt Baer said Monday (Sept. 18) during the company’s quarterly earnings […]
June 14, 2023
Stitch Fix’s search for a CEO is over. The online personal style platform on Wednesday (June 14) announced it has named Matt Baer, former chief customer and digital officer at...
June 07, 2023
Stitch Fix is considering withdrawing from the British market as it rethinks its business. The online personal styling service said in an earnings announcement Tuesday (June 6) that it was exploring that option...
January 17, 2023
With its shares down 95% in two years, personal fashion subscription service Stitch Fix has become a cautionary tale of trial and error, The Wall Street Journal (WSJ) reported Tuesday...
