Subscription service Stitch Fix plans to lay off 1,400 California stylists due to the high cost of doing business in that state.

Clothing Subscription Retailer Stitch Fix Sees Increase in Subscribers But Reports Net Loss of $33.9 Million

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Clothing subscription retailer Stitch Fix released mixed financial results for the third quarter of their 2020 fiscal year. For the period ended May 2, 2020, the company reported 3.4 million active clients, a 9% increase year-over-year. Net revenue per client increased 6% to $498. While this was the eighth consecutive quarter of growth, net revenue […]

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