Intel Corp forecast sales and profits that were below investor expectations when it reported its first-quarter earnings on Thursday, and high manufacturing costs from mistakes in the past are a big part of the reason. Intel said it expects gross margins of 48% in the second quarter, down from the 50.4% it reported for the first quarter and far below its historical norms that were often in the...
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How Stitch Fix Fumbled a Make-or-Break Pivot
Stitch Fix planned to revive sales growth by turning its original strategy on its head. Inside the company, there were warning signs that the effort would struggle. The retailer, which is best known for sending customers five-piece boxes of clothes and accessories picked out by stylists, hoped to broaden its appeal by using algorithms to recommend items for people to buy directly online. But a...
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