Microsoft shares initially dropped more than 5% after the software giant reported that sales grew 20% to $51.7 billion in its fiscal second quarter ended Dec. 31 compared to the previous year, although they rebounded later on after the software giant shared its sales forecast for its current quarter and full fiscal year. While this marked the first time Microsoft has topped $50 billion in...
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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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