Stitch Fix said it will shutter its United Kingdom operations by the end of the year, the company’s latest cost cutting move, and projected that revenue for its remaining U.S. business could fall as much as 20% in the current quarter. The company’s new CEO Matt Baer , who started in June, has a tall order. Stitch Fix tried to branch out from selling curated boxes of clothes and accessories,...
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The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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