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Stitch Fix Shares Jump Over 25% On Cost-Cutting Plans

By
Ann Gehan
· · Source: The Information

Shares of Stitch Fix surged more than 25% on Wednesday, after the online clothing styling service laid out plans to further cut costs and focus on the U.S. as its main market. The cost-cutting measures come amid slowing consumer spending on non-essential purchases like clothing and after Stitch Fix fumbled an effort to revive revenue growth by selling more apparel directly instead of in...

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