Stitch Fix’s ecommerce business appears to be in a downward spiral. The firm reported a 16% drop in revenue for the three months ended July 30, and projected a 20%-22% drop in revenue for the current quarter. Stitch Fix’s report is the latest sign that the company has struggled to move its business from one centered on sending customers boxes of clothing and accessories selected by stylists,...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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