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e-commerce

Stitch Fix’s Revenue Drops 16%

By
Martin Peers
· · Source: The Information

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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