Stitch Fix

Stitch Fix, Inc.
Company typePublic
IndustryTechnology
FoundedFebruary 2011; 13 years ago (2011-02), in Cambridge, Massachusetts, U.S.
Founders
HeadquartersOne Montgomery Tower, San Francisco, California,
U.S.
Key people
ServicesStyling
RevenueDecrease US$1,337 million (2024)
Negative increase −US$133 million (2024)
Negative increase −US$129 million (2024)
Total assetsDecrease US$487 million (2024)
Total equityDecrease US$187 million (2024)
OwnersKatrina Lake (16.6%)[1]
Number of employees
4,570 (2024)
Websitestitchfix.com
Footnotes / references
Financials as of August 3, 2024.[2]

Stitch Fix, Inc. is an online personal styling service in the United States. It uses recommendation algorithms and data science to personalize clothing items based on size, budget and style. The company was founded in 2011 and had an initial public offering in 2017 with a valuation of $1.6 billion.[3] Stitch Fix generated $1.6 billion in net revenue in its fiscal year 2023, a decrease of 21% year-over-year and reported 3,297,000 active clients in September 2023.[4] It is headquartered in San Francisco, California and employs 5,860 people worldwide as of July 29, 2023.[5]

  1. ^ Thomas, Lauren; Lauren Hirsch (17 November 2017). "Stitch Fix shares retreat after IPO pop, close at $15.15". CNBC.
  2. ^ "Stitch Fix, Inc. FY 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 25 September 2024.
  3. ^ Debter, Lauren. "Stitch Fix Shares Pop In IPO, With Retailer Raising $120 Million". Forbes. Retrieved 2020-04-23.
  4. ^ "Stitch Fix Announces Fourth Quarter and Fiscal Year 2023 Financial Results". Stitch Fix. Retrieved 2024-02-06.
  5. ^ "Stitch Fix FORM 10-K". Stitch Fix. Retrieved 2024-02-06.