Stitch Fix

Personalized online clothing styling service

San Francisco, California, United States

About Stitch Fix

Stitch Fix provides a personalized online styling service that uses data and algorithms to curate fashion selections for clients. Customers fill out a style profile detailing their size, preferences, and budget, and then receive a selection of clothing items shipped to their home. They only pay for what they keep, with a styling fee applied to purchases. The company aims to simplify shopping and expand its services, including direct buy options and international reach.

San Francisco, CaliforniaHeadquarters
2011Year Founded
$46.3MTotal Funding
IPOCompany Stage
Data & Analytics, Consumer GoodsIndustries
1,001-5,000Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Stock Options

Risks

Competitors' virtual try-on tech may diminish Stitch Fix's unique selling proposition.
Recent revenue decline indicates potential dissatisfaction with Stitch Fix's services.
New leadership roles during transformation may disrupt employee morale and productivity.

Differentiation

Stitch Fix uses AI to deliver personalized fashion selections to clients.
The company combines subscription service with direct sales for a unique business model.
Stitch Fix offers a detailed style profile to tailor clothing recommendations.

Upsides

Increased demand for personalized shopping boosts Stitch Fix's AI-powered styling services.
Virtual try-on technology offers opportunities for enhancing Stitch Fix's platform.
AI for inventory management can optimize Stitch Fix's stock levels and reduce overproduction.

Funding

Total raised$46.25 M
Latest valuation$1.40 B
StageIPO
POST IPO EQUITY
1/31/2019
$43
IPO
10/31/2017
$120
$1.40 B
SERIES B
9/30/2013
$12
$60.00 M
SEED
12/31/2010
$1
$3.75 M