STITCH FIX AND KEEGAN-MICHAEL KEY PARTNER TO HELP MEN BREAK UP WITH THEIR OUTDATED WARDROBES | Stitch Fix.

Since it was first founded back in 2011, Stitch Fix has gone on to generate huge success. The company posted seven consecutive quarters of more than 20% growth in revenue since 2017 (which was the year it became a public company). It also saw sales in Q3 2019 grow 29% to reach $408.9 million.

Our team of stylists discover the perfect pieces for women, men and kids - including styles for Maternity, Plus and Petites. Your personal stylist pairs with our fit technology to hand select and send clothing and accessories for your one-of-a-kind taste and price range.

This time last year, Stitch Fix had close to 4.2 million active clients. That number is now a little over 3.7 million, according to the company's latest earnings. Stitch Fix reported net revenue of $455.6 million for the first fiscal quarter of 2023, a decrease of 22% year over year.

Cambridge, Massachusetts, U.S. Stitch Fix

Katrina Lake is the Founder of Stitch Fix .

Upon opening a Stitch Fix account, you'll be charged a $20 styling fee, which is credited toward any pieces you keep. The $20 fee applies to every Fix, but so does the credit. As long as you plan on keeping at least one item from each box, the service is essentially free. In that way, Stitch Fix is definitely worth it.

Stitch Fix's hardships continue as the company faces high costs and a decline in demand for its styling service. In the past year, the company has struggled to grow its customer base while dealing with a tight labor market and supply chain issues.

How much does it cost? Stitch Fix isn't a subscription service. Instead, you pay a £10 styling fee, which is redeemable against any items you'd like to purchase, which is reasonable considering postage is free.

Audience composition can reveal a site's current market share across various audiences. stitchfix.com's audience is 32.04% male and 67.96% female. The largest age group of visitors are 25 - 34 year olds.

Carden added that the company has yet to leverage its breadth of shopper data as a new source of revenue. Stitch Fix is expected to continue losing customers going into 2024 due to the shuttering of the U.K. business.

The brand's current CEO, Elizabeth Spaulding, who joined the company as president in 2020 and took over as CEO in August 2021, will be stepping down effective immediately, Lake said. “I will be stepping in as interim CEO and leading the search process for our next CEO,” Lake said Thursday.