The Unraveling of Stitch Fix

The Journal.

The Wall Street Journal

News, Daily News, Business News

4.2 • 5.8K Ratings

🗓️ 25 January 2023

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Over the last year, fashion company Stitch Fix has lost 95% of its value as the company's attempts to expand beyond subscriptions floundered. WSJ columnist Laura Forman says the decline of Stitch Fix holds broader lessons for tech companies. Further Reading: - Stitch Fix’s Unraveling Should Sow Broader Tech Doubts Further Listening: - Shein Took Over Fast Fashion. Then Came the Backlash. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Archahleg lora foreman writes about consumer tech, but her real obsession is fashion.
0:12.0	She told me that her closet is literally exploding with clothes.
0:16.5	So I asked if I could see it.
0:18.4	Oh, God.
0:19.4	Okay, hold on.
0:20.4	Ready?
0:21.4	Are you ready?
0:22.4	Are you ready for this?
0:23.4	Yeah.
0:24.4	Ready for this?
0:25.4	Here we go.
0:26.4	Oh, my gosh.
0:27.4	See, the sweaters.
0:28.4	Okay.
0:29.4	The shoes are cluttered and littered.
0:32.0	There are boxes on the floor with stuff that didn't fit in the shelves, and it's a large
0:35.8	closet.
0:36.8	It's not a small closet, as you can attest.
0:39.0	So how often are you shopping?
0:41.3	It's a big closet.
0:42.5	Every day.
0:43.5	Every day.
	...

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