It's Wednesday April 14th. Welcome to Marketflowery. I'm Chris Hill with me today, the one

I know on the Osset Charmer. Thanks for being here.

Chris, thank you for inviting me. Excited to talk about the topics you've got lined up

for us today. We've got retail earnings. We've got Coinbase going public, but we're going

to start with StitchFix because founder Katrina Lake is stepping down as CEO. Elizabeth

Spalding is going to move into the corner office later this year. Shares of StitchFix down

more than 4% and I understand it because I think for anyone who puts the phrase founder

lead at the top of their list for reasons to buy a company like StitchFix, I would understand,

you know, I'm not saying, well, she's no longer the CEO because she's going to move over

to be executive chairman. So it's not like she's leaving the company, but I understand

if some die hard StitchFix shareholders are a little flummoxed by this news.

Yeah, you know, Chris, there's so many times when you can watch a CEO transition into the

chairman space or executive chairman space as this is. And you're okay with it because

you do feel they're very close to what's happening strategically. They can chat with the CEO.

Their handpicked CEO in this case successor who was formerly the president of the company

will be until August till this handover occurs. But Katrina Lake, such a unique founder,

she really integrated this idea of data science with fashion selection. And now it seems

almost commonplace as I look back. You think about so many companies that are incorporating

artificial intelligence into their customer facing products. Today it seems commonplace. But

when she founded this company, it wasn't. And I know that StitchFix has had sort of a bumpy

ride, even this last quarter that they reported. Chris, they saw their active engagement with

their client base declining a bit. Net revenue per client or active client that is declined

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