Stitch Fix
In the United States and the United Kingdom, Stitch Fix is an online personal styling service. It personalizes clothing items depending on size, budget, and style using recommendation algorithms and data analytics. The company was created in 2011 and had a $1.6 billion valuation when it went public in 2017. Stitch Fix made over $1 billion in sales last year and had 3.4 million clients as of June 2020. It has 8,000 employees worldwide and is based in San Francisco, California.
For a one-time styling fee, Stitch Fix is a personal styling service that sends you hand-picked apparel and accessories. Customers respond to an online survey about their personal style preferences. A firm stylist selects five products to send to the customer. Stylists choose goods based on a customer's survey responses and any social media access the customer grants them. A "fix" is a date set by the consumer for when they will get their things. After receiving the cargo, the customer has three days to decide whether to keep or return some or all of the items. The initial styling fee is applied to the cost of the item if the buyer maintains at least one item. In addition to receiving a credit for the styling charge, if the customer decides to keep all five things, he or she will receive a 25% discount on the overall cost of the items. Customers can pick whether they want their packages delivered every two weeks, once a month, or every two months. Customers can also post photographs of fashion styles they like on their Pinterest boards, which the firm encourages. A Stitch Fix stylist can look at these boards.
For individualized recommendations, the company employs data science and combines human stylists with machine learning (AI).
Founded: 2011
Address: 1 Montgomery St San Francisco, California, USA
Fee: $20 applied as credit
Best for: Women of all sizes
Website: https://www.stitchfix.com/
Facebook: https://www.facebook.com/stitchfix/
Instagram: https://www.instagram.com/stitchfix/