×
164
Fashion Jobs
L'OREAL GROUP
Executive - Sales - Matrix - Cochin
Permanent · Kochi
SUBIR SINHA
General Manager Production Manager
Permanent · Kanpur
RIVAARA LABS
we Are Area Sales Manager Like You to Join Our Sales Team
Permanent · Nashik
CAPITAL PLACEMENT SERVICES
sr.Manager Production Grinding Machines For Vadodara Gujarat
Permanent · Vadodara
L'OREAL GROUP
Area Sales Manager - South Bengal
Permanent · Kolkata
FUTURES AND CAREERS
Job Requirement For "Assistant Production Manager"
Permanent · Renigunta
KEWAL KIRAN CLOTHING LTD
Area Sales Manager (Channel Sales) Rajasthan, Jaipur
Permanent · Jaipur
FEDBANK FINANCIAL SERVICES LTD
Area Sales Manager- Doorstep Gold Loan(Chennai)
Permanent · Chennai
HERO HOUSING FINANCE LIMITED
Area Sales Manager
Permanent · Thane
PROJOBS
Manager Accounts - Garment Manufacturing (Cma)
Permanent · Coimbatore
HECTOR AND STREAK CONSULTING PVT LTD
Production Manager- Diagnostic Portfolio
Permanent · Mumbai
ELITE DECOR PVT LTD
Production Manager & Production Supervisor
Permanent · Vadodara
L'OREAL GROUP
Sales Executive - Professional Division - Bhopal
Permanent · Bhopal
L'OREAL GROUP
Executive - Sales Cpd - Bhatinda (n)
Permanent · Bathinda
L'OREAL GROUP
Sales Executive - Cpd - Bhatinda
Permanent · Bathinda
L'OREAL GROUP
Area Sales Manager, Cpd - Chandigarh
Permanent · Chandigarh
HEALTHKART
Area Sales Manager- Healthkart - Lucknow, Agra, Gwalior
Permanent · Lucknow
HALONIX TECHNOLOGIES PVT LTD
Area Sales Manager - Lighting Retail Sales (Rajkot)
Permanent · Rajkot
ELECTRONICA FINANCE LTD
Area Sales Manager - Bangalore Machinery Loan
Permanent · Bengaluru
NANDANI CREATION LTD
Production Manager
Permanent · Jaipur
ELECTRONICA FINANCE LTD
Area Sales Manager - Kolhapur Machinery Loan
Permanent · Kolhapur
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Jharkhand All District)
Permanent · Ranchi
Published
Jun 1, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Stitch Fix goes for biggest US e-com IPO since Etsy

Published
Jun 1, 2017

E-com game-changer Stitch Fix has reportedly hired investment banks for an IPO that could value the US personalized fashion retailer between $3 billion and $4 billion. It would the biggest US e-commerce IPO since Etsy.


Stitch Fix's IPO will the biggest for a US e-commerce firm since Etsy - Stitch Fix


San Francisco-based Stitch Fix has hired investment banks Goldman Sachs Group Inc and JPMorgan Chase & Co to lead the IPO, four people said this week, asking not to be identified because the matter is confidential.

Stitch Fix, Goldman Sachs and JPMorgan declined to comment.

Founded in 2011 by Harvard Business School graduate Katrina Lake, Stitch Fix has over 5,700 employees. While still not a publicly traded company, it has been boasting its revenues, saying it earned $730 million in sales in its fiscal year for 2016, its third year of profitability.

According to an interview with the New York Times in May, Lake said the company has managed to keep sales up by giving customers what they want, and has kept costs down by operating from a "lean" business model. In the beginning, Stitch Fix chose to rely on word of mouth, not advertising, to promote its business.

"We had a 'lean plan' and a 'lean-lean plan,'" said Lake of the business model.

Stitch Fix sends its customers five personalized apparel and accessories items based on size, budget and style. Customers fill out a survey of their preferences, which the company then uses to select items for them with the aid of a personal stylist. Customers can return what they do not like in the company's prepaid packaging. If a customer decides to keep all items, they receive a 25% discount.

Stitch Fix works with more than 250 women's fashion brands, including Joie and Citizens for Humanity, and more than 30 men's brands including Scotch & Soda. It has also ventured into plus-size and maternity wear.

Stitch Fix is a variant on the popular e-commerce "subscription box" model, in which customers pay to have regular - often monthly - shipments of goods. Stitch Fix offers subscriptions, but does not require customers to subscribe to use their service.

Subscription businesses such as cosmetics supplier Birchbox and athleisure brand Fabletics have proliferated in recent years, offering retailers more predictable revenue streams, albeit at the expense of putting off some customers who do not like the commitment of a subscription.

The reach of subscription businesses has attracted corporate acquirers in recent years. Subscription shave business Dollar Shave Club, for example, agreed last year to be sold to consumer goods company Unilever Plc for $1 billion.

With additional reporting by Reuters

Copyright © 2021 FashionNetwork.com All rights reserved.