The retail giant has unveiled ‘Personal Shopper by Prime Wardrobe', a styling service for Amazon Prime members that will see them offered a personalized selection of fashion pieces from across its womenswear selection.
US online personal styling service Stitch Fix reported another strong quarter on Monday with net revenue up 25 percent to $295.9 million, as the number of active clients climbed to 2.5 million, and new products excelled.
US styling service Stitch Fix reported stronger-than-expected quarterly earnings on Tuesday, despite a 71% decline on last year. It was the first financial report since its $120 million IPO launch at the end of November.
Apparel consumers are subscribing to a new way of shopping and apparel subscription services are examples of the new shopping channel in the evolving $217.6 billion US apparel market, says a recent report.
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.