After a successful beta trial, Amazon has officially launched its Prime Wardrobe "try before you buy" service designed to give the e-commerce giant a competitive edge against Stitch Fix and other wardrobe services.
Stitch Fix on Thursday reported quarterly revenue and profit that blew past Wall Street estimates, as it added more subscribers to its personalised online clothing service, triggering a 12 percent rise in its shares.
A report released by Brightpearl on Wednesday suggests that the introduction of try-before-you-buy services could spell disaster for unprepared e-commerce retailers, swamping them with returns and obliterating margins.
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.
Tommy Hilfiger, IBM and The Fashion Institute of Technology have teamed up for an Artificial Intelligence pilot project. The project called ‘Reimagine Retail’ will have AI play the lead in the design creation process.
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.