Stitch Fix, an online apparel company focused on personalized recommendations, released FQ1’21 revenues (to Oct. 31) which climbed 10.3% year over year. CEO Katrina Lake cited the firm’s “nimble supply chain (which) will allow us to deliver better client and business results”. Evidence for that can be seen in the comparison of sales growth with a decline in U.S. seaborne imports of 6.9% year over year in calendar Q3’20. The start of Q4 showed a continued decline of 16.1% year over year in October and November combined. That far outperformed traditional apparel suppliers including PVH and...
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