Stitch Fix Number of Employees, Statistics, Diversity, Demographics, and Facts - Zippia (2024)

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Stitch Fix Number of Employees, Statistics, Diversity, Demographics, and Facts - Zippia? ›

Stitch Fix has 11,260 employees. 69% of Stitch Fix employees are women, while 31% are men. The most common ethnicity at Stitch Fix is White (53%). 27% of Stitch Fix employees are Hispanic or Latino.

Stitch Fix generated $1.6 billion in net revenue in its fiscal year 2023, a decrease of 21% year-over-year and reported 3,297,000 active clients in September 2023. It is headquartered in San Francisco, California and employs 5,860 people worldwide as of July 29, 2023.

This time last year, Stitch Fix had close to 4.2 million active clients. That number is now a little over 3.7 million, according to the company's latest earnings. Stitch Fix reported net revenue of $455.6 million for the first fiscal quarter of 2023, a decrease of 22% year over year.

Stitch Fix's hardships continue as the company faces high costs and a decline in demand for its styling service. In the past year, the company has struggled to grow its customer base while dealing with a tight labor market and supply chain issues.

Its decision came down to its ongoing strategy refocusing, initiated in a bid to improve efficiency and maintain profitability. Stitch Fix first launched in the UK in 2019, in a bid to change consumer shopping habits.

In its most recent quarter, the online apparel retailer's business continued to unravel, with its number of active customers dropping 17% year over year.

Stitch Fix in recent quarters has narrowed its losses and grown margins, in part due to a tight grip on expenses. But profits remain elusive, and its sales and number of active customers have both continued to fall in recent quarters.

In fiscal 2023, Stitch Fix's revenue decreased by 21% year-over-year, while its number of active clients decreased by 13%.

Stitch Fix's CEO is Matt Baer, appointed in Jun 2023, has a tenure of less than a year. total yearly compensation is $9.85M, comprised of 0.7% salary and 99.3% bonuses, including company stock and options. directly owns 0.87% of the company's shares, worth $2.34M.

Stitch Fix is doing away with full-time styling positions as of March 31, the company confirmed by email. The news was first reported by Modern Retail. As of July 29, 2023, the styling box retailer employed about 2,620 stylists, according to its most recent annual report.

What is the annual revenue of Stitch Fix? ›

According to Stitch Fix 's latest financial reports the company's current revenue (TTM ) is $1.46 B. In 2023 the company made a revenue of $1.53 B a decrease over the years 2022 revenue that were of $1.93 B. The revenue is the total amount of income that a company generates by the sale of goods or services.

In fiscal 2023, Stitch Fix's revenue decreased by 21% year-over-year, while its number of active clients decreased by 13%. Meanwhile, newer bets like its à la carte shopping service, Freestyle, haven't panned out as planned.