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Category: Stitch Fix (SFIX)
Date: 16 November 2020 Stock price of Stitch Fix: $35.33 We take a look at the press announcement from Stitch Fix (SFIX) in which they announced that Neal Mohan, Chief Product Officer at Youtube has been appointed to their board of directors.
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I'm excited to welcome Neal to our Board of Directors He brings tremendous digital product leadership and outstanding operational experience. As we continue to revolutionize the consumer shopping experience and help our clients find what they love, Neal's insight and expertise will be invaluable - Katrina Lake, founder and CEO of Stitch Fix."
More About Stitch Fix
Stitch Fix is the world’s leading online personal styling service. We combine data science and human judgment to deliver apparel, shoes, and accessories personalized to our clients’ unique tastes, lifestyles, and budgets. Our service is available for women, men, and kids, and designed to help all our clients look, feel, and be their best selves.
Since our founding in 2011, we have helped millions of men, women, and kids discover and buy what they love through personalized shipments of apparel, shoes, and accessories, hand-selected by Stitch Fix stylists and delivered to our clients’ homes. We call each of these shipments a Fix. Clients can choose to schedule automatic shipments or order a Fix on demand after they fill out a style profile on our website or mobile app. For each Fix, we charge clients a styling fee that is credited toward items they purchase. Alternatively, select U.S. clients may purchase an annual Style Pass, which offers unlimited styling for the year for a $49 fee that is also credited towards items they purchase. After receiving a Fix, our clients purchase the items they want to keep and return the other items, if any, at no additional charge. In addition, our Extras feature allows clients to select items such as socks, bras, underwear, and other intimates that are then added to the items their stylist selects for their Fix. Stitch Fix was founded with a focus on Women’s apparel. In our first few years, we were able to gain a deep understanding of our clients and merchandise and build the capability to listen to our clients, respond to feedback, and deliver the experience of personalization. More recently, we have extended those capabilities into Petite, Maternity, Men’s, Plus, and Kids apparel, as well as shoes and accessories.
Since our founding in 2011, we have helped millions of men, women, and kids discover and buy what they love through personalized shipments of apparel, shoes, and accessories, hand-selected by Stitch Fix stylists and delivered to our clients’ homes. We call each of these shipments a Fix. Clients can choose to schedule automatic shipments or order a Fix on demand after they fill out a style profile on our website or mobile app. For each Fix, we charge clients a styling fee that is credited toward items they purchase. Alternatively, select U.S. clients may purchase an annual Style Pass, which offers unlimited styling for the year for a $49 fee that is also credited towards items they purchase. After receiving a Fix, our clients purchase the items they want to keep and return the other items, if any, at no additional charge. In addition, our Extras feature allows clients to select items such as socks, bras, underwear, and other intimates that are then added to the items their stylist selects for their Fix. Stitch Fix was founded with a focus on Women’s apparel. In our first few years, we were able to gain a deep understanding of our clients and merchandise and build the capability to listen to our clients, respond to feedback, and deliver the experience of personalization. More recently, we have extended those capabilities into Petite, Maternity, Men’s, Plus, and Kids apparel, as well as shoes and accessories.
Press release from Stitch Fix
SAN FRANCISCO, Oct. 22, 2020 /PRNewswire/ -- Stitch Fix Inc. (NASDAQ: SFIX) , the leading online personal styling service, announced that Neal Mohan has joined Stitch Fix's Board of Directors, effective October 21, 2020.
Neal Mohan is Chief Product Officer at YouTube. He is responsible for YouTube products, user experience, and trust and safety on all platforms and devices globally. This includes YouTube on mobile, desktop and TV devices, experiences like YouTube Music, Kids, and VR, and YouTube's two subscription services, YouTube Premium and YouTube TV. Previously, Neal was Senior Vice President of Display and Video Ads at Google. In that role, he was responsible for the company's advertising offerings on YouTube, the Google Display Network, AdSense, AdMob, and the DoubleClick family of programmatic ad platform products. He focused on growing the overall digital media industry by building innovative solutions for millions of Google's advertising and media partners around the world.
"I'm excited to welcome Neal to our Board of Directors," said Katrina Lake, founder and CEO of Stitch Fix. "He brings tremendous digital product leadership and outstanding operational experience. As we continue to revolutionize the consumer shopping experience and help our clients find what they love, Neal's insight and expertise will be invaluable."
Mohan is the ninth member of Stitch Fix's Board of Directors, which is a majority female. Board members include: Steve Anderson, founder of Baseline Ventures; Bill Gurley, general partner of Benchmark Capital; Marka Hansen, former president of Gap North America and Banana Republic; Kirsten Lynch, chief marketing officer and executive vice president at Vail Resorts, Inc.; Sharon McCollam, former CFO of Best Buy Co. Inc.; Liz Williams, CEO of Drybar; Mikkel Svane, founder and CEO of Zendesk and Stitch Fix founder and CEO, Katrina Lake.
"Katrina and team have built a powerful platform that delivers highly personal digital product experiences that delight millions of people," said Mohan. "Stitch Fix is a service with incredible potential, and I'm thrilled to be part of this next phase of growth. I look forward to sharing my perspectives with the team."
Neal Mohan is Chief Product Officer at YouTube. He is responsible for YouTube products, user experience, and trust and safety on all platforms and devices globally. This includes YouTube on mobile, desktop and TV devices, experiences like YouTube Music, Kids, and VR, and YouTube's two subscription services, YouTube Premium and YouTube TV. Previously, Neal was Senior Vice President of Display and Video Ads at Google. In that role, he was responsible for the company's advertising offerings on YouTube, the Google Display Network, AdSense, AdMob, and the DoubleClick family of programmatic ad platform products. He focused on growing the overall digital media industry by building innovative solutions for millions of Google's advertising and media partners around the world.
"I'm excited to welcome Neal to our Board of Directors," said Katrina Lake, founder and CEO of Stitch Fix. "He brings tremendous digital product leadership and outstanding operational experience. As we continue to revolutionize the consumer shopping experience and help our clients find what they love, Neal's insight and expertise will be invaluable."
Mohan is the ninth member of Stitch Fix's Board of Directors, which is a majority female. Board members include: Steve Anderson, founder of Baseline Ventures; Bill Gurley, general partner of Benchmark Capital; Marka Hansen, former president of Gap North America and Banana Republic; Kirsten Lynch, chief marketing officer and executive vice president at Vail Resorts, Inc.; Sharon McCollam, former CFO of Best Buy Co. Inc.; Liz Williams, CEO of Drybar; Mikkel Svane, founder and CEO of Zendesk and Stitch Fix founder and CEO, Katrina Lake.
"Katrina and team have built a powerful platform that delivers highly personal digital product experiences that delight millions of people," said Mohan. "Stitch Fix is a service with incredible potential, and I'm thrilled to be part of this next phase of growth. I look forward to sharing my perspectives with the team."
Stock price history of Stitch Fix (SFIX) since their listing
The image below shows the stock price history of Stitch Fix (SFIX) since their listing in November 2017. Since their listing the stock of Stitch Fix has increased by 133.2% since their listing. No investor would say no to these kinds of returns provided over such a short period of time.
Stock price history of Stitch Fix (SFIX) since their listing
Next earnings release of Stitch Fix
It is expected that Stitch Fix will release their 1st quarter 2021 earnings report in late December 2020
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