Stitch Fix adapts to challenges created by the pandemic
March 30, 2021
Stitch Fix CEO Katrina Lake said her company has faced both headwinds and tailwinds since the novel coronavirus pandemic turned American society upside down last year. While consumers are not buying as much clothing as they were pre-pandemic, they are shifting their purchases to more casual apparel and buying it largely online to reduce contact with others. Ms. Lake has said that Stitch Fix is beginning to see sales of more formal clothing like women’s dresses begin to pick up as greater numbers of Americans get vaccinated and states begin to relax some of the social distancing protocols.
Recent News
NHTSA Investigates Tesla Autopilot Again After Recent Software Update
Tesla Autopilot is once again the subject of an NHTSA investigation.
Home Depot Holds Halfway to Halloween Sale: Skelly’s Back
It’s halfway to spooky season, and Home Depot is celebrating.
Kaiser Discloses Health Insurance Data Breach
Health insurance company Kaiser is notifying millions of its current and former members about a data breach. The breach occurred when Kaiser shared patients’ information with third-party advertisers like Google, Microsoft, and X (formerly Twitter).
Satirical Site The Onion Acquired by Global Tetrahedron
The satirical news website, The Onion, has been sold by G/O Media to a group of digital media veterans.