Stitch Fix, Inc.
Online personal styling service that sends customers curated clothing and accessories chosen by stylists based on their preferences.
From the annual report
Stitch Fix is the leading online personal styling service that helps people discover the styles they will love that fit perfectly so they always look - and feel - their best. In 2011, Stitch Fix, Inc. ( we, our, us, the Company, or Stitch Fix ) introduced an innovative approach to shopping for clothing and accessories. We were inspired by the opportunity to create a client-first styling experience, offering an alternative to impersonal, time-consuming and inconvenient traditional shopping. Since inception, our business has been grounded in our commitment to developing and fostering client relationships and making people happier and more confident in what they wear. We help our clients discover and define their style. We reduce their anxiety and stress when getting ready in the morning. And, we give them time back in their lives to invest in themselves. We do this through our unique business model that pairs expert Stylists with artificial intelligence ( AI ) and recommendation algorithms, to help people discover the styles they will love without having to spend hours browsing stores or sifting through endless choices online. Clients primarily engage with us by (1) receiving a curated shipment of items informed by our algorithms and chosen by a Stitch Fix Stylist (a Fix ); or (2) purchasing directly from our website or mobile app based on an individualized assortment of outfit and item recommendations ( Freestyle ). For the Fix experience, clients choose to schedule regular shipments or order a Fix on demand.
Run a full DCF model with Monte Carlo simulation.