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Stitch Fix asks customers to create an online profile describing their style, size, budget and other preferences. Customers then receive a box of clothes, shoes and accessories, try them on, keep what they like, and send the rest back. If they want to keep everything in the box, they receive a 25% discount on the total cost of the items. Customers can schedule when they want to receive their box, and, while membership fees and subscriptions are not required, recurring sales are part of the company's business model. The model has been successful — so far. Stitch Fix's cash flow has increased every year since 2014, according to a regulatory filing. It has also grown from 867,000 customers in 2015 to 2.1 million in 2017. But lately tech IPOs have been scarce and disappointing — Snap and Blue Apron are examples of companies that went public only to see their shares sag — and Stitch Fix didn't see everything go as it had hoped. The company said in a regulatory filing that it anticipated an opening price of $18 to $20 per share. By Thursday evening, it set on a price of $15 per share, only to open Friday on the Nasdaq at $16.90 a share.
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A. One of the great advantages of men's dressing over female dressing is that very few clothes actually go "out of style," even over a span of 10 years. It is not at all necessary to get rid of a garment that you like, and particularly, one that you look good in, just because it is not a recent purchase. Of the items you mentioned, suits hardly change at all as to which colors and cuts are popular. The same three classic colors -- blue, gray and khaki -- are as basic today as they have been for many decades. As to cuts, there still are the two types: single-breasted and double-breasted. Here, because double-breasted cuts are trendier, there may be a bit more of a difference. That is, they are not as popular at the moment as they were 10 years ago, but they certainly are not dated looking. Stores aren't selling as many as they were a while back, but if you have a double-breasted suit you feel good in, there is no reason to feel you should not wear it.
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