Stitch Fix Layoffs, CEO Change Prove Digital Won’t Fix Bad Ideas

Published by
The Street

By Daniel Kline Stitch Fix, like Zillow and RedFin in the real estate space, used charismatic leaders and the glow of everything digital to cover their broken business models. StitchFix (SFIX) – Get Free Report seemed like a brilliant idea until you really thought about the company’s business model. When it launched, the company’s goal was to have personal stylists provide people with clothing choices that me their specific needs. The idea, from founder Katrina Lake, was to make having a stylist something that more people could afford. The problem is that while that sounds like a good idea “ev…

Read More

See also  Should You Worry About Data From Your Period-Tracking App Being Used Against You?

Leave a Reply