Stitch Fix Stock: Why It’s a Bad Fit

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The Street

By Daniel Kline Digital clothing retailer Stitch Fix has laid off 15% of its workforce, which really shouldn’t surprise anyone. A one-time darling of the “make everything digital” investment community, Stitch Fix (SFIX) – Get Stitch Fix Inc. Report stock is trading at about 10% of its 52-week high, set almost exactly a year ago. That, along with rising prices, economic uncertainty, and lots of other vague things that sound better for a CEO to say than “our business model makes little sense” has put the company in a precarious position. The digital clothing retailer has laid off 15% of its staf…

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