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Stitch Fix Sinks as Outlook Suggests Customer Add Troubles

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

Stitch Fix Inc. analysts cut their price targets after the company reported first-quarter results that topped expectations and gave a second-quarter outlook that was seen as disappointing. “Investors are questioning the ability to add new customers,” Wells Fargo wrote, adding that while the first quarter demonstrated improvement on this metric, “re-deceleration is planned for 2Q,…

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