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Stitch Fix Misses Q3 Revenue Estimates But Active Customers Climb 9%

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Whereas the apparel industry has been under major duress during the COVID-19 pandemic, Stitch Fix was buoyed by its positioning as a digital-only fashion player, seeing third-quarter net revenue of $371.7 million, a decrease of 9 percent year over year. The sales totals were well under Wall Street expectations of as much as $418.2 million,…

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