Ask Blinders
Yesterday
2929
Where can I get best chai (tea) in Bay Area?
Working Parents
Yesterday
1152
Newborn born today, already struggling with sleep
Health & Wellness
Yesterday
1165
Energy levels dropped significantly from age 28 to 30.
India
Yesterday
539
Modi is a curse on India and will bankrupt the country
Personal Finance
2d
35678
Oops accidentally retired
Tbh. I don't really have a good understanding of what they do. But I hope the best for the people impacted!
They ask you a bunch of questions and they send you clothes they think you may like. You pay a monthly subscription for this. Thredup tried a similar business model calling goody boxes, but thredup couldn’t scale it so they killed goody boxes. I am guessing stitch fix has a scalability issue?
i don’t believe our ceo and cfo know how to scale a retail company with physical inventory. they projected our revenue growth extremely high, and hired in line with that growth. now we have to cut all those new people and more in order to bring our costs down.
Same thing happened with thredup, they spent 75M on a distribution center in Texas which holds 10M items and they spent 25M buying some shitty company in Bulgaria so they can grow international sales. Now they also have to layoff people to cut down costs. Of course the layoffs aren’t as big as stitch fix, but if things stay the same for thredup in a year, there will be more layoffs. Realreal too
I thought their service absolutely sucked when I tried it.