Stitch Fix to ramp up cost-cutting amid continued revenue

Stitch Fix to ramp up cost-cutting amid continued revenue

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Stitch Fix is dramatically stepping up its cost-cutting measures as its customer count and net revenue continue to slip. Stitch Fix reported net revenue of $455.6 million for the first fiscal quarter of 2023, a decrease of 22% year over year.

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Revenue for Q4 2023 declined 20% year-over-year to $481.9 million, sli