The San Francisco-based online styling service posted higher than expected revenue and a narrower than expected loss for the first quarter on Tuesday, but left analysts less than satisfied with its financial guidance.
Fashion rental company Rent the Runway on Monday made public its paperwork for a U.S. stock market flotation, joining a bunch of retailers looking to cash in on the record boom in capital markets since last year.
The San Francisco-based online styling service reported net revenue of $571.2 million for the fourth quarter on Tuesday and also announced the launch of its new Stitch Fix Freestyle shopping experience.
The subscription box market continues to grow with a new report from Royal Mail saying that the market should be worth £1.8bn by 2025. That comes as it doubled by 2020 compared to 2017 with spend of almost £1.4bn