Stitch Fix Inc.’s momentum started to pick back up in its fiscal first quarter.
The company — which uses AI and human stylists to choose a box of styles for shoppers to try on at home — has been in turnaround mode for at least two years and chief executive officer Matt Baer told WWD it is going back into growth mode.
Revenues for the quarter ended Nov. 1 increased 7.3 percent to $342.1 million.
The active client base of 2.3 million was down 5.2 percent from a year earlier, but showed a decrease of just 0.1 percent from the proceeding quarter, a move in the right direction.
Revenue per active client rose 5.3 percent to $559, showing how the company’s efforts to grow with its best customers were gaining traction.
The bottom line remains a work in progress, however.
Net losses tallied

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