Stitch Fix shares lose almost a third of value on disappointing user growth


October 2, 2018 – CNBC – Shares of Stitch Fix lost almost a third of their value on October 2 after the company disclosed user data for its online personal styling service that disappointed investors. The company said its “active” clients grew 25 percent from a year ago to 2.7 million by the end of its fourth quarter ended July 28. Analysts were expecting an even bigger bump to 2.81 million, according to data compiled by StreetAccount. Read the story at CNBC.