So that’s for Q4, so annualized about $540 average per customer. Increasing share of wallet is something they can do! They have started new features including, Shop New Colors and Shop Your Look is in Beta, where people can buy items that coordinate with recent purchases. Stitch Fix also bought the IP of Finery, which is wardrobe management software.
How much do you spend on clothes annually? There is room for growth as Stitch Fix gets better and better at making product recommendations, and as more clothing shopping comes online, and as they deepen customer relationships.
Karen
who is wearing a pair of perfect fitting SFIX jeans today. And Stitch Fix underwear (bought through the extras program). I am pulling my weight above-average for the quarterly spend!