When Stitch Fix, a subscription fashion service, had its initial public offering last November, investors were skeptical. How many people would continue to pay for constant wardrobe updates? In its first quarters as a public company, Stitch Fix defied the skeptics and posted consistent growth, raising hopes that it could succeed where other subscription services have failed. The stock had gained 73% this year through Monday’s close. Monday’s fiscal fourth-quarter results show that the bullish thesis may be coming apart at...

Source: Wall Street Journal October 01, 2018 22:12 UTC