Stitch Fix Isn't Nearly Done Growing
Stitch Fix (NASDAQ: SFIX) is grabbing market share in the clothing business, but its industry is shrinking. The online apparel retailer recently closed out its fiscal 2020 in strong fashion, with a return to growth in both sales and profitability.
However, CEO Katrina Lake and her team sounded cautious in their early 2021 growth outlook and described a "forever changed" apparel selling environment. That new industry picture should support Stitch Fix over the long term -- but shareholders will first have to endure some short-term pain.
Image source: Getty Images.
Source Fool.com
