NEW YORK – Stitch Fix, an online clothing styling service, has filed to go public.
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The company is one of several that ships shoppers clothing to try on at home before they buy. With Stitch Fix, customers pay $20 to receive five clothing items. Customers can ship back whatever they don’t like or they’ll be charged for anything they keep, minus the $20 fee.
The San Francisco-based company reported a loss of $594,000 in the year that ended July 29, as its expenses rose. The year before it reported a profit of $33.2 million.
Stitch Fix Inc. says it plans to raise as much as $100 million in its initial public offering, but that number is likely to change. Its stock would trade on the Nasdaq stock market under the stock symbol “SFIX.”
