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Stitch Fix's Future After Founder Katrina Lake? It's Looking More Like Every Other Online Retailer

09:56am EDT|
Stitch Fixâs Future After Founder Katrina Lake? Itâs Looking More Like Every Other Online Retailer
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The e-commerce company is moving away from subscription boxes with a plan to let shoppers buy directly on the site.
Stitch Fix
The surprising departure of Katrina Lake from her role as Stitch Fix CEO this week left many wondering why the young founder of a hot startup would abandon her post ten years in.
Lake hasnât said much about why, but itâs clear her successor is already fast at work rewriting the playbook.
Lake, 38, will cede the top job to Elizabeth Spaulding, a former consultant who joined the e-commerce company last January after two decades at Bain and is expected to depart from the so-called âsubscription boxâ strategy Stitch Fix was built on to become, well, more like a traditional online retailer.

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16Apr2021 Pre-Market Commentary: Wall Street Futures, Slated To Hit Fresh All Time High After Opening, DOW Up 64 Points, Nasdaq Up +0.3%, Gold Higher 1783, Silver Higher 26.23, Bitcoin Slumps 61000

Sea container imports again significantly improved pointing to a strong economic recovery (SPY +0.2%). Biggest premarket movers: Morgan Stanley, Sunrun, Comcast. Bitcoin tumbles as Turkey bans Cryptocurrency Payments.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
3 Oil Stocks To Watch This Spring
Oil bulls who have been praying for oil prices to cross the $70 per barrel mark to affirm a full recovery after a very encouraging 6 month-long rally have unfortunately been disappointed. Oil prices seem to have hit a ceiling at the high 60s and are currently flirting with the low 60s with a Covid-19 resurgence raining on the bulls' parade thanks to new lockdowns in key consumer regions such as India and the UK. Still, the U.S. oil and gas sector remains in good stead; J.P. Morgan has estimated that Permian's Delaware Basin oil drillers now require

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Stitch Fix CEO Transition: What Investors Need To Know

Stitch Fix CEO Transition: What Investors Need To Know
fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.

Jedda , Makkah , Saudi-arabia , Elizabeth-spaulding , Bain-company , Shell , Nasdaq , Stitch-fix , President-elizabeth-spaulding , Digital-practice , மக்கா , சவுதி-அரேபியா

Stitch Fix CEO Transition: What Investors Need To Know

Founder Katrina Lake is stepping down from the helm of the online styling service. Here's what it means for investors.

Jedda , Makkah , Saudi-arabia , Elizabeth-spaulding , Bain-company , Shell , Nasdaq , Stitch-fix , President-elizabeth-spaulding , Digital-practice , மக்கா , சவுதி-அரேபியா

Stitch Fix : founder steps down as CEO, president to take over

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April 13 (Reuters) - Stitch Fix Inc said on Tuesday
founder Katrina Lake would hand over the reins to the online
apparel firm to President Elizabeth Spaulding, who is set to
replace her as chief on Aug. 1.
The personalized clothing provider said Lake would
transition to the role of executive chairperson of the board.
Shares in Stitch Fix declined about 2% in extended trading.
Spaulding spent more than two decades at consultancy Bain &
Co before joining Stitch Fix as president last year, with her
current role involving improving shopping experiences and
expanding the company's international presence.
"The compelling future vision she's (Spaulding) mapped out

Bengaluru , Karnataka , India , Devika-syamnath , Praveen-paramasivam , Elizabeth-spaulding , Stitch-fix-inc , Bain-co , Reuters , Fix-inc , Katrina-lake , President-elizabeth-spaulding

Stitch Fix (SFIX) Announces Founder and CEO Katrina Lake to become Executive Chairperson and Elizabeth Spaulding to become CEO August 1

Stitch Fix (SFIX) Announces Founder and CEO Katrina Lake to become Executive Chairperson and Elizabeth Spaulding to become CEO August 1
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Stitch Fix founder to step down as chief executive

Dive Brief:
In a move that speaks volumes about its approach to growth, Stitch Fix on Tuesday announced that on Aug. 1, President Elizabeth Spaulding will become CEO, replacing founder Katrina Lake.
Spaulding joined the company early last year from management consulting firm Bain & Co., where she was a partner. Her focus has been on growth, including inventory management, international expansion and developing "the next generation of consumer shopping experiences," the company said.
Lake will become the board's executive chairperson, according to a company press release. She will also remain an employee, focusing "on Stitch Fix's social impact efforts, in particular the intersection between sustainability and technology in apparel retail."

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Stitch Fix New CEO Led Direct-Buy Projects in New Direction

Stitch Fix CEO and founder Katrina Lake is being replaced by company president Elizabeth Spaulding.
Spaulding has led many of Stitch Fix's direct-buy initiatives.
Analysts say that Stitch Fix runs a risk by moving too far away from what it is known for.
Stitch Fix announced in a press release Tuesday that founder Katrina Lake would be stepping back from her role as CEO. She will remain at the company as executive chairperson and be replaced by Elizabeth Spaulding, who is currently the company's president. Spaulding will step into the role on August 1.
The company's stock immediately fell on the news. Lake is a well-respected founder and executive, having launched Stitch Fix in 2011, when she was a student at Harvard Business School.

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Stitch Fix founder steps down as CEO, president to take over

Stitch Fix founder steps down as CEO, president to take over
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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Stitch Fix founder and CEO Katrina Lake is stepping down

Stitch Fix founder and CEO Katrina Lake is stepping down
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