The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
SAN FRANCISCO, United States — Apparel seller Stitch Fix Inc, which uses algorithms and experts to ship personalized clothing selections to clients, plans to cut up to 1,400 jobs in California, the Wall Street Journal reported on Monday.
Most of the layoffs will happen in September and the employees will have the option to relocate and remain with the company, according to the report.
However, the online retailer will be hiring about 2,000 stylists in Dallas, Pittsburgh, Cleveland, Minneapolis, Austin, and Texas until next year, the report added.
Stitch Fix did not immediately respond to a Reuters request for comment.
By Sanjana Shivdas; Editor: Sherry Jacob-Phillips.
The algorithms TikTok relies on for its operations are deemed core to ByteDance overall operations, which would make a sale of the app with algorithms highly unlikely.
The app, owned by TikTok parent company ByteDance, has been promising to help emerging US labels get started selling in China at the same time that TikTok stares down a ban by the US for its ties to China.
Zero10 offers digital solutions through AR mirrors, leveraged in-store and in window displays, to brands like Tommy Hilfiger and Coach. Co-founder and CEO George Yashin discusses the latest advancements in AR and how fashion companies can leverage the technology to boost consumer experiences via retail touchpoints and brand experiences.
Four years ago, when the Trump administration threatened to ban TikTok in the US, its Chinese parent company ByteDance Ltd. worked out a preliminary deal to sell the short video app’s business. Not this time.