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Stitch Fix reports declining revenue and customer base in Q2

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Stitch Fix announced on Tuesday revenue fell 5.5% to $312.1 million in the second quarter, as active customer numbers continue to fall at the subscription-based apparel firm.

Stitch Fix reports declining revenue and customer base in Q2. – Stitch Fix

The San Francisco-based company said active clients fell 2.6% to 2.3 million, quarter-over-quarter, and decreased 15.5% to 434,000, year-over-year, for the second quarter of fiscal year 2025, ended February 1. 

For the quarter, the U.S. company reported a net loss from continuing operations of $6.6 million and diluted loss per share of $0.05.

“Our team delivered another strong quarter, once again exceeding our expectations as we further advanced our transformation strategy,” said Matt Baer, CEO, Stitch Fix. 

“Our clients are responding to the improvements we’ve made to our experience, including the increased newness in our assortment, expanded Fix flexibility, and investments in stronger client-Stylist relationships. We are encouraged by our progress and remain focused on successfully executing our strategy so we can realize our vision to be the most client-centric and personalized shopping experience.”

Looking ahead, for the third quarter of fiscal 2025, ending May 3, the company expects net revenue between $311 million and $316 million, down 3.6% to 2.1% year-over-year.

Meanwhile, Stitch Fix said it expects fiscal 2025 revenues from continuing operations to be between $1.225 billion and $1.24 billion, down 8.4% to 7.3% for the year.

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Bio-materials start-up Sequinova works with Stella McCartney on sustainable sequins

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All that glisters in fashion can also be sustainable. Sequinova, the London-based biomaterials startup, unveiled its “revolutionary” plant-based sequins at Stela McCartney’s Autumn/Winter 2025 Paris Fashion Week runway show.

Stella McCartney A/W25

And the collaboration marks “the world’s first commercial use of plant-based sequins… offering a sustainable alternative to fossil-derived plastics, without compromising on performance or shine”.

Sequinova’s sequins, which debuted on two of McCartney’s hand-embroidered mini dresses, will be commercially available later this year, the first time that customers will be able to purchase bio-based sequin garments.

Its flagship sequins are derived from sustainably-sourced wood and utilise a green chemical process. And by combining plant-based ingredients with bioengineered microorganism pigments, Sequinova is also developing high-performance, bio-based colours optimised to replace fossil-derived colourants.

Citing a global sequin market that’s expected to be valued at almost $17 billion and expected to nearly double over the next decade, Sequinova says it’s a major contributor to microplastic pollution, with the fashion industry responsible for 35% of the world’s microplastics . 

So Sequinova’s innovation “provides a much-needed solution to this pressing environmental and global health issue”, it says.

Clare Lichfield, co-founder of the firm, added: “Stella McCartney is a true pioneer and is the leading industry reference on next-generation materials. Our partnership with her makes commercial plant-based sequin garments a reality and marks the beginning of a revolution in the replacement of petroleum-derived plastic sequins, which cause such destruction to our environment.”

A spokesperson for the Stella McCartney brand added: “These sequins are beautiful and radiant, aligned with our vision of never compromising desirability nor sustainability. Having been a PVC-free brand since 2010, this colaboration brings us one step closer to collections that do not harm our community, fellow creatures and Mother Earth.”

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Clergerie placed in liquidation as going concern

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Translated by

Nicola Mira

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March 12, 2025

After going in receivership on December 4 2024, French footwear brand Clergerie was placed in liquidation as a going concern on Tuesday March 11 by the trade court of Romans-sur-Isère in France, local newspaper Le Dauphiné Libéré has reported.

Clergerie

The judicial liquidation procedure allows Clergerie to continue trading until April 25, and relates to SSB, Clergerie’s production company operating the brand’s factory in Romans. The factory still employs 31 workers, of whom 29 have been put in short-term unemployment, wrote Le Dauphiné Libéré. Clergerie operates a second company, JHJ, which looks after the products’ commercialisation via the retail and wholesale channels, and online. JHJ’s 15 employees are for the time being continuing their activity.

Potential Clergerie buyers have until March 18 to submit their bid, with the next hearing scheduled for April 2. According to the local press, a dozen expressions of interests have been registered.

Le Dauphiné Libéré wrote that Clergerie’s third company, which owns the trademark, has not yet been put into liquidation. 

Two years ago, Clergerie was bought by US group Titan Footwear following commercial court proceedings in Paris, having filed for receivership in March 2023. However, Joe Ouaknine, businessman and owner of Titan Footwear, hasn’t been able to revive Clergerie.

The brand was founded in 1981 by Robert Clergerie, and is one of the last bastions of French footwear production. It benefits from a long-standing industrial heritage, since Romans-sur-Isère has been a shoe manufacturing hub since the end of the 19th century. A few other iconic footwear brands hail from the same area, like Stéphane Kélian – owned by the Royer group and about to be relaunched – and Charles Jourdan, also owned by Royer but currently dormant.

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Arket will be latest big name to open on King’s Road this summer

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In the same week that Arket announced plans to debut in Ireland with its first physical store there, the brand said it would open another London store this summer.

The company will open a flagship on the King’s Road in Chelsea, joining a recent stream of openings there such as BasicNet’s K-Way label, Birkenstock (which opens on Friday this week), Penelope Chilvers, and KayaNuka. And Arket’s H&M Group stablemate, H&M, also opened on the popular shopping thoroughfare a year ago.

The Arket flagship will be the brand’s fourth store in London following previous openings on Regent Street, Covent Garden, and at Selfridges, which was the label’s very first in-store concession.

Arket MD Pernilla Wohlfahrt said London “holds a special place in our hearts after opening our very first Arket store on Regent Street in 2017. We look forward to deepening our relationship with our local customers and inviting them to explore our curated, modern-day market offering”.

As mentioned, the news comes as the brand prepares to enter Ireland and not long after it announced that it’s also to open physically in Greece for the first time this year with a debut in Athens.

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