Stitch Fix names Macy's former executive as CEO; SFIX shares fall
14/06/2023 14:48
** Shares of online personalized styling services co Stitch
Fix Inc SFIX.O down 2.74% at $4.64
** Co appoints Macy's M.N former executive Matt Baer as
chief executive officer to replace founder and interim CEO
Katrina Lake, who will continue as Board's executive chair
** Transition is effective June 26
** 15 of 17 brokerages rate the stock "hold" and two "sell"
or lower; their median PT is $4.30
** Including session losses, SFIX stock rose 53.38% YTD
(Reporting By Akshita Toshniwal in Bengaluru)
((Akshita.Toshniwal@thomsonreuters.com))