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Stitch Fix Faces Stockholder Suit Over Direct Sale Losses

Law 360

A shareholder of online fashion retailer Stitch Fix Inc. has sued the company in Delaware's Court of Chancery, alleging that from December 2020 through March 2022, the company misled the public about the effect that a direct-buy option was having on its subscription business.

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Retail Woes: A Running List of Fashion & Retail Bankruptcies

The Fashion Law

They were swiftly followed by a handful of additional filings by other retailers, signaling that there is no end in sight to the constant string of fashion and other retail companies struggling financially and looking to bankruptcies courts for protection from their creditors. ” February 2021 – Belk Inc. .”

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