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Stitch Fix's Long Thread - The Flywheel
Stitch Fix shares its data with vendors to help them understand who is buying what kinds of clothes.
Patrick O'Shaughnessy • Home | ColossusQuasar App
In his April 2015 letter to shareholders, Amazon founder/CEO Jeff Bezos listed the four requirements for a “dreamy business”: “Customers love it, it can grow to very large size, it has strong returns on capital, and it’s durable in time—with the potential to endure for decades.” We want Prime to be such a good value, you'd be irresponsible not to
... See moreAI will shape fashion — but primarily behind the scenes: precision, personalisation, prediction, clienteling, content intelligence. The hype lies in visible gimmicks; the value lies in invisible refinement.
"Strong collaborations balance three forces: cultural chemistry, creative friction, and community."
This is also where the aforementioned AI search innovations could shine. I don’t have much interest in cataloguing my wardrobe in an app or virtually trying on a dress before buying it, but I would enthusiastically support better discovery for brands like these, by people who see the product as superior (for them) and deeply aligned with their... See more
Then there are new shopping and buying models entirely, such as Stitch Fix’s human-and-algorithm-personalized recommendations, and Rent The Runway’s subscription rental concept, to compete with.