THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Stitch Fix chief executive to move to chairperson role

Stitch Fix founder Katrina Lake is to step down as the company’s chief executive and become its executive chairperson instead. Due to take up her new… View Article

FASHION RETAIL NEWS UK

Stitch Fix chief executive to move to chairperson role

Stitch Fix founder Katrina Lake is to step down as the company’s chief executive and become its executive chairperson instead.

Due to take up her new role on 1 August, she will be succeeded as chief executive by Elizabeth Spaulding who is currently president of the online personal styling service.

When assuming her new position, Lake (pictured) will remain as a Stitch Fix employee and will be responsible for the company’s social impact efforts, particularly with regard to the link between sustainability and technology in fashion retail. She will also continue to contribute to its brand and merchandising partnerships.

Lake founded Stitch Fix in 2011 when she was a Harvard Business School student. The company now has an annual revenue of $1.7 billion and serves nearly four million customers across the US and UK.

Lake said: “In founding Stitch Fix, I was inspired by a very human problem, to help people look and feel their best by finding clothes they love. Ten years into this journey, I’m even more inspired by this simple mission, proud of the way we’ve delivered against it, and incredibly optimistic about our future.”

In her current role, Spaulding has been responsible for driving Stitch Fix’s next phase of growth, including the expansion of the next generation of consumer shopping experiences, inventory management innovations and international expansion.

Prior to joining Stitch Fix, she spent more than 20 years at Bain & Company where she served on the board of directors and was global head and founder of the digital practice.

Lake added: “The impact Elizabeth has already had, combined with the compelling future vision she’s mapped out and is leading us toward, make this the right time for a leadership transition that will usher in the next generation for Stitch Fix, for our business, our people and our clients.”

 

Subscribe For Retail News