Simplify Logo

Full-Time

Buyer – Women's

Posted on 7/2/2024

Stitch Fix

Stitch Fix

1,001-5,000 employees

Personalized online styling and clothing delivery

Data & Analytics
Consulting
Consumer Goods

Compensation Overview

$155k - $162kAnnually

Senior, Expert

Remote in USA

Category
Product Management
Product
Required Skills
Market Research
Sales
Requirements
  • 5+ years of Buying experience
  • Experience in Women’s private label and multi-branded buying
  • Demonstrated success in scaling a category or business
  • Clear understanding of leveraging client segmentation data
  • Track record of driving profitability and curating balanced assortments
  • Experience in managing Open-to-buy process
  • Prior experience as a mentor or people leader
  • Ability to adapt product strategies across different aesthetics and age groups
  • Strong vendor negotiation skills
  • Experience in leveraging data and client feedback for assortment decisions
  • Advanced skills in Microsoft Office
  • Detail-oriented and organized
  • Ability to travel up to 30% of the time
Responsibilities
  • Drive strategic business vision for a department category
  • Develop long, mid & short term strategies
  • Collaborate with cross-functional teams
  • Identify and source emerging brands
  • Build and maintain relationships with vendors
  • Analyze sales data and market research
  • Manage open-to-buy process
  • Support team through mentorship and coaching
  • Attend market meetings and trade shows
  • Support Merchandising Leadership Team

Stitch Fix provides a personalized online styling service that uses data and algorithms to curate fashion selections for clients. Customers fill out a style profile detailing their size, preferences, and budget, and then receive a selection of clothing items shipped to their home. They only pay for what they keep, with a styling fee applied to purchases. The company aims to simplify shopping and expand its services, including direct buy options and international reach.

Company Stage

Series C

Total Funding

$81.3M

Headquarters

San Francisco, California

Founded

2011

Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-6%

2 year growth

-16%
Simplify Jobs

Simplify's Take

What believers are saying

  • The company's focus on personalized styling and convenience appeals to high-value customers, potentially driving higher revenue per client.
  • Recent leadership appointments, including a new Chief People Officer, indicate a strong commitment to organizational transformation and employee engagement.
  • Innovative partnerships, such as the collaboration with Spotify for Style Tune Ups, showcase Stitch Fix's ability to integrate fashion with other lifestyle elements, enhancing its market appeal.

What critics are saying

  • A 16% year-over-year decline in net revenue and a 6% decrease in active clients highlight potential challenges in maintaining customer engagement and growth.
  • The need to continually innovate and personalize experiences requires significant investment in technology and talent, which could strain resources.

What makes Stitch Fix unique

  • Stitch Fix leverages advanced data algorithms and a team of stylists to offer highly personalized fashion recommendations, setting it apart from traditional retail models.
  • The combination of a subscription-based service with direct sales provides a unique business model that balances recurring revenue with flexibility for the customer.
  • Stitch Fix's extensive customer insights allow it to tailor experiences more precisely than many competitors, enhancing customer satisfaction and loyalty.
INACTIVE