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Retail can be a tough game. As department chains nationwide shutter storefronts and online-only operations have shopped themselves around to be acquired, few companies have been able to capture the fickle attention of modern shoppers and build lasting businesses.
Stitch Fix may be one of the exceptions. On Wednesday, the San Francisco-based startup, which sends customers personalized clothing shipments, shared some financial figures with the public, illustrating significant growth. For its fiscal year that ended in July, the company said it posted $730 million in sales and was profitable.
The numbers will certainly raise the question as to whether Stitch Fix, which has raised $42 million in outside funding, a relatively small amount for high-growth Silicon Valley companies, will pursue an initial public offering. A Stitch Fix spokesperson said the company does not discuss its future plans. The spokesperson also said the company did not turn down late-stage funding from interested investors, as suggested in a previous Bloomberg News report that discussed a potential IPO.
Stitch Fix’s new numbers represent significant growth since Forbes profiled the…