NEW YORK — Stitch Fix, an online clothing styling service, has filed for an IPO.
It's one of several companies that ships shoppers clothing to try on at home before they buy. With Stitch Fix, customers pay $20 to receive five clothing items. Customers can ship back whatever they don't like. They pay for anything they keep, with the $20 fee applied as a credit.
The San Francisco-based company reported a loss of $594,000 in the year that ended July 29, as its expenses rose. The year before it reported a profit of $33.2 million.
Stitch Fix Inc. says it plans to raise as much as $100 million in its initial public offering, but that number is likely to change. Its stock would trade on the Nasdaq stock market under the symbol "SFIX."