Stitch Fix posted better-than-expected quarterly results, while the online styling service plans to debut a Direct Buy offering to new clients by the end of the quarter. And in payment methods, offering crypto payment acceptance can help merchants develop loyalty with clients, and harnessing crypto debit cards could help crypto firms expand their reach. All this, Today in Data.
$535.6M: Net revenue Stitch Fix reported for the third quarter.
66%: Share of bridge millennials who use debit cards when making purchases online.
51%: Share of U.S. cryptocurrency owners who are more likely to shop with a merchant that accepts crypto.
16%: Portion of U.S. consumers who either own or have owned cryptocurrency.
4.1M: Stitch Fix’s number of clients as of its third quarter.