September 17, 2024 Stitch Fix Announces Resale Program Enabled by ThredUp’s Resale as a Service Posted by Stitch Fix

SAN FRANCISCO, September 17, 2024 - Stitch Fix, Inc (NASDAQ: SFIX), the leading online personal styling service, announced today that it is partnering with ThredUp, one of the largest online resale platforms, to provide its clients with the opportunity to resell gently-worn items for Stitch Fix credit.

"At Stitch Fix, our mission is to help people discover the styles they will love that fit perfectly so they always look and feel their best. As part of this, we support our clients through wardrobe updates daily - from seasonal refreshes to life and body changes," said Debbie Woloshin, Chief Marketing Officer, Stitch Fix. "Our partnership with ThredUp allows us to offer our clients a solution to responsibly update the clothing, footwear and accessories that no longer work for them, while also enabling them to earn credit towards new pieces that better meet their current style needs."

Through the new program, clients can earn Stitch Fix credit for sending in gently-worn items to ThredUp. To participate, clients can generate a prepaid shipping label from stitchfix.thredup.com, fill any shippable box or bag with apparel, shoes, and accessories from any brand in their closet, and ship it to ThredUp at no cost to them. For any items that sell on ThredUp, clients will receive Stitch Fix credit.

The program is powered by ThredUp's Resale-as-a-Service® (RaaS®), which enables fashion brands and retailers to deliver customizable, scalable resale experiences to their customers. Stitch Fix joins more than 50 other brands offering resale programs through RaaS, including J.Crew, Tommy Hilfiger, and Madewell.

For more information, please visit stitchfix.thredup.com. To learn more about ThredUp's RaaS, visit raas.thredup.com.

About Stitch Fix

Stitch Fix (NASDAQ: SFIX) is the leading online personal styling service that helps people discover the styles they will love that fit perfectly so they always look - and feel - their best. Few things are more personal than getting dressed, but finding clothing that fits and looks great can be a challenge. Stitch Fix solves that problem. By pairing expert stylists with best-in-class AI and recommendation algorithms, the company leverages its assortment of exclusive and national brands to meet each client's individual tastes and needs, making it convenient for clients to express their personal style without having to spend hours in stores or sifting through endless choices online. Stitch Fix, which was founded in 2011, is headquartered in San Francisco. For more information, please visit https://www.stitchfix.com.

About ThredUp

ThredUp is transforming resale with technology and a mission to inspire the world to think secondhand first. By making it easy to buy and sell secondhand, ThredUp has become one of the world's largest online resale platforms for apparel, shoes and accessories. Sellers love ThredUp because we make it easy to clean out their closets and unlock value for themselves or for the charity of their choice while doing good for the planet. Buyers love shopping value, premium and luxury brands all in one place, at up to 90% off estimated retail price. Our proprietary operating platform is the foundation for our managed marketplace and consists of distributed processing infrastructure, proprietary software and systems and data science expertise. With ThredUp's Resale-as-a-Service, some of the world's leading brands and retailers are leveraging our platform to deliver customizable, scalable resale experiences to their customers. ThredUp has processed over 200 million unique secondhand items from 60,000 brands across 100 categories. By extending the life cycle of clothing, ThredUp is changing the way consumers shop and ushering in a more sustainable future for the fashion industry.

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