Sew Repair Predicts “On a regular basis” Model and Purchasing Tendencies for 2022 in Inaugural Model Forecast Report

Reveals the pandemic’s impact on developing wardrobes when people conduct a closet clearance

– Two-thirds of Americans – and nearly 80% of millennials – say they intend to replace about a third of their wardrobe¹

– Almost a third of people would rather accept a 10% pay cut than dress for work every day, ¹ contributes to the rise of the new categories of business comfort and versatile athleisure

– Bold colors and patterns on the rise: Stitch Fix predicts Vibrant Magenta as the color of the year, with mint, mustard and purple also popular with women, while men turn to dusty lavender, dark green and coral. Color blocks, squares, and graphics are some of the most popular patterns

– Jeans are back – which is reflected in an increase in customer inquiries and sales from Stitch Fix. People are turning to more casual fits, with wide-legged sales up 70% year-over-year, while trends to “slim” are declining

– People are excited to get dressed up. 44% plan to replace their go-out clothing – 61% of Generation Z1 – as demand for special occasion clothing and high heels increases at Stitch Fix

– The vast majority (81%) of people would like a better way to find clothes that fit them and their lifestyle¹, suggesting that they need a more personalized shopping experience when they remodel their closets

SAN FRANCISCO, Dec 15, 2021 / PRNewswire / – Stitch Fix (NASDAQ: SFIX), the world’s leading personalized online shopping experience, today released its first Style Forecast highlighting key trends for 2022, including Business Comfort as the new workwear category, Growth in versatile athleisure styles, bold colors and patterns and the resurgence of categories such as jeans, heels and dresses. The report also highlights the frustrations people experience with traditional online shopping, such as:

The comprehensive Style Forecast integrates Stitch Fix sales and purchasing insights from 4.2 million customers and thousands of Stitch Fix stylists, combined with consumer surveys and industry data to give solid insight into real life trends – not just on the fashion catwalks . Stitch Fix has billions of style data points, gathered by advanced algorithms and data science teams, from detailed style feedback that customers choose to leave, providing a continuous impetus on what people buy how often and why would.

The story goes on

“From the very beginning, Stitch Fix has brought together advanced data science and a human touch to transform the way people find the clothes that help them look and feel good. From this data, we also gain insight into broader style trends in the marketplace and what motivates those trends – which has been particularly important in the past two years in order to steer changing consumer preferences at an uncertain time, “said Elizabeth Spaulding, CEO, Stichfix. “We hope the Style Forecast offers a fashion perspective beyond the runway trends to help people and our brand partners better understand what’s trending in everyday life as we head into the New Year and adopt a ‘new normal’ together. “

Below are notable results from the Stitch Fix Style Forecast 2022. To read the full report, visit StitchFix.com/StyleForecast.

The COVID closet clearance:

  • Two-thirds of consumers (67%) plan to replace a third of their wardrobe, 33% plan to replace at least half – and nearly 4 in 5 millennials (79%) are likely to refresh their wardrobe

  • Style preferences have changed: 58% of Stitch Fix Women’s customers and 53% of men said their looks changed during the pandemic and they expect those changes to continue in the near future.

Unexpected style influencers:

  • Amanda Gorman is the most unexpected style icon of 2021, as Stitch Fix customer requests for headbands have increased 600% year on year after putting on a statement headband at the inauguration – during Harry Styles is the most stylish celebrity of the year as inquiries mentioning the fashion icon rose 160% from 2020 after its “Love on Tour” shows launched.

  • Meanwhile, Stitch Fix customers are also turning to TikTok influencers for style advice: customer inquiry notes with “TikTok” are up 75% year over year, with some of the hottest looks including Y2K, Cottagecore and Dark Academia.

The color of the year is Vibrant Magenta:

  • Runner-up is purple, mint, and mustard for women – and dusty lavender, dark green, and coral for men.

  • More than a third (36%) of consumers say they will look forward to bright, saturated colors in 2022. Patterns – like color blocks, squares, and graphics – are also on the rise, with 25% of consumers planning to wear them more often. 1

Business comfort (not casual) is the future of workwear:

  • Almost a third (31%) of consumers say they would rather accept a 10% cut in their wages than dressing up for work every day.1 Almost 4 in 5 Americans (77%) have at least some business attire sworn off forever, 1 Almost half (45%) of the people wanted to do without business suits and a third (31%) wanted to do without suit pants. Over half (51%) of boomers say they will never wear a business suit again.

  • A new category that Stitch Fix called “Business Comfort” has emerged, proving that you can have style and comfort that are more sophisticated than the earlier “Casual” classification. This can be seen in oversized stretch blazers, elastic trousers, sweater dresses and new “Knoven” tops (knitwear + woven material).

Denim & dresses return to the daily wardrobe:

  • Jeans sales at Stitch Fix were up 30% year over year, and women’s wide leg sales were up 70%, while the skinny jeans growth rate declined over the same period after “toasting” on TikTok and a fashion trend over the winter “were heading towards style and comfort.

  • Everyday dresses are thriving too, and Stitch Fix has increased inventory by 40% year-over-year to meet demand. Top styles include maxi dresses, which have seen sales grow 60% year over year; Dresses made from natural fabrics such as linen, poplin, and gauze; and bright, upbeat colors and prints.

All-purpose athleisure & performance-oriented active:

  • Athleisure remains the fastest growing category of Stitch Fix, while performance-based active sales also rise (women 300% +, men 100% + YoY) as people discover new sports like tennis, golf, and hiking. Trendy styles in this category are skorts and skirts, bike shorts, hiking shorts and performance polos.

Increasingly on the move:

  • While workwear is all about comfort, more than half (55%) of consumers said they like getting dressed for going out, with 44% actively planning to replace their dressing gowns – 61% of Generation Z. 1

  • To support this, Stitch Fix’s sales in the special occasion category rose 50% year over year, suggesting that people are actually going out again. And fancy shoes grow faster – both boot and high heel sales rose about 70% year over year, while high boot sales rose 150% over the same period.

Offer a more personalized shopping experience

The vast majority (81%) of consumers say they want a better way to find clothes that fit them and their lifestyle. While eager to refresh their wardrobes, they still have huge frustrations with the typical online shopping experience – such as not knowing the fit before buying and scrolling for hours to find what they are looking for want. In the meantime, customer inquiries for sustainable and organic materials have increased by 22% since 2020, which indicates that consumers are placing increasing emphasis on social and ecological values ​​when shopping. The Style Forecast looks at the ability for retailers to offer the things that are most important to people in a shopping experience right now, such as:

Reporting methodology
The Stitch Fix Style Forecast leverages data collected from Stitch Fix’s 4.2 million customers and thousands of seasoned stylists and its merchandising team who review performance and feedback dashboards on a daily basis. Some of these metrics include: sales data; “Like / Love” value, a measure of customer feedback on certain points; “Success Rate” of the number of times an item is held in a fix (the curated selection of items that are delivered to customers); Customer profile data points; and Fix Request Notes, the note clients leave their stylist to indicate what they would like to receive in their next fix. Unless otherwise stated, all statistics on Stitch Fix sales and “Fix” inquiries refer to the calendar year 2021 to date, as of today November 30, 2021. Comparisons to the previous year relate to the 2020 calendar year from January 1, 2020 to November 30, 2020. Also cited is a survey of 1,000 nationally representative consumers aged 18 and over that was carried out by Wakefield Research for Stitch Fix, a survey of 2,000 nationally representative buyers aged 18 and over by OnePoll, market data from Coresight Research, industry trend sources such as WGSN and Trendalytics. All data is sourced from internal Stitch Fix resources unless otherwise noted. All sales data included refer to Stitch Fix sales unless otherwise stated.

About Stitch Fix
Stitch Fix is ​​the world’s leading personalized online shopping experience. Our unique business model combines the human touch of seasoned stylists with the precision of advanced data science. Since our inception in 2011, we’ve served millions of people as a trusted style partner, helping adults and children dress like their best selves every day. The Stitch Fix team is building a transformative and inclusive e-commerce model, an ecosystem of shopping experiences based on convenience and guided discovery that makes it radically easy and enjoyable for customers to discover and buy what they love. For more, visit https://www.stitchfix.com.

CONTACT: media@stitchfix.com

1 survey of 1,000 nationally representative US adults by Wakefield Research for Stitch Fix

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Denver7 On a regular basis Hero bikes throughout the nation to boost cash for uncommon most cancers analysis

DENVER – Alec Fraser and Jamie Meehan will tell you the idea of ​​cycling nearly 5,000 miles like most good ideas do.

“One evening over a mug of beer we decided to drive across the country,” said Meehan.

The real inspiration was born in a Connecticut hospital decades earlier.

“Julian was a very special person,” said his father Alec.

Julian Fraser was a kid with a big smile and an even bigger heart. An all-American swimmer and college water polo player, his father said he was happy and healthy until he turned 19 and received a devastating diagnosis.

“He had osteosarcoma, a bone cancer that mostly affects children and adolescents,” said Alec. “Unfortunately at the time of diagnosis it had already metastasized and it was in 14 different parts of his body and he had a huge tumor in his abdomen.”

After years of tough battle, Julian lost his battle with cancer in 2017.

“They gave him very little chance of survival. I remember once he took me aside and said, ‘Dad, I don’t care what they say, I’ll hit this.’ And he just fought this disease with all his might, ”said Alec.

The two draw from this strength when they cycle Julian’s Honor from Connecticut to California. Her goal is to raise half a million dollars for Cycle for Survival, which funds research into rare cancers.

“Over 50% of people with cancer have some form of rare cancer, and yet only 4 cents of every dollar raised for cancer research goes to rare cancer research. So it’s very important to us, ”said Alec.

This week, Team JF made it to Colorado. A crowd of supporters accompanied her for long distances while the teenager was never far from her thoughts.

“I think of the fight Julian went through and the fights he had and there is a huge reservoir of commitment to keep it going and that’s why I think of him in the harder times that I drive” said Meehan.

Nothing will fill the hole Julian left, but Team JF hopes this ride to honor the teenager gives hope to those still struggling.

“I do that every now and then, of course I think of Julian and think of his life, great memories we had with Julian and the feeling, alright, he looks down at us and smiles at what we’re doing, so feels that look really good, “said Alec.

If you would like to donate to Cycle for Survival, visit their website.

Molly Hendrickson anchors at Denver7 from 4:30 a.m. to 7:00 p.m. It also features a different 7Everyday Hero on Denver7 every week. Follow Molly Facebook here and Twitter here. To appoint a hero in your life Click here.

Your cash temperament | On a regular basis Cheapskate

Whether you are aware of it or not, you have a money temperament. Everyone does. This is how you naturally think about money, behave with money, or react to money. Consider the following scenario and pick the answer that most closely approximates your course of action for a casual assessment of your money temperament and a little fun with it.

Your rich uncle learns that you urgently need transportation. Surprisingly, he comes to your rescue with a gift of $ 15,000 and instructions to buy a car. How are you?

A) Make a deposit of $ 15,000 for your dream car.

B) Pay cash for a $ 15,000 car.

C) Exercise extreme patience, flexibility, consumerism, and negotiating skills to find a used, late-modern, low-maintenance, low-mileage car for $ 7,500, then put $ 7,500 in a savings account.

Let’s analyze the options, leaving aside the obvious bias of your humble columnist.

If you answered A, you tend to live your life for twice the price. You don’t mind paying interest and making monthly payments because that’s how you get what you want. You are simply doing the best you can to maximize your income and drive a reliable car.

You rely on consumer credit to bridge the gap between your income and expenses. It’s easy and convenient. Because you pay double-digit interest rates on your revolving debt, you end up paying at least double the amount for the goods and services you charge. You don’t think about paying twice. You live for today and assume that tomorrow will take care of itself.

If your answer was B then you are fine with full price. If you have money don’t hesitate to spend it. You’re a cash buyer, not a wheeler-and-dealer, and you’d rather only pay the asking price. No problems, no problems. You have a money mentality.

You pay as you go. If you like it, you buy it. If you don’t, wait.

They don’t pay so much attention to prices. As a result, your income will match your lifestyle. You don’t live beyond your means and you don’t owe credit cards. Still, it takes every penny to pay the bills. You live from one paycheck to the next. It seems like you can never get any further.

Once you’ve picked C, your temperament is geared towards living your life at half the price. You enjoy the challenge of living below your means. They never try to pay full price. You get a thrill when you hit the system. You earn more than you spend and save the difference.

You know your prices. You’re patient. And you know how to pay less than the usual price for almost anything. In fact, you take pride in living your life at half the price.

They live a low-key lifestyle and are very content to be prepared for the unexpected. You are living below your means and that means contentment, joy and a financially stress-free life.

Of course, nobody pays double the price for everything, and nobody can be sure that they will never pay more than half. My point is that with every spending option comes a choice. You can choose to go into debt. You can choose not to spend more than you have; or you can work hard to pay half the price.

We are not tied to our temperaments. The way we naturally think, react, and act about money or myriad other things is simply our first answer. We are in control of these thoughts and behaviors. Sometimes our responses are those of brutal children who need adult supervision and discipline.

Cash abilities for teenagers | On a regular basis Cheapskate

Elementary school age children become more aware of the real world around them. They are eager to learn and still believe everything adults tell them. And they want their own money.

For all of these reasons I suggest now is the perfect time to start a simple admissions system. This provides wonderful opportunities for you to pass on your values ​​as you guide your young children through simple lessons about giving, needs versus want, and delaying gratification.

How much allowance should a young child receive? The amount depends on your financial situation. Some families set the allowance based on age – for example, $ 1 for each year of age. This eliminates questions about when and how much needs to be increased.

At this age, children do better with close supervision and short time frames, so it is best to get their allowance on a weekly basis.

Should it be tied to choirs?

Many experts say that allowance should necessarily be the payment children receive for their assignments and assigned jobs. No work, no pay.

Others believe that the citizens of the “family community” should share in their income and responsibilities. They say an allowance shouldn’t be paying for housework, but they add that with privilege comes responsibility. Citizens have to do tasks and jobs because they are part of the community. Good citizens do that.

An easy way to teach a child basic money management is to label four jars: “Give,” “Long Term Savings,” “Short Term Savings,” and “Spend Now.” Clear plastic containers are best because your child can see the coins and currency build up, but you don’t worry about the dangers that glass containers can pose.

“Giving” is money your child gives to charity or the Church.

“Long-term savings” are for college or something far in the future.

“Short-term savings” apply to something meaningful like a new bike or a special toy.

“Spend Now” is money your child can spend right now.

With the four container system, you can opt for a 10-30-30-30 plan where 10% is for donations and 30% each for long-term, short-term and immediate spending. Or you can do 10-30-40-20. Whatever it is, make it non-negotiable and then help your kids use their math skills while at the same time developing the habit of managing their money before they spend it.

Finally, teach your children: “If a lot is given, a lot is demanded from him!” A simple expense journal is one way that children can be held accountable for how and where they spend their money.

The goal of parenting is to help children grow wings only to eventually fly away. Building financial confidence in your children’s lives is an important way to prepare them for the flight.

You may feel that you have plenty of time to deal with letting go of parenting. That may be true, but I can tell you from experience that it will be a lot easier if you start now.