Stitch Fix Appoints Former Macy's Executive As Its CEO
Portfolio Pulse from Shivani Kumaresan
Stitch Fix has appointed former Macy's executive Matt Baer as its CEO, effective June 26, 2023. Baer was previously Chief Customer & Digital Officer at Macy's, responsible for the growth and strategic long-term vision of Macy's and Bloomingdale's digital businesses.
June 14, 2023 | 3:22 pm
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POSITIVE IMPACT
Stitch Fix appoints former Macy's executive Matt Baer as CEO, effective June 26, 2023. Baer's experience in digital businesses may benefit the company.
Matt Baer's appointment as CEO of Stitch Fix is likely to have a positive impact on the company's stock price in the short term. His experience in digital businesses at Macy's may help Stitch Fix grow and adapt to changing consumer trends.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Former Macy's executive Matt Baer has been appointed as CEO of Stitch Fix. Baer was previously responsible for the growth and strategic long-term vision of Macy's and Bloomingdale's digital businesses.
Matt Baer's departure from Macy's to become CEO of Stitch Fix may have a neutral impact on Macy's stock price in the short term. While his departure could be seen as a loss for the company, it is not directly related to Macy's current operations or performance.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50