Retail Wholesale Department Store Union Local 338 Retirement Fund v. Stitch Fix, Inc.

I. BACKGROUND

22 Defendant Stitch Fix “sells a range of apparel, shoes, and accessories through its website 23 and mobile application.” Dkt. No. 1 (“Compl.”) ¶ 2. Plaintiffs allege that Stitch Fix originally

25 1 “Local 338 Funds” refers to the following group of funds: Retail Wholesale Department Store Union (“RWDSU”) Local 338 Retirement Fund, RWDSU Local 338 Health & Welfare Fund, 26 RWDSU Local 338 General Fund, and RWDSU Local 338 Benefits Trust Fund. See Dkt. No. 26 (“Local 338 Mot.”) at 1. 27 2 Mr. Dax Billcheck also filed a motion for appointment of lead plaintiff and lead counsel, Dkt. “sold products as a ‘Fix’ box, through which the customer would receive a monthly box of items chosen by a personal stylist.” Id. The complaint further alleges that in late 2020, “Stitch Fix launched the ‘Freestyle’ program—a new, direct buy program where customers could choose from the outset which items to purchase.” Id. ¶ 3. According to Plaintiffs, “[t]hroughout the Class Period, Stitch Fix touted that the two programs were synergistic, and repeatedly denied claims that the Freestyle program could cannibalize its legacy Fix business.” Id. …