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Loot Crate — which ships apparel and collectibles related to video games, comics and pop culture — laid off more than a quarter of its staff last year. And Blue Apron, the provider of meal preparation kits that went public a year ago, has seen its stock drop to a third of its IPO price. One subscription retail service, though, has so far dodged its competitors’ pitfalls: Stitch Fix. The stock price of the personalized online clothes-shopping company has more than doubled since its November IPO. On Tuesday its shares jumped more than 10% on news it would begin selling children’s clothing before closing up $1.87, or 6%, to a record $32.99. As of June it had more than 2.7 million customers — up 30% from a year earlier. It reported nearly $9.5 million in profit in its most recent quarter, which ended April 28, a turnaround from the same period last year, when it was unprofitable. It has added new arms to its business too — in 2016, it started offering men’s clothing. On Tuesday, it announced a service catering to children who wear sizes 2T to 14, ranging in price from $10 to $35 per item.
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