Why Stitch Fix, Zillow, and Other Consumer Services Stars Sank Today
Three consumer services companies that have been investor favorites of late -- fashion-box curator Stitch Fix (NASDAQ: SFIX) and online real estate portal operators Zillow Group (NASDAQ: Z)(NASDAQ: ZG) and Redfin (NASDAQ: RDFN) -- fell harder than the S&P 500 index on a gloomy Thursday for the market. Stitch Fix ended the day 3.7% lower, Zillow's two classes of stock dropped a respective 8.5% and 10%, and Redfin declined 8.7%.