shares of stitch fix inc fell after hours on tuesday after the online clothingselection and styling service offered up a weakerthanexpected sales forecast and in the latest executive shakeup for the company stitch fix sfix said that dan jedda would step down as chief financial officer “to pursue another opportunity” he will be replaced by david aufderhaar current senior vice president of finance on april 3 for its second quarter stitch fix reported a net loss of 656 million or 58 cents a share compared with 309 million or 28 cents a share in the same quarter that ended a year earlier revenue fell to 4121 million compared with 5167 million in the prioryear quarter active clients or users who checked out or bought clothes over the past 52 weeks fell 11 to 357 million analysts polled by factset expected stitch fix to report a pershare loss of 34 cents on revenue of 413 million they expected active clients of 36 million executives forecast thirdquarter sales of between 385 million and 395 million compared with factset forecasts for 394 million for its full fiscal year which ends on july 29 they forecast sales of 1625 billion to 1645 billion wall street was expecting 1647 billion the company reported after announcing in january that it would cut salaried positions by 20 and close its salt lake city distribution center at that time stitch fix said that elizabeth spaulding was stepping down as chief executive katrina lake the company’s founder and onetime chief executive is temporarily replacing spaulding at the top spot those layoffs followed cuts last year as stitch fix tries to return to profitability the company has dealt with subscriber losses steady drop in its stock price waning ecommerce demand recession and inflationwary consumers along with competition from traditional retailers lobbing markdowns at shoppers spaulding during stitch fix’s quarterly earnings call in december said that discounting among retailers who were cutting prices to rid their shelves of unwanted clothing as consumers tried to cover moreexpensive essentials like groceries and gas bills led to lower spending and engagement among stitch fix’s own customers stitch fix whose stylists ship customers clothing that they can keep or return has also been trying to grow its “freestyle” business which allows users to buy clothing directly from stitch fix online based on personalized recommendations spaulding during the call in december noted more “softness” in the freestyle segment than expected shares of stitch fix have fallen 527 over the past 12 months by comparison the sp 500 index spx has fallen 5 over that time