KIDPIK Reports Fourth Quarter and Full Year 2022 Financial Results

NEW YORK–(BUSINESS WIRE)–Kidpik Corp. (“KIDPIK” or the “Company”), an online clothing subscription-based e-commerce company, today reported its financial results for the fourth quarter and fiscal year 2022 ended December 31, 2022. Fourth Quarter 2022 Highlights: Revenue, net: was $4.7 million, a year over year decrease of 10.0% Gross margin: was 58.9%, a year over year increase of 20 basis points from 58.7% in the fourth quarter of 2021 Shipped items: were 374,000 items, compared to 477,000 shipped items in the fourth quarter of 2021 Average shipment keep rate: decreased to 67.6%, compared to 70.8% in the fourth quarter of 2021…