![Stitch Fix gallery feature](https://multichannelmerchant.com/wp-content/uploads/2023/09/stitch-fix-gallery-feature-300x159.jpg)
Stitch Fix Aims for Growth, Post Restructuring
Stitch Fix, the algorithm-driven, stylist-focused purveyor of subscription apparel, saw revenue drop 21%, a 13% decline in active clients and a 9% dip in revenue per client in 2023. But new CEO Matt Baer, a former Macy’s executive, sees a pivot leading to growth after a painful restructuring. The company is shutting down two of its five fulfillment centers to right-size operations and inventory.