What’s Behind the Slow Fashion Recession

In February,

, the Oregon-based purveyor of ethically made high-waisted granny panties, sculpting tank tops and other exaggerated underwear, quietly stopped accepting returns. The next month, it put much of its inventory on sale, stopped updating its Instagram and informed customers it was shutting down. A comment left by the screenwriter Lesley Arfin on the brand’s final post served as an eulogy:

“I CANNOT BELIEVE YOU ARE DONE THIS IS…