Ministry of Supply

Lower consumer prices and pending interest rate cuts won’t completely solve fashion’s economic woes, but a rosier outlook this year gives brands a chance to drive profitable growth as consumer spending rebounds.

As the economy weakens and funding dries up, more digital upstarts will face pressure to sell. They’ll have no trouble finding buyers – if they can prove they’re more than just another money-losing start-up.

"As a 14-year-old Boy Scout who went on backpacking trips in western Massachusetts, Gihan Amarasiriwardena couldn’t find a fleece jacket that would