Though less than than 10 years old, Kitri has established a loyal fashion fan base thanks to its playful prints, fresh silhouettes and quality pieces at mid-range prices. But, despite its devoted following, the label has just announced its closure. In an Instagram post, Kitri’s founder, Haeni Kim, wrote: “This decision has not come easily. We explored every possible avenue, but ultimately this felt like the only responsible path forward. Building KITRI has been one of the greatest privileges of my life. What started as a small independent brand grew into something far bigger than I could have ever imagined – worn and loved by women around the world, supported by an incredible community, and brought to life by an immensely talented team.” While the news might come as a surprise for the brand’s fans, surging operational costs and shifting consumer habits has created a nightmarish landscape for fashion brands.…