One of the pioneers in the "online eco-fashion business" is shutting down

I wonder how much this will affect Earth's climate...

From the Pangaya blog:

It is with great regret that I announce that Pangaya will be winding down operations. We first developed the notion of a high-end online retailer of environmentally-friendly women’s clothing in late 2003 and launched our online store in the summer of 2004. Since that time we have realized incredible growth, seen the industry mature in a way we never imagined, and had an incredible ride.

However, as with all businesses, the time and capital invested must provide a meaningful return for the effort to be justified. At this time, it simply no longer meets that most basic criteria.

Pangaya's 'About Us' page is here.