This is How the Fashion-Starved Plus-Size Shopper Defines ‘Luxury’

Would you use the word “luxury” to describe the apparel assortment at Banana Republic? Probably not—especially when compared with the truly lavish wares concocted deep inside the storied couture houses of Paris. But according to Universal Standard co-founder and creative director Alexandra Waldman, her shoppers think of the size-inclusive startup’s thoughtfully crafted sweaters, coats, culottes,…