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After assuring women that they don’t have to wear a suit to succeed at work, the fashion industry now is promoting suits—and not just for the office.

Some women might shudder at a revival of the pinstriped power suit from the ’80s and ’90s, with haunting hallmarks such as double-breasted jackets with linebacker shoulders, long starched shirt collars, big hair and commuter sneakers.

Today’s suits are more versatile and come…