L.A. Times article about H&M and Fast Fashion
An H&M store in New York on May 31, 2013. (Mark Lennihan / Associated Press)
Photo from L.A. Times article.
L.A. Times mentions that H&M will be closing more than 170 stores this year, and its stock price has dropped more than 40% in the last six months. While we would all hope this means customers are searching for more sustainable clothing options, it merely reinforces the fact that fast fashion and low-priced clothing sales have become more prevalent online.
Read more about how the fast-fashion phenomenon is picking up (and not slowing down) online here.