Commentary: Still no brakes on fast fashion
by Elizabeth L. Cline, Los Angeles Times
Apr 06, 2018
3 minutes
Fast fashion giant H&M has lost its luster. Its stock price dropped more than 40 percent in the last six months. It will close 170 stores this year, more than it has in two decades. It suffered a string of PR missteps, including launching an ad campaign viewed as racist and getting caught incinerating tons of leftover goods. Then last week the news broke that the company is sitting on a staggering $4.3 billion in
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