Friday, January 27, 2012

$2.3 billion dollars lost

H&M suffered a huge financial lost last year, losing $2.3 billion dollars in revenue.

They've decided to blame higher raw material costs, currency fluctuations and the actual weather, citing the warmer winter temperatures that we've been experiencing.

It's amusing that they don't realize that their design house is has absolutely lost their way and the quality of their clothing has gone down the drain. After one wash, kiss your new top goodbye! We might be kissing H&M goodbye pretty soon as well.

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