Although many consumers have slowed their spending due to the current economic woes, fast-fashion retailer H&M still reports profits from selling up-to-date styles at budget prices.Competitor Zara, owned by Spain's Inditex, recently reported lower profits . . . but its expansion continues as it opens dozens of new stores in China and Russia.
Japan's Fast Retailing--parent of Uniqlo--is also growing quickly and bringing value-priced fashion apparel to shoppers around the world.
Once the economy recovers, will fast-fashion retailing be as attractive?
