Fashion
H&M steps into 2011 hit by pricey cotton
H&M has not started the new year wrapped in cotton wool as its main raw material´s price has soared to hit record highs in recent months. The high street retailer has consequently reported a bigger-than-expected 30 per cent drop in net profits in the first quarter. "Instead of passing on these cost increases (for cotton) to customers, we chose...
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