Fast Fashion’s Sustainability Promises Undermined by Waste
Hennes & Mauritz AB or H&M, the Swedish fashion giant, is in big trouble. According to its quarterly report released on 27 March 2018, the world's second-largest clothing retailer is now sitting on $4.3 billion of unsold garments and accessories. To reduce the stockpile, the company is planning to cut prices, slow expansion in stores, and boost its e-commerce instead. It may even get unsol…