Finally good news when it comes to retail sales. Clothing retailer H&M reports profits are up 13% this year, reported WWD.com.
Not only has revenue increased for the large Swedish company, but they are opening 225 new stores this year.
At H&M, you'll find stylish clothing at lower prices than most fashion retailers. For example, men's polo shirts cost $9.99 and you can easily pick up a women's dress for $25.
During the recession, people are cutting back and spending less on clothes. Why buy a high-end shirt when you can get one cheaper at H&M and still look hip?