H&M Clothing: Quality Level?

I was wondering about the clothing sold by the H&M store chain. It looks reasonably good, and the prices are reasonable. Is the clothing of good quality? Or is it meant to last one season only?
The store seems successful-what is your opinion?
Most of the clothing is made in 3rd-world countries-ones not usually known for high quality.

Hate to break it to you Ralphie, but almost all clothing these days is made in the third world, except for the single tag which says “made in…”.

Here, the land where H&M comes from, it is seen as quite disposable. It isn’t hideous quality and is generally good value, but you still get what you pay for.