"If there is one consolation, it is that, for once, the Americans have been beaten at their own game. Once hip U.S. chains such as the Gap and J. Crew have been outplayed by Inditex, Swedish-based H&M and Uniqlo. There is an upside to everything, I guess."

Mr. Yakabuski, the champagne socialist (whenever I visit Paris or Madrid) who is supposedly a "progressive" who believes ALL should be treated equally and with respect obviously takes joy is seeing Americans suffer and lose prestige. 
Hypocrisy much Mr. Yakabuski?