I just got this in an email and thought it was a pretty good deal. B&M only.
Fine Print says:
*Cannot be combined with any other offer. One coupon per customer. Coupon
must be surrendered at time
of purchase. Offer not valid on previous purchases, for H&M gift cards or in
conjunction with any other
discounts. Offer valid in H&M stores in the US only.
Valid Oct 5 - 10, 2011.
PDF Attached.