DATA
COS is owned by H&M, which also owns H&M, Monki, Weekday, Cheap Monday and & Other Stories. The information provided here is largely about the parent company, H&M, with specific information about COS when available.
THE PROS:
COS states that it creates pieces that are made to last beyond the season.
THE CONS:
COS does not communicate any brand-specific social or environmental supply chain practices.
Rank-a-Brand gave COS a C grading. Rank-a-Brand report that COS is on its way towards sustainability, but more improvement is needed.
/ COS is owned by H&M.
/ COS has 156 stores located worldwide and 19 online markets.
/ COS states that it creates pieces that are made to last beyond the season.
/ In July 2015, Business of Fashion reported that COS creates two collections per year, each designed 18 months in advance.
/ COS purchases its products from approximately 60 suppliers.
/ H&M, COS’s parent company, publishes a direct factory supplier list that includes names, addresses, and ratings, and second-tier suppliers.
/ H&M, COS’s parent company, discusses its climate, water, and social impacts and challenges in detail regarding H&M’s design, raw materials, fabric and yarn production, garment production, transport, sales, and use in detail.
/ We don’t have information about whether the brand can trace its entire supply chain.
/ COS does not communicate any brand-specific social supply chain practices, for a full list of H&M’s supply chain practices visit the H&M page.
/ Rank-a-Brand gave COS a C grading. Rank-a-Brand report that COS is on its way towards sustainability, but more improvement is needed.
/ H&M has a Code of Conduct, and it applies to all suppliers, subcontractors, and business partners.
/ H&M was the first company to sign the Bangladesh Accord for Fire and Building Safety. However, The Clean Clothes Campaign states in 2015 that none of H&M suppliers in Bangladesh meets the building safety standards of the Accord. And that H&M is well aware of that.
/ According to the Sydney Morning Herald in 2015 “more than 60 per cent of factories that H&M rated as its all-round, best performing, still do not have fire exits, meaning the lives of 79,000 workers are at risk.”
/ COS does not communicate any brand-specific environmental supply chain practices, for a full list of H&M’s supply chain practices visit the H&M page.
/ H&M, COS’s parent company, has created the following commitments, which are unpacked into sub-topics and greater detail in their 2014 Sustainability Report:
- To provide fashion for conscious customers
- To choose and reward responsible partners
- To be ethical
- To be climate smart
- To reduce, reuse, recycle
- To use natural resources responsibly
- To strengthen communities
/ H&M intends to be the fashion industry’s leading water steward.
/ COS does not communicate any brand-specific community efforts, for a full list of H&M’s community work visit the H&M page.
/ According to Forbes, H&M’s CEO Karl-John Persson’s net worth is estimated at $3 billion.
/ We don’t have information on the leadership team of COS.
/ COS does not communicate any brand-specific supply chain innovations, for a full list of H&M’s innovations visit the H&M page.
/ H&M, COS’s parent company, invests in closed-loop technologies.
/ H&M publishes a list of all their direct suppliers with names addresses and supplier ratings. The list also includes subcontractors and the most important second tier suppliers.
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VOICES
KATE ABNETT | BUSINESS OF FASHION
“Contrary to H&M’s ‘fast-fashion’ model of quickly designing catwalk-inspired product and delivering new styles to stores each week, Cos — which stands for Collection of Style — creates two collections per year, each designed 18 months before it goes on sale” – 07/29/2015
MATTHEW SCHNEIER | NEW YORK TIMES
“It is part of an emerging band of midlevel mass-market fashion — another H&M creation and recent New York import, & Other Stories, is a fellow traveler — that aims to draw those who have graduated from the most disposable of fast-fashion offerings and, in many cases, the frenetic megastores where they are sold.” – 12/30/2014
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