Fast Fashion Prices Become Inevitable Trend, Consumers Can Not Escape High Cost.

The second largest in the world Fast fashion Group H&M released the 2013 sustainability report in April 10th, which was released by H&M group for 12 consecutive years. In the report, H&M Hennes & Mauritz AB (HMb.ST) once again called for increasing the wages of suppliers to improve the treatment of industrial workers in Southeast Asia.

By the end of 2013, H&M Hennes & Mauritz AB (HMb.ST) had warned that it would be possible to raise the retail price of products in the future to cope with the increase in some countries. Textile workers The cost pressure brought by the treatment. H&M Hennes & Mauritz AB (HMb.ST) first announced the "Fair Lving Wage" strategy in November 2013. It plans to provide "Living Wage" basic living wage for about 850 thousand textile workers of 750 strategic suppliers before 2018, so as to ensure that all textile workers are able to live a basic life on the basis of wages.

It is reported that H&M Hennes & Mauritz AB (HMb.ST) has 1900 garment supply plants and 6 million workers, and H&M has become the first brand to sign a building safety and fire agreement after a disaster in Bangladesh's garment factory.

At the end of April 2013, a 8 storey building in the suburb of Dhaka, Bangladesh, collapsed, killing more than 1000 people and causing widespread concern in the international community and labor rights organizations.

Although more than 150 retailers or brands have announced that they will conduct a thorough safety check on 1500 factories in Bangladesh by the end of August 2014, they have yet to see any action.

According to the Bangladesh authorities, there are less than 200 factories in compliance with safety standards in the country, and it takes at least 5 years to check the whole industry.

In the summer of 2013, 17 North American retailers, including Wal-Mart Stores Inc (WMT.N) WAL-MART and Gap Inc (GPS.N), had introduced the 5 year security plan of Bangladesh, which included the inspection of all Bangladesh supplier safety issues within one year, while retailers spent $42 million to build a foundation to implement the plan. However, the detailed plan and implementation of the plan has not been introduced yet.