UK charity shop profits plummet amid shift in secondhand clothes market
Originally published by The Guardian
British Heart Foundation describes ‘exceptionally challenging’ trading after Oxfam’s retail profit reportedly fell 23% amid rise of platforms such as Vinted Profits at some of the UK’s best-known charity shops have plummeted as they face a number of pressures, including from online secondhand clothes platforms, prompting claims that a key part of the sector’s fundraising model could be under threat. According to unpublished accounts seen by the Financial Times, Oxfam’s retail profit fell 23% to
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