Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Charity shops defy credit crunch

Top charity shops have posted a 7.4% hike in profits to £106.7 million as more people tighten their belts and embrace the 'make do and mend' culture during the economic downturn.

Oxfam topped the table of charity shops, with profits of more than £21m, while the Salvation Army saw the biggest rate of profit growth at 64% according to the Charity Shops Survey 2008.

David Moir from the Association of Charity Shops told the BBC: "Trading conditions, as for all retailing, are now extremely tough. However, evidence from previous slowdowns is that charity shops are well placed to weather economic storms as cash-strapped consumers turn to them for value for money."

Readers' comments (2)

  • More recycling clothes. Less shopping. Less cash for me to spend on stock. Has it really come to this - buying clothes from charity shops instead of buying in to new fashions? Come on catwalk designers. We need to give our customers a reason to spend with some big hot trend or item. Awaiting the catwalks with interest. Never thought I'd say this but bring back the poncho and the gypsy skirt!

    Unsuitable or offensive? Report this comment

  • Do they pay the same rent and rates as a normal shop? Most of the work staff are not paid, most of the merchandise is given free,
    Lets get this statement into perspective please!

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.