UK charity shop profits plummet amid shift in secondhand clothes market

British Heart Foundation describes ‘exceptionally challenging’ trading after retail profit reportedly fell 23% amid rise of platforms such as VintedProfits 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platforms, prompting claims that a key part of the sector’s fundraising model could be under threat.According to unpublished accounts seen by the Financial…

Source: The Guardian World — Original report ↗

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