Oxfam describes ‘exceptionally challenging’ trading after retail profit reportedly fell 23% year on year
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According to unpublished accounts seen by the Financial Times , Oxfam’s retail profit fell 23% to £4. 9 m in the last financial year, compared with £6. 4 m in the previous year. Continue reading...