Stat of the Month: Second-hand sales boom

£1bn: Charity shop takings in 2011.

by
Last Updated: 09 Oct 2013

Many shops on the high street are struggling, but one branch of retail seems to be benefiting from cash-strapped consumers - in sales, at least. Charity shops raked in nearly £1bn last year, an increase of £34m on 2010, putting customer spending at an all-time high.

The Charity Retail Association, which monitors the industry, says the tough economic climate is persuading shoppers to turn to pre-owned goods.

But this development comes with a caution: rising demand is creating problems with the supply of stock. Mothers with young children have become dependent on charity shops for affordable clothes and toys, the association says, but the shelves are looking increasingly empty. Nearly a third of mothers are selling outgrown items rather than donating them, and auction websites are thriving.

With job lots of baby clothes regularly selling for 99p on eBay, can charity shops compete?

Source: Charity Retail Association, JRA Research

Find this article useful?

Get more great articles like this in your inbox every lunchtime

What pushy fish can teach you about influence at work

Research into marine power struggles casts light on the role of influence and dominant bosses...

The traits that will see you through Act II of the COVID crisis ...

Executive briefing: Sally Bailey, NED and former CEO of White Stuff.

What's the most useful word in a leader’s vocabulary?

It's not ‘why’, says Razor CEO Jamie Hinton.

Lessons in brand strategy: Virgin Radio and The O2

For brands to move with the times, they need to know what makes them timeless,...

Why collaborations fail

Collaboration needn’t be a dirty word.

How redundancies affect culture

There are ways of preventing 'survivor syndrome' derailing your recovery.