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Business & Finance

UK charity shop profits plummet amid shift in secondhand clothes market

The Guardian World Saturday 31 October 2026, 14:43 UTC By Harry Cockburn 1 min read
Key Points

Oxfam describes ‘exceptionally challenging’ trading after retail profit reportedly fell 23% year on yearProfits 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 According to unpublished accounts seen by the Financial Times, Oxfam’s retail profit fell 23% to £4.9m in the last financial year, compared with...

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According to unpublished accounts seen by the Financial Times, Oxfam’s retail profit fell 23% to £4.9m in the last financial year, compared with £6.4m in the previous year.

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UK (LOCATION) Oxfam (ORG) the Financial Times (ORG)
Originally published by The Guardian World Read original →

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