• From The BBC:

    Charity shops in the UK seem to have beaten the economic slowdown as shoppers look for value away from the traditional High Street chains.
    The profits of the top charity shops rose 7.4% to a total of £106.7m over the past year, according to the Charity Shops Survey 2008.
    Top of the charity money earners was Oxfam, with profits of more than £21m.
    The biggest growth came from the Salvation Army, which saw its profits surge 64%.
    The increases in charity shop profits contrast with falls across the rest of the retail sector as the credit crunch has started to bite.

    Recent figures from the British Retail Consortium show that retail sales values were down almost 1% from July 2008.
    Since the credit crunch started, clothing chain Ethel Austin and the shoe retailer Dolcis have gone into administration as shoppers have cut back on spending.
    Defying the downturn
    But while mainstream retailers have been struggling, some charity outlets have been preparing themselves for an increase in b…

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    Posted by Jon @ 2:24 pm

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