"Platforms like eBay, Vinted and Depop have helped grow interest in secondhand shopping, which is positive for the whole reuse sector. As the biggest eBay charity seller and a top-rated Depop seller, we know there's strong demand for quality preloved items. Transactions across our physical shops are up on the previous year, demonstrating that demand across our wider estate remains strong."
"Increases in national insurance for employers and the minimum wage had put a big squeeze on profitability for some charities. The price of rag or clothing which it is not possible to sell for reuse in the UK has also sunk in recent years, hitting income for charities, which sell this fabric on to specialist traders."
Charity shops are experiencing sales growth driven by young consumers inspired by secondhand fashion platforms such as Vinted and Depop. Save the Children achieved 3% sales growth last year, outperforming the charity retail industry average of 1.4% and the wider retail sector's 1.1% increase. However, charities face significant profitability challenges from rising national insurance contributions, minimum wage increases, and higher utilities and rent costs. The quality of donations has declined due to fast fashion trends, and the resale value of unsellable clothing has dropped substantially. These pressures resulted in nearly 80 UK charity shops closing last year, reducing the total to 4,304 locations.
Read at www.theguardian.com
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