UK charity shop profits plummet amid shift in secondhand clothes market
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…
By · October 31, 2026 · 1 min read
This article was originally published by
The Guardian World
and is republished here under license.
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According to unpublished accounts seen by the Financial Times, Oxfam’s retail profit fell 23% to £4.9m in the last financial year, compared with £6.4m in the previous year.
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