Published: 13th Feb 2020

Charity shops are outperforming high street stores, according to research by accountants BDO LLP. BDO’s Charity Retail Sales Tracker – which tracks the monthly like-for-like sales of 4,000 charity stores – reports total like-for-like sales increased +3.5% in October, +5.8% in November and +3.9% in December. The strong performance for charity shops compares to another bad year for the UK high street, which recorded its fifth year of falling in-store sales for retailers in 2019. According to the latest Retail Sales Monitor from the BRC and KPMG, overall retail sales in the UK decreased by 0.1 per cent in 2019, compared with the 1.2 per cent growth in 2018. BDO says charity retailers are benefitting from ‘conscious consumerism’ and a lack of consumer confidence which are making shoppers think twice about what they buy and where they buy from. Christmas provided a strong boost to charity shops, with sales up … (To read the full article, subscribe below)