Why some charities are not making the most of the economic conditions As the UK economy approaches a potential recession amidst stagnating growth, there are significant expectations for a surge in charity retail performance. Historical trends have demonstrated that charity retailers often experience sales increases during economic downturns; however, the current landscape presents a more[…]
How do you measure true retail performance? Overview Most charities measure retail performance by measuring sales and profits against the budget and last year. This is a good system, providing the true potential of each shop, including online sales and profitability is fully understood and used as the budget or depending on the gap, a[…]
The formula for greater charity retail sales & profits During 2024 Charity Retail Sales overall declined year on year in many charities but not all have had declining sales. Footfall decreased during 2024, so every charity retailer had to work harder and ensure their retail operations delivered excellence in the instore customer journey and best[…]
What are the key predictions for charity retail in 2025? Background The predictions over the past few years have generally been accurate, however with the change of government in the UK, and the economic changes implemented after their first budget, makes this year more challenging, plus, the instability across parts of the world. The most[…]
Charity Retail tomorrow Charity Retail in the past Most businesses evolve over a period of time, and charity retail is no different. Think back to charity shops pre 2000 and compare them to most charity shops today. Generally, today[…]
Are Charity Retail sales in decline? A review of the sales and Gift Aid over the past 22 months have been very insightful. The main continent is the wide variance of performance across different charities and whilst Gift Aid percentage is gradually, improving, charity retail sales performance is a growing concern. Sales performance The year-on-year charity retail sales performance[…]
How to beat your retail budget Background When every new retail budget is produced there is an expectation that both the sales and profit budgets will be achieved. However, irrespective on how a charity retail budget is arrived at, very few consider the true potential of the retail business but instead base a charity retail[…]
How do you find out of the true potential of a charity retail business? The key is detailed analysis of all the key elements followed by a action plan to optimise the retail business to unlock its true potential, which in most cases it is considerably more than budget or expectation. These are the key[…]
How do you improve the performance of a charity retail business? When a mainstream retailer is not performing to its optimum performance the focus to improve performance is normally on the buying and marketing, however within charity retail it is different. Charity Retail has an extraordinarily complex range of interdependencies. It is very dependent on[…]
Charity Retail Budgeting Check List Every year charity retailers set their budget for the following year. There is normally a structured process and one of the key elements on which the future budget is based is the current performance of different individual sales channels (shops and online). However, this is really the best methodology because[…]
