Mar 06 2024

HOW DO YOU FIND OUT THE TRUE POTENTIAL OF A CHARITY RETAIL BUSINESS?

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[…]

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Jan 29 2024

HOW DO YOU IMPROVE THE PERFORMANCE OF A CHARITY RETAIL BUSINESS?

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[…]

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Nov 12 2023

CHARITY RETAIL BUDGETING CHECK LIST

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[…]

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Nov 06 2023

THE REASONS WHY SO MANY CHARITES ARE REVIEWING THEIR RETAIL BUSINESS

The reasons why so many charities are reviewing their retail business Many charities have enjoyed a retail sales boom since mid-2022 through to the end of 2023. Most charities understand the increased cost pressures of 2024 that include the large increases to the national living wage that could greatly impact profits.  Therefore, it is not[…]

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Oct 30 2023

CHARITY RETAIL PREDICTIONS 2024

Charity Retail predictions 2024 What are the key predictions for charity retail in 2024? Background We are living in a very traumatic period with high inflation although this may have reached its peak in late 2023. It is unfortunately a perfect storm with a war in Europe plus serious unrest in the middle east, high[…]

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Aug 21 2023

THE RISE OF CHARITY RETAIL DIFFERENTIATION

Customer shopping trends are still evolving with the buying preloved goods becoming increasingly popular for range of reasons including the growing cost of buying new, and the increasing desire to help the planet.  These changes have boosted sales and grown the confidence for charities to grow and further develop their retail businesses.  This has really[…]

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Aug 06 2023

RETAIL LEADERSHIP

Good leadership is criticially important for the long-term success of all businesses and retail is no exception. One of the main challenges for charities with a retail business is that retail is not their area of expertise.  This makes charities normally very dependent on the capabilities of their retail leadership. There are some key differences[…]

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Jul 30 2023

HOW TO MEASURE YOUR RETAIL PERFORMANCE?

There are a range of different measurements of charity retail performance, but which is the best? Profit vs Budget For many charities this is the ultimate financial measure, but it is totally dependent on the quality of the budget, and it does not consider the real potential of individual shops and e-commerce. Assessment of this[…]

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Jun 04 2023

CHARITY RETAIL SALES TRACKER

CHARITY RETAIL SALES TRACKER  Are you outperforming the market?  Charity retail sales are booming. The average performance over the past 12 months is 13.2% year on year sales improvement. Apr-23 15.9% Mar-23 14.4% Feb-23 16.8% Jan-23 14.8% Dec-22 17.9% Nov-22 10.9% Oct-22 11.7% Sep-22 6.6% Aug-22 10.1% Jul-22 13.3% Jun-22 7.2% May-22 18.4%   Supplied[…]

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Jun 03 2023

RETAIL PROPERTY INSIGHT

Retail Property insight Charities come in all shapes and sizes; each have their own different property needs but satisfying their own property requirements is not easy. Background Today many charities are currently looking to expand their retail estate or change the locations of some of their shops. Large retail units are now very popular with[…]

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