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[…]
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[…]
Background There has been so much change within retail since 2000, with a considerable number of mainstream retailers that have closed. Most people can remember Woolworths, Debenhams, BHS, Austin Reed, Blockbuster, and there are so many more. There was a time when most towns had shoe shops, bookshops, and a range of different clothing shops[…]
Many charities are considering updating or having a retail strategy for good reason. Retail is going through its biggest change in history driven by the growth of online shopping and changing consumer shopping habits and its now highly influenced by the economic recession. To write a successful charity retail strategy you require the following areas[…]
Is training strategic or operational? Many people don’t consider charity retail training as strategic; it tends to be grouped within the category of legal compliance or operational necessity. However, developing people within charity retail can be highly strategic because if done correctly it brings considerable long-term benefits. Unlike shop managers within mainstream retailers, charity shop[…]
Charity Retail predictions 2023 What are the key predictions for charity retail in 2023? Background We are living in a very traumatic period with high inflation, a war in Europe, increasing interest rates, massive hikes in the cost of gas and electricity, low unemployment, considerable upward pressure on wages so there is little surprise[…]
Charity Retail Online Trading Efficiencies With the growth of online shopping changing consumer shopping habits in the UK, and it was already around 20% of retail sales prior to covid 19, it is little wonder that most charity retailers have an online operation already. Whilst the lockdown has dramatically affected retailers, especially charity retailers,[…]
We are living in unprecedented challenging economic times with most of the economic pressure coming from external sources. The cost pressures for everyone and especially charities is considerable with most being very concerned if their unrestricted income from retail will be secure in the future. To future proof a charity retail business there are a[…]
Charities should review their retail businesses every 5 years as best practice as the starting point for writing a retail strategy. This charity retail review can be carried out internally or by an external company, but if carried out internally we strongly recommend some external or independent verification by a charity retail expert, because the[…]
Charity Retail future Second-hand clothing insight With second-hand clothing as the key category within charity retail shops, more are now being sold online. Recently there has been research which indicates that this key category is about to see considerable growth. There are a range of different predictions about the second-hand or resale clothing market, based[…]
