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[…]
After the strains of 2020 and 2021 most people are looking forward hopefully to some normality in 2022 but the landscape will inevitably be quite different to life before 2020. Our blog ‘The perfect storm’ sets out clearly the reasons why the economic landscape is changing. Most Charity Retailers have updated their retail strategies since[…]
The Office for National Statistics has revealed that the number of job vacancies rose by 290,000 between May and July from the previous three-month period, to 953,000. That’s the highest level since records were started. Whilst haulage and other driving vacancies seen to be getting a lot of the publicity, they are far from the[…]
The Olympics might be over but there is another race that’s starting to seriously heat up. It’s official – when it comes to Charity Retail, the ‘Superstore Race’ is in full swing! Everyone knows within real estate, business, commercial retail, and charity retail it is all about Location, Location, Location! But it used to be[…]
Economic downturns and uncertainty can be a time of considerable concern that make businesses batten down the hatches and wait for the storm to pass. Only when clearer skies are forecasted would they attempt to change accordingly. However, the most successful businesses will, irrespective of any downturn or uncertainty, consistently look inwards and, where necessary,[…]
There is renewed hope in the UK that the rollout of a vaccination will bring about an end to the covid-19 lockdowns and that life will begin to return to something approaching normal. But what will this mean for the world of charity retail, particularly when building a strategy to move the operation forwards into[…]
