DFace NewsCharity shop profits slump as Vinted and rivals reshape secondhand fashion
The British Heart Foundation has described the current trading environment as 'exceptionally challenging,' following a drop in profits at Oxfam. Oxfam's retail profit fell 23% to £4.9 million in the last financial year, down from £6.4 million the year before, according to unpublished accounts. The rise of online secondhand clothing platforms is putting pressure on a fundraising mode…
Source: The Guardian