Charity 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retail profit fell 23% to £4.9 million in the last financial year, down from £6.4 million the year before, according to unpublished accounts.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 model that has long been a staple for the sector.

Have you noticed yourself buying or donating less at charity shops since using online platforms?

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