Positive result from charity retail sector in Q2

Written by Matt Ritchie

The charity retail sector has continued to achieve positive results despite an uncertain economic backdrop, according to a new study.

The Charity Retail Association’s quarterly market analysis, published today, found 67 per cent of the charities in the sample reported positive income growth when comparing Q2 2017 with Q2 2016.

This is an improvement on last year when 52 per cent reported positive growth in the second quarter compared with the same period in 2015.

The report covers 73 Charity Retail Association members representing 5,304 charity shops as at the end of June 2017

It found like-for-like sales of donated goods increased 1.5 per cent from the same period last year, after increasing 0.5 per cent comparing Q2 2016 and Q2 2015.

Rag income increased for the third consecutive quarter, up by 12.9 per cent on Q2 2016. Bought-in goods income was down by 1.9 per cent compared with Q2 2016, when it had increased by 4.8 per cent over the previous corresponding period.

The number of retail outlets in the sector remained stable, falling 0.1 per cent.

Charity Retail Association chief executive Robin Osterley said it was pleasing that the results pointed to a robust sector.

“Despite headwinds from a variety of sources, charity shops are meeting the challenge,” he said. “It is clear that they are still meeting a significant need within both the retail sector and society at large, and are continuing to punch above their weight in terms of retail performance.”

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