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The voice of Scotland’s vibrant voluntary sector

Published by Scottish Council for Voluntary Organisations

TFN is published by the Scottish Council for Voluntary Organisations, Mansfield Traquair Centre, 15 Mansfield Place, Edinburgh, EH3 6BB. The Scottish Council for Voluntary Organisations (SCVO) is a Scottish Charitable Incorporated Organisation. Registration number SC003558.

Charity shops buck trend

This news post is over 8 years old
 

​Charity shop closures less than other retailers.

Charity shops are faring better than their high street counterparts when it comes to viability, according to a new survey.

Charity retailers showed growth of 4.17% bucking the trend across the UK

Multiple retailers - shops with more than five outlets - closed 16 stores a day on average, across the top 500 town centres in the UK, according to figuresfrom PricewaterhouseCoopers (PWC).

Figures show 6,033 stores from all sectors closed in 2013.

However charity retailers showed growth of 4.17%, bucking the trend across the UK.

Mike Jervis, insolvency partner and retail specialist at PwC, said: “Casualties have been in those areas where we have seen a rapid shift online - travel, fashion, digital photography and DVDs, and banks. Those trends will continue.

“The pace of net closures has slowed this year, driven by a dash for convenience stores, cheque cashing, coffee shops and betting shops plus the usual growth in charity stores.

"It remains to be seen how close to capacity these sectors are, especially as we start to climb out of this recession.”

 

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