UK charity shop profits plummet amid shift in secondhand clothes market

British Heart Foundation describes ‘exceptionally challenging’ trading after retail profit reportedly fell 23% amid rise of platforms such as Vinted Profits at some of the UK’s best-known charity shops have plummeted as they face a number of pressures, including from online secondhand clothes platforms, prompting claims that a key part of the sector’s fundraising model could be under threat.

According to unpublished…