Retail sales – Mixed results

A new survey paints a mixed portrait of the more than 7,000 charity shops in the United Kingdom, Guardian Unlimited reported July 11.

After a two-year slump, Charity Finance magazine reported in its 10th annual survey, profits at charity shops grew slightly.

One-third of the shops posted growth in profits of more than 20 percent, while profits fell at another third.

Charities with a lot of shops had a tougher time than those with only a few outlets, the survey said.

“Charity shops have been going through a difficult trading period over the last couple of years but the initial indications from the first few months of  2001 are positive and the mood is cautiously optimistic that things are now improving,” Lekha Klouda, executive secretary of the Association of Charity Shops, told Guardian Unlimited.

The shops are run by more than 100 organizations and generate 400 million pounds a year, or nearly $560 million, in revenue.

For full story, go to Guardian Unlimited.

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