Charity shops buck trend

Charity shops cropped

​Charity shop closures less than other retailers.

24th March 2014 by Robert Armour 0 Comments

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 figures from 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.”