Mmastodon BusinessRetail first seen 2 d ago, last 2 h ago, peak #1
Charity shop chains struggle as online resale platforms boom
Original: Many charity shops chains are in crisis, delivering diminishing (or in some cases no) returns to their respective charit
Charity shop chains in the UK are facing a crisis, with many delivering shrinking returns to the charities they support. The rise of online resale platforms such as eBay and Vinted has moved the market for cheap second-hand items online, cutting into the donations and sales that traditionally funded charitable work through physical shops.
Why now: Online second-hand marketplaces are diverting the low-cost resale business that charity shops depended on, putting a long-standing funding model at risk.
Rank over time, top of the chart is #1. 7 snapshots from 10 h ago to 2 h ago.
Evidence
- Many charity shops chains are in crisis, delivering diminishing (or in some cases no) returns to their respective charities. This crisis has been driven by the development of online platforms that have shifted the expanding market for 2/h items on-line (from EBay to Vinted). Of… · ChrisMayLA6@mastodon.me.uk · 46
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