EACH has been recorded as the second-fastest growing retailer in a national survey of 71 charities.
The latest edition of the annual Charity Shops Survey “saw a slight fall in the number of charity shops - the first such drop since 2003”, with charities such as Oxfam GB and Age UK reporting a series of closures.
EACH bucked that trend, though, adding seven shops to its retail portfolio in 2017/18.
That rise was reflected in our income growth, as we recorded the second-largest increase of 21.8%. While those stats might go hand in hand, we have also taken care to make sure our shops show a good profit margin and, with 33.2% of our income going straight towards care and support for children, young people and families, we rank firmly in the top 15 for profitability.
We remain ambitious and will be opening our first shop of 2019, in Dovercourt, at 10am on Thursday, 14 March.
Ian Nicolson, says: “Our shops generated an impressive profit of over £1.1 million last year and are becoming an ever more important source of funding for the vital work EACH does offering care to hundreds of children with life-threatening conditions across the region, and support to their families.
“We know some people feel high streets are becoming saturated with charity shops at the moment, so we’re always thinking about what we can do to offer something different. We now have a range of outlets, including boutique, furniture and clearance shops, and always try to offer something special, like the children’s zone in Dovercourt. Our shops also run their own events and initiatives – such as the kids book club in North Walsham that has over 330 members – to engage their communities. We hope the fact people’s money goes towards a local service resonates, too, and I think the impressive results we’ve had over the last year prove that’s the case.
“I’d like to say thank you to anyone and everyone who has supported an EACH shop, and please continue supporting us because we definitely plan to continue our programme of shop openings this year.”
The Charity Shops Survey is produced by Civil Society and sponsored by the Charity Retail Association. Ranking regions by their number of charity shops, the East of England came in fourth, with 329 being run by 20 different organisations.