Sales jump at Oxfam as austerity bites
Thursday 19 January 2012
Oxfam posted a 5 per cent jump in underlying sales over the final quarter of last year, laying bare pressure on household budgets in austerity Britain.
The increase was driven by the charity, which has 700 shops in the UK, enjoying some of its best figures for five years on categories, including books, homewares, clothing and music.
Andrew Horton, Oxfam's trading director, said: "December 2011 proved to be a bumper month compared with like-for-likes. In what has been a challenging year for retailers, for the NGO sector and for consumers – all feeling the effects of the continuing global economic crisis – we are pleased to report that Oxfam's trading income and donated sales continue to increase."
Oxfam delivered an 5 per cent rise in like-for-like sales over the 14 weeks to 31 December, while total revenues rose 11 per cent in the shorter, five-week period.
Mr Horton said: "Oxfam shops play a vital role – not only in the life of communities and high streets across the UK, but also in funding our development work."
Sales of books and homewares rose 19 per cent and 25 per cent respectively in the week to 24 December, Oxfam's best figures since 2006.
Olympic diver has made his modelling debut for Adidas
- 1 Daniele Watts: Django Unchained star's white boyfriend Brian Lucas confirms LAPD internally investigating 'racist' detainment
- 2 Isis release 'Flames of War' video warning Obama of attacks troops could face in Iraq
- 3 Pakistani passenger power forces two politicians off plane
- 4 Say yes to 'no-poo': It's been three years since I stopped washing my hair
- 5 John Travolta addresses former pilot's gay romance allegations publicly for the first time: 'That was the lowest I'd ever felt'
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Portuguese academic says British are 'filthy, violent and drunk'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
iJobs Money & Business
£18000 - £23000 per annum + Comission: SThree: The SThree group is a world lea...
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
£20000 - £25000 per annum + OTE £35,000 first year: SThree: The SThree group i...
£20 - 24k (Uncapped Commission - £35k Year 1 OTE): Guru Careers: We are seekin...