Share

BHF shops make biggest profit yet

BHF shops make biggest profit yet
News

BHF shops make biggest profit yet

Fundraising | Kirsty Weakley | 1 May 2012

British Heart Foundation has today revealed that its charity shops division had its most successful year to date by making a profit of £31m in 2011-2012.

This is an increase of £5m on 2010-2011 and a 3.1 per cent increase in like for like sales.

BHF says the reason for its shops success is a combination of the current economic climate and its shop expansion plan which has seen a 5 per cent growth in the last year.

Retail director Mike Lucas said: “Our shops are proving a popular choice for shoppers keen to buy good quality items at low prices. The recession has seen our sales grow – giving us the confidence to further extend our nationwide network of BHF shops and furniture and electrical stores.”

The retail arm now has more than 700 shops and 140 furniture and electrical stores around the UK.

BHF topped the 2011 Charity Shops Survey with a turnover of just over £133m and opened its 700th shop in December 2011. In February it announced that it had had its most successful Christmas yet with its sales figures increased by nearly one-fifth.



 

 

Comments

[Cancel] | Reply to:

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

  • Robust but respectful debate
  • Strongly held opinions
  • Intelligent relevant discussion
  • The sharing of relevant experiences
  • New participants

We will not publish:

  • Rude, threatening, offensive, obscene or abusive language, or links to such material
  • Links to commercial organisations or spam postings. The comments board is not an advertising platform
  • The posting of contact details for yourself or others
  • Comments intended for malicious purpose or mindless abuse
  • Comments purporting to be from another person or organisation under false pretences
  • Gratuitous criticism, commentary or self-promotion
  • Any material which breaches copyright or privacy laws, or could be considered libellous
  • The use of the comments board for the pursuit or extension of personal disputes

Be aware:

  • Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
  • Comments left by others may not be accurate, do not rely on them as fact
  • You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

  • Enjoy the opportunity to express your opinion and respect the right of others to express theirs
  • Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.

Free eNews

Eton income rises to £62m; bursaries and scholarships cost it £5.7m

2 Mar 2015

Eton College posted a surplus of £3.2m in its last financial year and income from school fees increased...

Charity shops 'more popular than eBay', according to survey

27 Feb 2015

A survey conducted by nfpSynergy has found that Britons prefer to shop at charity shops rather than using...

Charities Property Fund reports £100m of transactions last December

26 Feb 2015

The Charities Property Fund has grown to £865m after reporting £100m of new transactions in December...

Former Science Museum chair announced as British Heart Foundation's next chair

3 Mar 2015

Amazon China president, Douglas Gurr, has been appointed as the new chair of the British Heart Foundation...

Commission 'concerned' about charities that ignore Lobbying Act

2 Mar 2015

The Charity Commission’s director of policy and communications, Sarah Atkinson, has warned charities...

Scouts appoint first commercial director

2 Mar 2015

The UK Scout Association has appointed Mark Hislop to the new role of commercial director.

Daniel Phelan dies, aged 58

13 Feb 2015

Daniel Phelan, owner and editor-in-chief of Civil Society Media, passed away on Wednesday following a...

LinkedIn launches matching service to bring charity volunteering opportunities to 250,000 members

6 Feb 2015

Charities in the UK will be able to advertise volunteer opportunities to 250,000 LinkedIn members who...

Free guide to Bitcoin donations produced for charities

5 Feb 2015

Two Bitcoin organisations have launched a website and free guide to promote the use of the digital currency...

Join the discussion

Twitter button

@CSFundraising