Oxfam thrives during credit crunch
Amid the credit crunch, Oxfam sales are up 7% with stores taking £80 million in the year to April. Cash strapped consumers are looking to charity shops for bargains and combined with ethical sales on the increase, Oxfam retail arm is beating the rest of the high street. Last January the charity set up a scheme with Marks & Spencer allowing people handling M&S clothing into Oxfam stores received a £5 M&S voucher. Oxfam estimates the scheme has raised over £1m.
