Barnardo’s shops chain income exceeds £1m in a week
Total income at Barnardo’s shops has topped £1m in a week for the first time ever this month – and done so for two weeks in a row.
The weeks beginning 5 November and 12 November were the most successful ever for the charity’s store chain, and maintains a trend of solid growth. In 2011/12, Barnardo’s shops profit of £9.6m was nearly 38 per cent higher than the previous year’s £6.9m, on turnover up 18 per cent to £44.2m.
According to the Charity Shops Survey 2012, the children’s charity also opened the most new stores during the year (57) and was the fourth-biggest chain, behind British Heart Foundation, Oxfam and Cancer Research UK – all of which regularly turn over more than £1m a week.
Director of retail and trading, Gerard Cousins, said: “We are delighted to have broken the £1m mark and achieved record retail results. We recently reached another milestone when we opened our 500th store in Rayleigh, Essex, and we have developed a varied portfolio or store formats, including children’s shops across the UK and a new retail park superstore in Denton, Manchester.”
This article was taken from www.civilsociety.co.uk – http://www.civilsociety.co.uk/finance/news/content/13843