UK charity shop profits slump as shoppers turn to Vinted and Depop

Profits at major UK charity shops are falling as people sell used clothes directly on platforms like Vinted and Depop. Oxfam's retail profit reportedly dropped 23% to £4.9m, while the British Heart Foundation plans to close 150 loss-making stores. Cancer Research UK and Scope are also shutting shops, even though UK secondhand clothing spending has quadrupled to £8.8bn a year.