British Heart Foundation to close 150 charity shops as costs rise
Summary
The British Heart Foundation (BHF) plans to close about 150 charity shops and cut some jobs due to rising costs and more people shopping online. This decision follows a big drop in profits from their retail stores, although the charity says its overall financial health is still good.Key Facts
- BHF will close roughly 150 shops because nearly a quarter are not making enough money.
- Their net profit from 640 UK stores fell from £18.8 million in 2024 to £3.6 million in 2025.
- BHF employs about 4,545 people in total, with nearly 3,700 working in retail.
- The charity plans to close 90 shops by March 2026 and the rest by March 2027.
- Some jobs in central support functions will also be cut.
- BHF’s total income was £181 million in 2025, but net income fell by almost £9 million to £129.6 million.
- The share of income spent directly on charity activities decreased from 77% to 72%, still above their 70% target.
- The charity’s chief executive received a pay increase to £268,239 in the latest financial year.
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