A BRITISH high street chain could close up to 100 stores just months after it axed 140 jobs as part of a major restructure, according to reports.
The brand said it could not “guarantee” the future of its retail estate as a result of a challenging economic climate.
Oxfam said it is currently conducting a review of its three UK warehouses in Batley, Milton Keynes and Bicester – which employs around 90 staff members – although no decisions have yet been made to close retail locations or warehouses.
The brand acknowledged it could not “give guarantees in this difficult economic climate” about the future of its store estate, however said it was “confident” about its retail performance.
Oxfam added no concrete decision had been made to close up to 100 of its high street locations, although the review will “assess how effectively the current facilities meet Oxfam’s future business needs”.
Just last year, the charity confirmed to Civil Society that 142 staff members had been made redundant as a result of a restructure.
It said that “deep cuts” in aid funding among other factors had made 2024-25 a year of “immense challenges”.
A number of cost-cutting measures had also been implemented in the previous year, including slowing down recruitment and closing five of its least profitable charity shops.
The charity also downsized its headquarters in July 2025, as part of its move to reduce expenditure.
Despite this, Oxfam GB chief supporter officer Lorna Fallon, said that it was standard practice to “keep all parts of our retail operations under review via regular meetings”.
She added: “In 2024/25, Oxfam GB’s shops, warehouses and online retail teams generated a £6.3m (net) contribution to our humanitarian work, as well as raising dedicated funds through emergency appeals to support crises in Venezuela, the Middle East and Ukraine.
“We are confident in and positive about our current retail performance and do not have plans to close our shops or warehouses at this time.”
Oxfam currently operates more than 500 charity shops across the UK, and had employed around 4,084 members of staff between 2024 to 2025.
This follows a slew of charity shop closures in recent months, including those operated by Cancer Research and the British Heart Foundation.
The high street giants expect to close a combined total of 340 retail locations over the next two years as a result of rising operating costs and weakened consumer footfall.