The two were fatally stabbed on Friday evening in front of passers by on Union Street in Birmingham.
Wayne Busst, 32, and Ian Gladwish, 31, both from the city, had sold the Big Issue in Birmingham for a long time, and were said to be popular with the charity.
Big Issue founder and editor-in-chief John Bird has paid tribute to the two vendors and said everyone at the magazine was devastated. He said:
Myself and everyone at The Big Issue has been deeply saddened to hear the tragic news that two of our well-liked Birmingham based vendors were stabbed to death in the city centre yesterday evening. We are struggling to make any sense of this utterly senseless attack, and our sincerest condolences go out to the families of the victims.
This awful crime, perpetrated against two hard working, mild mannered men, only serves to illustrate the extreme vulnerability of people who live and work on the streets. Which is why we at The Big Issue are constantly striving to create opportunities which will help our vendors to get off the streets and out of harms way.
Despite receiving first aid from passers-by and police officers they died at the scene. The man, who was arrested shortly after the incident, will appear at Birmingham Magistrates' Court later.
Police have said there could have been hundreds of witnesses and released photographs of the two men yesterday.
Detective Inspector Buck Rogers of West Midlands Police said:
We have had a fantastic response from the public so far and their information has proved vital to our investigation.
We pass on our deepest sympathies to the victim's families and friends at the Big Issue.
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