A large shop in a Nottinghamshire town will close after its waning profitability resulted in a 'difficult decision' being taken. Oxfam's large homewares store in Nottingham Road, Arnold, will close on Friday, May 19, after the international charity decided it was no longer profitable enough to justify running.
The charity's other Arnold branch, located in Front Street, will remain open. The number of job losses as a result of this decision have not been disclosed, but the organisation said it had considered the impact on staff and volunteers before making the decision.
An Oxfam spokesperson said the shop was no longer raising an adequate amount of money towards the charity's goal of alleviating global poverty. “Oxfam shops exist to raise as much money as possible to overcome poverty and suffering in some of the poorest countries in the world. We constantly evaluate the profitability of all our shops, to ensure they are efficient and making the most money for Oxfam's vital work," the spokesperson said.
