Goodwill closing 16 Ontario Stores
http://www.cp24.com/news/goodwill-cl...lems-1.2740936
Goodwill closing 16 Ontario stores because of cash problems
Joshua Freeman, CP24.com
Published Sunday, January 17, 2016 5:41PM EST
Goodwill Industries says 16 stores, 10 donation centres and two offices in Ontario are closing effective today due to a cash flow crisis.
In a statement, the organization says 430 employees in Toronto, Mississauga, Brampton, Newmarket, Barrie, Orillia and Brockville are affected by the closures.
“Due to a number of factors affecting the retail environment, Goodwill is facing a cash flow crisis,” Keiko Nakamura, CEO of Goodwill Industries of Toronto, Eastern, Central and Northern Ontario said in the statement.
Nakamura said the organization is facing “a tremendously difficult time,” but called the situation “fluid.”
“Goodwill is exploring a variety of options to continue its decades-long mission,” he said. “Goodwill will be reaching out to the union, stakeholders and all levels of governments to bring clarity as soon as possible.”