Word: cooped
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Dates: during 1980-1989
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...Coop look forward to the pleasure of serving you and would like to extend to you our deepest appreciation for your continued patronage," Coop President James A. Argeros wrote to members last week, announcing that this year's rebate was 7.8 percent...
What were we told instead? That "the year was an exciting but extremely challenging one for the Coop," the Argeros letter says. It must have been pretty exciting watching the rebates plunge as the Coop experienced record sales last year...
TAKE-OVER artists have paid record fees to gobble up major Boston department store chains in the last year, citing profit opportunities in the New England market. Then the Coop entered the fray by opening stores on some of the highest-priced real estate in the city (Kendall Square, Longwood Ave., and Federal Street) and expecting to cash in on the market. But the Coop lacked any gimmick to attract shoppers other than high prices and a socialist-sounding name...
There's the heart of the problem. The Coop has wandered from it original mission, proclaimed by its motto "Serving the Academic Community Since 1882," and has tried to sell in the high-profit, highly competitive Boston retail market, for which the Coop is ill-suited. The Coop caters mainly to student needs and should not try to outdo department stores that serve a broader community. Students and faculty have funded the Coop's expensive ventures in the form of lower rebates...
After speaking at MIT on Monday night and talking with Harvard students at The Coop, Westheimer said, "I get the same questions from these students as students anywhere. Their questions are just phrased in better language and they deal with more intellectual concepts. They are very challenging...