Word: cooped
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...Harvard Cooperative Society's annual rebate will plummet to 5.5 percent this year, the lowest figure in at least 14 years, several members of the Coop's board of directors confirmed yesterday...
...Coop directors attributed the reduced rebate to several factors, including a decline in overall sales, a more competitive market in Harvard Square, and a general recession in the state...
...just a tough year. That's the major reason," said Coop director Paul E. Dans, a senior...
...Coop, which houses the nation's largest textbook department, is governed in part by a 23-member Board of Trustees. Eleven of the directors are Harvard and MIT students, and are elected by students at both schools...
...rebate, which represents a sizeable portion of the Coop's annual profits, has fallen steadily for the last several years. In 1989, students received a rebate equal to 7 percent of their total purchases. In 1988 the rate was 7.8 percent, and in 1987, the rebate rate was 9.5 percent...