Word: coops
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Dates: during 1970-1979
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...Coop and Harvard Trust have agreed to a "friendly divorce," Coop General Manager Howard W. Davis announced yesterday...
Davis said that complaints from Coop members had caused the "divorce," which will terminate on July 1 the 18-month arrangement under which the bank provided credit cards to Coop members and handled all Coop billing and charge accounts. Citing the financial adequacy of the old plan, he stressed that the decision was made primarily for "reasons of practicality...
Although charge purchases at the store had dropped during the arrangement. Davis cited membership displeasure with the store's marriage to its next door neighbor as the prime reason for the break. "Many of our members felt that credit arrangements in a store such as the Coop are an intimate relationship between the store and the people. And that's a lot different than bank credit," Davis said...
...always been Coop policy to give its members the finest possible merchandise for the lowest possible price," Litwin said yesterday. "That applies to any item. We will always match competitor's verifiably lower prices for any Coop member...
...reported that Coop personnel were asked to tone down their normal style of aggressively affable sales assistance, so that the Coop would not incur an excessive loss. A spot check revealed this to be the case...