Word: coops
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Dates: during 1990-1999
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Although the store managed to reduce its operating losses from last year, it still suffered an 11.2 percent drop in overall sales, according to Coop President Jeremiah P. Murphy...
Citing the Coop's varied history, from originally selling firewood to storing steamer trunks and later serving as a laundromat and pharmacy, Murphy said, "We will always support what is going on at the University and adapt to what the students want...
Having watched sales decline since the early 1980s, when the Coop was able to offer a nine-percent rebate to its members, Murphy said the store realized there were certain markets in which it could not compete...
Some students agreed yesterday that the Coop should not operate as a general department store...
...indeed, operating costs have declined since Barnes & Noble took over as the Coop's manager of operations last fall, with the large bookstore chain assuming the Coop's costs of advertising, data processing and some employee benefits and salaries...