Word: coops
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Dates: during 1990-1999
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...yearly figure for the rebate has varied, depending on the profits made by the Coop during the previous year...
Citing low earnings and increased shoplifting, then-Coop President Milton P. Brown '40 announced the store would slash its rebate by more than 50 percent...
...Coop has traditionally refunded its members a set fraction of the amount it spends on purchases during the school year...
...Coop members did not receive a rebate during the 1994-95 school year, although students were given a 10 percent refund on book purchases in the fall semester. The Coop did not give any rebate or refund during the 1995-96 academic year...
Current troubles notwithstanding, 1970's rebate slashing was unprecedented. The year also marked the first time Coop officials in the 1970s remember facing serious financial difficulties...