Word: coops
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Dates: during 1990-1999
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...year, the Harvard Cooperative Society's board of directors voted last week not to offer its members a rebate for last year's purchases. This decision marks the first time the store will not pay a refund since records have been kept. The year before, the Coop rebate fell to an all-time low of one percent...
...Coop has taken steps to soften the blow for student members, including a 10 percent discount on fall textbook purchases. Many students, in fact, will benefit more from this discount than from the now extincl rebate...
...despite the discount, Coop members should still be upset by the absence of a rebate. The reason is simple: the Coop is not just any other business. It's a "cooperative society," in operation not just to turn a profit but to give special benefits to its members. When members receive treatment no different from that of other customers, an implicit contract has been broken. While snazzy calendars and special discounts on Harvard wing chairs are nice, they're not enough...
...Even the Coop is now in trouble, with revenue so low that the Harvard flagship book store will not offer a financial rebate to members this year...
...torrential rain showed no signs of abating through the day, large barrels were placed at leaky positions in the Science Center. Inside the Coop, an unusually large crowd of students was seen huddled around the umbrella rack. At Kirkland House, administrators kept a separate box for waterlogged study cards...