Word: coops
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Dates: during 1990-1999
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Traditionally, profits that the store earns from its members are returned in the form of a rebate, which is a fixed percentage. For example, with a one-percentage rebate, any student who spent $500 at the Coop would receive a check for five dollars at the end of the year...
...Coop, which serves the needs of both Harvard and MIT, has roughly 135,000 members, of which some 20,000 to 25,000 are students...
...what the store says is an attempt to compensate students for the rebate loss, the Coop is already offering a 10 percent discount on fall textbook purchases. The store has had similar discounts in recent years...
Managers at Wordsworth and the Coop say theydon't view Buck a Book as a rival because itoffers a different selection...
...Coop, which sells some 2,000 titles a day,according to an assistant manager who would onlygive his name as Nolan, doesn't seem perturbed byBuck a Book...