Word: coops
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Dates: during 1990-1999
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...initial response has been to control costs, although rent increases in buildings used by the Coop and rising employee health care costs added more than $200,000 to store expenses last year...
...addition, Coop managers have frozen theirsalaries, unlike executives at many companieswhich have continued to spend freely despite therecession cash crunch...
...freeze has been in place at the Coop sincethe recession hit at the end of 1990. Murphy isreluctant to allow raises until sales increase,but said yesterday that salespeople would be thefirst to benefit...
...Coop's different departments have performed with varying degrees of success...
Sales in the music department have fallen, facing competition from monster retailers HMV and Tower Records have fallen. At the same time, the department that sells Harvard insignia merchandise--the Coop's cash cow--has flourished. Textbooks, which most students associate with the Coop, have never been a big money maker...