Word: coops
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Dates: during 1990-1999
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...Coop sales exceeded $60 million for the first time in history. Annual profits were more than $3 million. The student rebate stood at 10 percent...
Times have changed. But the Coop's current financial problems may very well have originated in that time of prosperity. The last four years have seen steady declines in sales, profits and the annual rebate to Coop members...
Last week, the store's board of directors approved a 1.1 percent student rebate--the lowest since records have been kept--after the Coop posted an 80 percent drop in profits from last year...
...number of students interviewed yesterday saidthey blame the recession, not the Coop, for thelowered rebate...
...lowered rebate is depressing, but it's theeconomy's fault not the cruelty of the Coop," saidIsaac J. Hall...