Word: coops
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...first year in which the Coop operated in the red and was also the first year that the Coop did not offer a rebate. Since then, the store has not offered a rebate to its members...
...Coop officials are hopeful that the store can once again rebound as it did after its 1971 difficulties...
According to current Coop President Jeremiah P. Murphy '73, the store is working to restore the rebate because its management believes its customers value the traditional refund...
...Most members judge the success of the Coop on its rebate," Murphy says. "I think in many ways, we've conditioned people to look at the rebate...
...Coop is also in the process of restructuring in order to adjust to changing market conditions. The Coop has hired Barnes and Noble Bookstores to manage its stores and has embarked on a major renovation project...