Word: coops
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Although the Coop is competitive in music prices--it will match any competitor's price on a CD or tape and has a 15 percent members' discount--it cannot touch the kind of selection at neighboring Tower Records of HMV. This selection problem is not limited to the music department...
...Coop can compete with them price-wise, but they can't compete with them selection-wise," Dickson says...
Members of the board say the Coop must make changes soon in order to pull...
...Last year was the first year that I can ever remember that the Coop had a loss," says Dickson, who has been on the Board of Directors since the early 1980s. "You can't operate a business at a loss, particularly when you return most of the [money] that exceed[s] your expenses in a year to the members of the Coop...
...When the Coop makes no profit, the members get no rebate. Last fall was the first time in institutional memory when members did not receive a rebate. In 1989, the rebate was 10 percent; in 1993, it was one percent...