Problems at the Troy Food Co-op?
From a recent email sent out to Troy food co-op members:
The cold hard fact is that in October, only 38% of sales came from you. When we began this journey in September 2005, we knew our business success depended on sales from the Co-op's owners who invested dollars and volunteer time. As our financial situation continues to worsen, we're wondering where YOUR shopping dollars are. We need all of you, the owners, to spend a minimum of $30.00/week (or more!) to meet our weekly sales requirement to remain viable.
It's sad to hear the co-op might be having problems. The market just opened in October -- pretty much everything we've heard about it has been generally positive. And downtown Troy really needed a supermarket.
Update December 10: the head of the co-op's board of directors tells Chris Churchill: "We're laden with debt, and we knew we would be ... But we thought we could depend on our members to help us make our sales figures and that has not happened." She also said the co-op was planning on getting a loan that hasn't come about. [TU]
Earlier on AOA: A first look at the new Troy Food Co-op
(Thanks, person who forwarded us this)
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