SOUTH TALLAHASSEE, FL (WTXL) — The Community Co-op Market's board met virtually Monday to discuss the store's financial future and what comes next as the market says it has been operating at a deficit for years.
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There was no vote to close the store Monday, but the board says important decisions are ahead.
In an official statement, the board said:
“To move toward financial sustainability, we need to consistently achieve approximately 15% sales growth. In recent months, we've been growing between 5% and 10%. The recent increase in shopping is encouraging. Now we need to turn that momentum into a habit.”
The board is asking shoppers to consider shifting just $30 of their regular grocery spending to the co-op each month.
The board says increased sales could give the store critical time, but it says shopping alone will not solve all of the co-op’s financial and operational challenges.
The store will be reviewing the co-op’s finances and operations to determine what needs to change to build a sustainable future.
The board also wants shoppers to keep one thing in mind: The store is open to everyone in the community, not just co-op members, and shopping there could help bring in more revenue and buy the co-op more time as it works to determine its next steps.
The co-op says it will continue communicating with members and the community as more information becomes available.
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