| Co-op (supermarket) |
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Information AboutCo-op (supermarket) |
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The "Co-op" refers to Supermarket s, Convenience Stores , Funeral Directors , a small number of Department Store s and other businesses owned by a variety of independent Co-operative societies but largely marketed and operated in a co-ordinated way. As with all other co-operative businesses, customers of the Co-op may become members of the society. This enables them to have some say in the operation of the business. The Co-op traditionally provided a dividend – the "divi" – for its member shoppers. The society will make a payment to the customer based on the customers' spend with the Society in the previous trading period. The co-op is not a company; it is a mutual business: it is run for the benefit of its members. It does not have to consider shareholders like private companies. In United Kingdom , the nationwide Co-operative Group , formerly the Co-operative Wholesale Society (or "CWS"), owns many of its own supermarkets, as well as supplying goods wholesale to the majority of British co-operative societies, providing a common branding and logo. In Scandinavia , the national cooperations of Norway, Sweden and Denmark joined as Coop Norden A/S in 2002. In the United States , the Park Slope Food Coop in New York City is the largest wholly member-owned and operated food coop in the country. SEE ALSO EXTERNAL LINKS UK Consumer Co-operatives
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