Cooperative Retailing

Cooperative retailing is a business model where a group of individual or independent store owners unite to form a cooperative organization. This shared structure allows them to pool resources, negotiate better prices with suppliers, and improve purchasing power, ultimately reducing costs. By working together, they can enhance product selection, improve marketing, and provide better services to their customers. Essentially, it’s a collaborative effort that benefits both the retail members through increased competitiveness and their customers with potentially better prices and offerings.