retail cooperatives

Retail cooperatives are businesses owned and operated by a group of retailers who join together to leverage their collective buying power. By pooling resources, members can obtain better prices from suppliers, share advertising costs, and enhance competitiveness against larger retailers. Each member has a say in the cooperative’s decisions, fostering a sense of community and mutual support. The profits generated can be distributed among members or reinvested into the cooperative. This structure helps smaller retailers thrive by reducing costs and improving services while maintaining their independence.