We are a little more than halfway through our fiscal year (which ends June 30), and with the pandemic and our expansion, the first half of our fiscal year has been nothing ordinary!
Here’s a brief recap on how our Co-op performed and what’s ahead in the coming months.
Looking Behind
Hitting our expansion sales targets is critical to our project success. So far, with some help from COVID-19, we are exceeding our sales benchmarks. Our team has done extremely well managing our margins and our expenses, and so far this year, we are showing a positive net income. This is really incredible news as we had projected a negative income for the quarter ending December 31 and a slightly better than break-even fiscal year. We know how important your participation in our Co-op is to our success so far. Once again, we share our gratitude for your involvement.
Looking Ahead
While the physical construction work is completed, much work lies ahead. In the coming weeks and months, we’ll complete our expanded dairy department’s merchandising and improve our product selection in other areas where we have gained space. We always welcome new product suggestions, but this is a significant time to share as we work to make the best use of our added space. You can submit your products request through our general contact form (or fill out a suggestion form at our customer service desk the next time you visit our store).
Additionally, our co-op must be accessible to everyone, and we plan to implement our expansion promise of lowered pricing in our center store. Our improved buying power through the expansion means we can pass along those savings to you.
We will also work to implement new green initiatives like installing EV Charging Stations and more rooftop solar panels for the new section of our building. When the pandemic allows us, we will open up our new community resources — like the amphitheater and conference room — to all.
Finally, we decided to postpone our Grand Re-Opening Celebration to a later date. We really want to celebrate with you — but it’s still not the right time due to COVID-19.
We are looking forward to what’s ahead.
