General Manager Tom Therien told the North of 53 Co-op annual meeting last night they had sales last year of over 26.6 million dollars with total net savings of just over 2.3 million or 8.7 percent of sales all records for the Co-op with a successful year in all departments.
The Board authorized cash repayment to members of just over 609 thousand dollars from an allocation of 4 percent for food and 7.75 percent for petroleum with cheques now available at the store.
Therien noted their shopping center is old and its definitely time to look at a brand new store. He says they have talked to the development company at the mall sight about property as well as Loblaws about the vacant Extra Foods building but they are not interested in selling.
Nominations were held for two three year positions on the board. Two current members are seeking re-election Lyle Borgstrom and Erhart Dzuibak along with Del Ward. An election will be held in the store May 9th with advance polling May 2nd.