Last year rough for the Co-op

  • Feb. 4, 2008 7:00 p.m.

The Delmas Co-op had a rough year last year, with sales dropping at the Masset store and expenses going up. Manager Richard Clarmont said a lack of activity at the two fish plants in Masset contributed to the sales slowdown during the first few months of the financial year ending Sept. 30, 2007. The opening of a competing grocery store in Masset also bit into sales, he said. But sales picked up about halfway through the financial year, Mr. Clarmont said. The co-op finished the year with sales of $11.4-million, down about four percent from sales of $11.8-million the previous year. The sales drop was much more significant at the Masset store than at the Co-op’s second store in Skidegate, he said. Expenses were higher mostly because of extra costs incurred as the co-op moved into a new building in Masset this summer, Mr. Clarmont said. Staff worked extra hours moving inventory and getting the store ready. The bottom line was net savings of $286,000 for the Co-op last year, less than half the $594,000 net savings reported the year before. Meanwhile, Mr. Clarmont said the cost of bringing freight to the islands continues to rise and is driving up the prices of some groceries. Some customers have blamed the higher prices on the Co-op’s new store, but Mr. Clarmont said the two have nothing to do with each other. “The new store was all planned and budgeted for, it wasn’t based on raising prices,” he said. Co-op staff did a price comparison in December, adding up the cost of buying a cart of 25 items at various grocery stores on the islands as well as the Safeway in Prince Rupert. Mr. Clarmont said the Safeway was the cheapest, followed by the Masset Co-op and then the Gwaii branch. “I was pretty happy about it,” he said. “We’re the cheapest on the island.” But he warned that prices could continue to increase, as the cost of freight goes up. The price of grain is also rising, which will lead to higher prices on flour, bread and other grain products, he predicted.

Just Posted

The Drive Home: Self-bettering through belly buttering

By Chris Williams Have you ever experienced the sheer horror that comes… Continue reading

Rediscovery co-founder Thom Henley returns to Haida Gwaii with new memoir

Henley to speak in Old Massett Thursday night and in Queen Charlotte on Friday

Overnight fire destroys home in Tlell

Tlell firefighters are having a busy year

Crime Stoppers launches across Haida Gwaii

They aren’t the police, and they don’t want to know who you… Continue reading

VIDEO: Rare comic showing Superman’s 1st appearance to be auctioned

The 1938 comic features Superman hoisting a car over his head

David Cassidy, teen idol and ‘Partridge Family’ star, dies at 67

Cassidy announced earlier this year he had been diagnosed with dementia

Vigil held for woman whose remains were found on Shuswap farm

Family and friends remember Vernon resident Traci Genereaux and along with five other missing women

Brewers create anti-fascist ale

Not For Nazis Nut Brown Ale made in the Shuswap will be ready in time for Christmas

LETTER: Jumbo Valley is part of Ktunaxa territorial claim

Ktunaxa Nation Council responds to Tom Fletcher column

3,800-plant grow-op busted on First Nation reserve

Three men face charges after RCMP bust a large drug operation on the Soowahlie Reserve near Chilliwack

VIDEO: Government approves funding of $750,000 drug for B.C. woman

Approval comes one day after province announces funding for Soliris on a case-by-case basis

B.C. boy’s social media bid to get levidrome in the Oxford dictionary goes viral

‘It’s been five weeks and has totally blown up today.’

Whistler venues could see 2026 Olympic action

Calgary is looking to cut down on costs

Most Read