Calgary Co-op

Calgary Co-operative Association Limited (commonly referred to as Calgary Co-op) is a retail cooperative operating in Calgary, Alberta, Canada.

History

Opened in the 1940s as a food store operated by the United Farmers of Alberta in Calgary and eventually changing hands to the Alberta Co-operative Wholesale Association (ACWA) in 1951, the Calgary Co-operative Association was founded to operate the Calgary food store independently of the ACWA, partially due to member dissatisfaction with how the ACWA managed the venture. The Calgary Co-operative association purchased the Calgary store from ACWA in 1956 for $58,000.

Present Operations

Calgary Co-op is one of the largest retail co-operatives in North America. With over 440,000 members, 3400 employees, assets of $441 million and annual sales over $1 billion, Calgary Co-op, Calgary’s local fresh market is committed to lead in food, petroleum, home health care, pharmacy and travel. Investing over 3 million into the Calgary community, Calgary Co-op supports numerous not-for-profit and charitable organizations within the city.

Calgary

Calgary ⁱ/ˈkælɡᵊri/ is a city in the province of Alberta, Canada. It is situated at the confluence of the Bow River and the Elbow River in the south of the province, in an area of foothills and prairie, about 80 km (50 mi) east of the front ranges of the Canadian Rockies. In the 2011 census, the City of Calgary had a population of 1,096,833 and a metropolitan population of 1,214,839, making it the largest city in Alberta, and the third-largest municipality and fifth-largest census metropolitan area (CMA) in Canada.

The economy of Calgary includes activity in the energy, financial services, film and television, transportation and logistics, technology, manufacturing, aerospace, health and wellness, retail, and tourism sectors. The Calgary CMA is home to the second-highest number of corporate head offices in Canada among the country's 800 largest corporations.

Calgary anchors the south end of what Statistics Canada defines as the "Calgary–Edmonton Corridor".

In 1988, Calgary became the first Canadian city to host the Olympic Winter Games.

Cooperative

A co-operative (also known as co-op, cooperative or coop) is an autonomous association of persons united voluntary to meet their common economic, social, and cultural needs and aspirations through a jointly owned and democratically controlled business. Cooperatives include non-profit community organizations and businesses that are owned and managed by the people who use their services (a consumer cooperative) or by the people who work there (a worker cooperative) or by the people who live there (a housing cooperative), hybrids such as worker cooperatives that are also consumer cooperatives or credit unions, multi-stakeholder cooperatives such as those that bring together civil society and local actors to deliver community needs, and second and third tier cooperatives whose members are other cooperatives.

In short, a co-op can be defined as "a jointly owned enterprise engaging in the production or distribution of goods or the supplying of services, operated by its members for their mutual benefit, typically organized by consumers or farmers." Co-operative businesses are typically more economically resilient than many other forms of enterprise, with twice the number of co-operatives (80%) surviving their first five years compared with other business ownership models (41%). Co-operatives frequently have social goals which they aim to accomplish by investing a proportion of trading profits back into their communities. As an example of this, in 2013, retail co-operatives in the UK invested 6.9% of their pre-tax profits in the communities in which they trade as compared with 2.4% for other rival supermarkets.