Hunger Mountain Coop will not expand in Waterbury

first_imgHunger Mountain Coop in Montpelier has decided that it is not in The Coop’s best interest to accept the offer from Pomerleau Realty to lease the RJ’s Friendly Market space in downtown Waterbury.‘Based on our market study and financial analysis, it was determined that it is not financially viable for The Coop to operate in that particular storefront’, explains Coop General Manager Kari Bradley. ‘Overhead costs were a particular challenge, as was its large retail area.’At this time, The Coop is not actively exploring this or any additional locations. However, planning for future operating and facility needs is part of The Coop’s current multi-year Cooperative Plan. According to Coop Council President Lydia Busler-Blais, ‘The Coop will consider expansion opportunities in the future if projected Member-Owner and sales growth exceed the capabilities of our current store, and Waterbury will certainly be part of that exploration. We are grateful for the valuable feedback we have received from all of our Member-Owners and surrounding community during this process.’Source: Hunger Mountain. 9.13.2010. Hunger Mountain Coop, located in Montpelier, Vermont is a community-owned natural market & café committed to building a dynamic community of healthy individuals, sustainable local food systems and thriving cooperative commerce. The Coop celebrated its 38th anniversary in 2010. is external)last_img

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