How does the Co-op intend to fund its operations?
The Co-op will take a small per cent service fee on each deal it creates for its members. The per cent will be determined by the quality of the deal and authorised by the Board.
All fees stay with the Co-op network . The service fee will be circa 2% and will be transparent to all members.
When do I have to pay my bond?
The cut-off date is March 31 2020 however we ask the leading retailers to pay before the end of November 2019 in order for the Co-op to plan with clarity for 2020.
How much will I pay if I join after March 31 2020?
We cannot be sure what the value of membership will be post this date. If the Co-op performs well, the price per store will be circa $10K post March 31 2019.
Is the Co-op just for IGA retailers?
No. It will be open to all independent grocery supermarket retailers, subject to board approval.
Will there be a clash site policy as this issue has created a division amongst retailers?
It is the intention that the Co-op will have a clash site policy agreed in 2020.
Who has already paid up?
The Co-op Board has paid over $600K.
What can I do to help the Co-op?
- Actively participate in sharing best practice
- Promote the Co-op to other retailers
- Identify direct suppliers
What is Collective Work?
Work by members for the good of the Co-op. This can be sharing best practice, working on sub committees or on deal teams.
Will I be disadvantaged as a regional retailer?
We believe the greatest opportunity will be regional retailers by increasing assortment and lowering delivery costs.
How many people does the Co-op intend to employ?
In Year 1 we intend to employ up to 5 staff.
Where will the offices be located?
In Melbourne, Sydney and Brisbane.
How will we share best practice?
State based best practice sessions will be organised a couple of times a year.