Company type | Cooperative |
---|---|
Industry | Petroleum Groceries |
Headquarters | Winnipeg, Manitoba |
Revenue | $539.7 million CAD (2013) [1] |
$61.5 million CAD (2013) [1] | |
Total assets | $161 million CAD (2010) [2] |
Website | www.redriverco-op.crs |
Red River Cooperative Limited, branded as Red River Co-op, is a retail cooperative. A member of Federated Co-operatives, it operates in Winnipeg, Manitoba, Canada. [3]
As of 2022 it operates nine Red River Co-op supermarkets, including five in Winnipeg and one each in Gimli, Stonewall, Lorette, and Selkirk. [4] It also operates gas bars and convenience stores throughout the Winnipeg Capital Region and surrounding areas, as well as Northwestern Ontario.
In 1948 Red River Co-op opened their first food stores in Winnipeg. [5]
In 1983 due to poor financial performance they ceased food store operations focusing on their gas bar operations. [5]
In 2014, when Sobeys acquired Safeway they were forced to sell 23 locations by the federal Competition Bureau. Federated Co-operatives acquired 4 locations in Winnipeg and transferred ownership to Red River Co-op. This marked the resumption of food store operations. [5]
Sobeys Inc. is a national supermarket chain in Canada with over 1,500 stores operating under a variety of banners. Headquartered in Stellarton, Nova Scotia, it operates stores in all ten provinces and accumulated sales of more than C$25.1 billion in the fiscal 2019 operating year. It is a wholly owned subsidiary of Empire Company Limited, a Canadian business conglomerate.
Safeway, Inc. is an American supermarket chain. The chain provides grocery items, food and general merchandise and a variety of specialty departments, such as bakery, delicatessen, floral and pharmacy, as well as Starbucks coffee shops and fuel centers. It is a subsidiary of Albertsons after being acquired by private equity investors led by Cerberus Capital Management in January 2015. Safeway's primary base of operations is in the Western United States, with some stores located in the Mid-Atlantic region of the Eastern Seaboard. The subsidiary is headquartered in Pleasanton, California.
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A consumers' co-operative is an enterprise owned by consumers and managed democratically and that aims at fulfilling the needs and aspirations of its members. Such co-operatives operate within the market system, independently of the state, as a form of mutual aid, oriented toward service rather than pecuniary profit. Many cooperatives, however, do have a degree of profit orientation. Just like other corporations, some cooperatives issue dividends to owners based on a share of total net profit or earnings ; or based on a percentage of the total amount of purchases made by the owner. Regardless of whether they issue a dividend or not, most consumers’ cooperatives will offer owners discounts and preferential access to goods and services.
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Coop or Co-op most often refer to:
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Saskatoon Co-operative Association Limited is a retail cooperative. A member of Federated Co-operatives, it is headquartered in Saskatoon and has operations in the city and surrounding municipalities
Federated Co-operatives Limited (FCL), operating as Co-op, is a co-operative federation providing procurement and distribution to member co-operatives in Western Canada. It was established in 1944 after a series of amalgamations of smaller cooperatives, starting in Saskatchewan, including the Saskatchewan Co-operative Wholesale Society and a fuel production and distribution co-op, the Consumers’ Co-operative Refinery Limited. Federated had expanded to Manitoba, Alberta, and British Columbia by 1970. Federated Co-operatives is owned by about 160 member co-operatives across the region. Some are large co-operatives, such as Saskatoon Co-op, while others are small co-ops based in small towns, such as Abernethy Co-op.
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Safeway is a Canadian supermarket chain of 135 full service supermarket stores mostly operating in the western provinces in Canada. It was established in 1929 as a subsidiary of the American Safeway Inc., before being sold in 2013 to Canada's second-largest supermarket chain, Sobeys, a division of the conglomerate Empire Company. Independent since 2013 from the American company it continues to use the same Safeway name and logo as of May 2023.