Patronage Dividends? Membership will decide in November

Friday, 21 September 2012 14:07

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Patronage Dividend Info Sheet 

As GreenStar member-owners we will soon vote yes or no on a proposal to change our financial relationship with the Co-op.

This proposal would introduce a patronage dividend system to replace the 2% discount that every member receives at the register. The aim of the proposal is to help the co-op increase equity to support expansion projects.

Read more...

Want to know more?  Read the Proposal

Patronage Dividend PRO Statement

Patronage Dividend – Preparing GreenStar for a Strong
and Exciting Future 

By Alexis Alexander, 
Membership Manager

What an exciting time for GreenStar! We're an extremely successful natural foods cooperative with an outstanding reputation in our local community and beyond. Our success is directly attributable to all of us, the dedicated member-owners supporting GreenStar through our capital contributions, patronage and commitment.

Read more...

Patronage Dividend CON Statement 

Why I Don't Support
the Patronage
Dividend Proposal 

By Dan Hoffman, 
Council Member

NOTE: This article does not necessarily reflect the opinions of other members of the Council.

Four years ago, GreenStar's Council asked members to approve Bylaws amendments that would have replaced the 2% discount all members receive at the register with a "patronage dividend" system. The proposal didn't receive the required two-thirds approval, so it failed. I opposed this proposal in 2008, and remain unconvinced that it's the right approach for GreenStar, now.

Read more...


 

Financial Background of
Patronage Dividends
 

By Joe Marraffino, Finance Manager 

If the cooperative is healthy and growing, why does it need more equity? 

GreenStar has experienced significant growth in the past several years. We measure that growth in several ways, but one telling way is sales per square foot. Essentially this is the speed at which we have to restock the shelves (from a worker's perspective), or the number of people elbowing in to reach adjacent jars simultaneously (from a shopper's perspective).

Read more...

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Meet the Managers

Tuesday, 03 July 2012 14:35

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Anngel Delaney, Grocery Manager

How long have you been in this position?

Two and a half months.

What does your job entail?

Wrangling all of the refrigerated, frozen, and dry grocery products in the store.

What did you do prior to your present job?

I was a manager at the 
(in)famous Park Slope Food Co-op in Brooklyn.

What attracted you to this particular job?

My partner and I wanted to move out of the city to more verdant surroundings and GreenStar is a great co-op with a long history of providing good food to Ithacans.

Read more: Meet the Managers

Member-Owners Share Feedback over Dinner with GM

Sunday, 03 June 2012 00:27

By Brandon Kane, 

General Manager

brandon kaneOn March 29, GreenStar's Membership Manager, Alexis Alexander, and I enjoyed dining with nine members of the Co-op. These member-owners were randomly invited to engage in an open-ended conversation with us regarding all things GreenStar, while enjoying a delicious dinner prepared by our Deli. I found this interaction tremendously valuable and plan on holding more of these "Dinners with the GM" on a regular basis. Not only was it an opportunity for members to give direct feedback on the Co-op from their particular perspectives, but it was a chance to really engage members of the community on a level that our schedules do not often allow.

Below is a list of the topics explored that evening — some are big, some small, but all provided valuable input on how GreenStar can best meet the needs of its member-owners:

  • There is a pressing need for an additional customer bathroom at the West-End store.
  • Perhaps there can be a small baby changing room as well.
  • It was recognized that the West-End is very busy and there is little space to meet the demand of its customers.
  • Weight scales in the West-End bulk section are difficult to deal with because of the compressed retail space.

    Read more: Member-Owners Share Feedback over Dinner with GM

 

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