Red River Co-op explained

Red River Cooperative Limited
Type:Cooperative
Location:Winnipeg, Manitoba
Industry:Petroleum
Groceries
Revenue:$539.7 million CAD (2013)[1]
Net Income:$61.5 million CAD (2013)
Assets:$161 million CAD (2010)[2]
Homepage: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]

Operations

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.

History

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]

See also

External links

Notes and References

  1. News: Red River Co-op pays out $49.7M . . February 8, 2013 . 2015-01-08.
  2. Web site: 2010 Top 50 Non-Financial Co-operatives in Canada . . 2015-01-08.
  3. Web site: Annual General Meeting Minutes. 20 February 2020. Red River Co-op. 23 April 2020.
  4. https://www.redriverco-op.crs/sites/redriver/local/detail/food-stores Food stores.
  5. Web site: 2014-02-14 . Four Winnipeg Safeway stores sold to Red River Co-op . 2024-07-06.