There is a cheaper alternative to supermarkets, but most people don't know it exists [It's shopping cooperatives]
There is a cheaper alternative to supermarkets, but most people don't know it exists [It's shopping cooperatives]
Families and neighbours shopping through informal co-ops are saving hundreds, but the business model could help apply major competitive pressure to the major supermarkets.
In short: Families are making significant savings on their grocery bills by forming small shopping co-ops.
Cooperative business structures account for less than 1 per cent of the supermarket sector in Australia.
What's next? The peak body for co-ops is calling for more government support for the business model.
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The coops in my American city are usually the more expensive option than the chain grocery stores. They pay their staff fairly (because the staff own part of the business) which is great, but saving money for the consumer they do not.
I just don’t think a coop can be cheaper than a larger corporate entity that can purchase at huge bulk discounts for their many stores. Healthier? Sure. More ethical? Sure. Similar costs or cheaper? Nah.