CreekSide Food Co-op, our member-owned neighborhood treasure in the heart of Cheltenham is struggling and we need your help. The dog days of summer are upon us and we have been wrestling with the implications. Sales have dropped by as much as 20% over the course of June and July. As we discussed at the member meeting in May, the Co-op is operating with a minimal cash cushion and the summer sales slump of the past two months, steeper than in the two years past, has had a significant impact. We debated the wisdom of writing this letter to our loyal community but despite our worries about sounding the alarm, the Co-op critically needs your help.
All of our efforts in the near term will be focused on helping our General Manager, Duncan guide the store through this tough time. Inventory is being closely managed although this means that at times we may be out of something you need. Other adjustments are being made to ensure the Co-op is operating as efficiently as possible at all times. Each of us on the board will be donating time in August to be in the store, helping you have a great shopping experience. Duncan has already implemented many elements of our “30-60-90 day plan” developed in May and we are working on a variety of new ways to improve the store and encourage more traffic and greater sales. The board’s efforts are important but alone will be insufficient.
The Co-op needs your help now! Here are five things we need you to do:
For the mid-term, we are delighted to say that after a lot of hard work, the Co-op closed on the Montgomery County grant of $151,500 that will go towards repairing the store floor, buying critically needed refrigeration units, updating the POS system for chip card transactions, and paying off a large portion of the debt to Uplift Solutions for their help last summer and fall in running the store. These are all important things to accomplish and we will, but today, we need your help with any and all of the five key steps outlined above.
Your comments or questions are always welcome at firstname.lastname@example.org.
The CreekSide Co-op Board
Ben Adams (President), Jeff Cohen (Vice President), Don Kates (Treasurer), Lisa Payne-Chirico (Secretary), Ken Brown, Joel Edelstein, Rebecca Meyer, Robin Rifkin, Hillary Seith, Burt Siegel and Marty Tuzman