The Park Slope Food Co-op (PSFC) earned $39.4 million in its last fiscal year, reports Fortune, which translates into a per-square-foot average of over $6,500. By comparison Trader Joe's leads its competitors with an average of per-square-foot earning of $1,750, while one estimate has Whole Foods's doing less than $850 per-square-foot. The Fortue story examines how PSFC does it.
The rise of the grocery co-op
FORTUNE -- It turns out that one of the most successful grocers around by some measures isn't really in it for the money.
The Park Slope Food Coop (PSFC), the largest consumer-owned single-store coop by sales in the U.S., had $39.4 million in sales during its last fiscal year, raking in more than $6,500 per square foot annually. "Anyone would salivate at that," says Ann Herpel, a general coordinator at PSFC. In our recent story on Trader Joe's we noted that the successful Monrovia, Calif.-based chain outdoes it competition with an average of $1,750 in sales per square foot, more than double those of Whole Foods...
To read the rest of the story go to http://money.cnn.com/2010/09/16/news/companies/grocery_coop_Brooklyn.fortune/