Submitted by Anonymous_Casual t3_10mp94v in providence
Silentjosh37 t1_j676ak2 wrote
Reply to comment by iandavid in Urban Greens Co-Op is asking for $50K on GoFundMe by Anonymous_Casual
What you are saying about Urban Greens is exactly what happened to a majority of those other stores. While they check the boxes you need they don't check enough boxes for enough other people to stay in business. Should it exist simply because it is "local"? Especially if all the reports of years of mismanagement are true? Its what killed most of the other "local" markets that have had the same fate.
A grocery store starting a gofundme is a really telling sign of poor sales and things not being managed correctly. If they wanted to raise $50,000 quickly they could do an inventory clearance sale and make bank, they just don't wanna take the hit and lower costs and would rather have someone else foot that bill. How long you think the gofundme will keep them afloat?
iandavid t1_j6772ge wrote
Well for one thing, it’s a member-owned cooperative, not a traditional corporation, so it’s not the same situation as other chains from the past. Fundraising isn’t out of step for a business that’s more focused on serving the community than turning a profit.
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