
{"id":5989,"date":"2009-05-28T06:59:37","date_gmt":"2009-05-28T14:59:37","guid":{"rendered":"http:\/\/www.carrborocitizen.com\/main\/?p=5989"},"modified":"2009-05-28T06:59:37","modified_gmt":"2009-05-28T14:59:37","slug":"weaver-street-market-to-change-rewards-plan","status":"publish","type":"post","link":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/2009\/05\/28\/weaver-street-market-to-change-rewards-plan\/","title":{"rendered":"Weaver Street Market to change rewards plan"},"content":{"rendered":"<p>Starting June 28, Weaver Street Market will change its co-op rewards from discounts to dividends. Instead of receiving a 5 percent discount on some products at the cash register, consumer-owners will receive a patronage dividend at the end of the year. The senior citizen discounts on Tuesdays and Wednesdays also will be eliminated.<\/p>\n<p>The Weaver Street board of directors will hold two meetings at which the co-op\u00e2\u20ac\u2122s 10,000 consumer owners can discuss the changes. One meeting will be at the Century Center in Carrboro Monday at 7 p.m. and the other at the Big Barn in Hillsborough on June 3 at 7 p.m.<br \/>\n<!--more--><br \/>\nThe co-op is losing $65,000 per month because sales are down 12 percent compared to last year in its Carrboro and Southern Village locations due to the economy and increased competition. Dave Rizzo, chair of the Weaver Street board of directors, said the change to dividends will save Weaver Street Market $60,000 a month.<\/p>\n<p>Over the course of the year, total purchases of each owner are recorded. At the end of the year, a dividend is paid based on how much each owner spent and how well Weaver Street Market performed financially.<\/p>\n<p>In addition to the yearly dividend, Weaver Street Market also will introduce new weekly specials and coupons for co-op members.<\/p>\n<p>Rizzo said the changes should put Weaver Street Market back in the black, and when it does, the co-op members again will see the benefits of their ownership.<\/p>\n<p>\u00e2\u20ac\u0153Consumer owners have been insulated from our financial difficulty, not because they asked to be, but because the way our owner reward system is set up,\u00e2\u20ac\u009d Rizzo said. \u00e2\u20ac\u0153Changing to a patronage dividend allows our consumer owners to help the co-op out of our short-term difficulties and to resume receiving a return once the economy turns around.\u00e2\u20ac\u009d<br \/>\n<em> \u00e2\u20ac\u201d Staff Reports.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starting June 28, Weaver Street Market will change its co-op rewards from discounts to dividends. Instead of receiving a 5 percent discount on some products at the cash register, consumer-owners will receive a patronage dividend at the end of the year. The senior citizen discounts on Tuesdays and Wednesdays also will be eliminated. The Weaver&#8230;<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5989","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/wp-json\/wp\/v2\/posts\/5989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/wp-json\/wp\/v2\/comments?post=5989"}],"version-history":[{"count":1,"href":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/wp-json\/wp\/v2\/posts\/5989\/revisions"}],"predecessor-version":[{"id":5990,"href":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/wp-json\/wp\/v2\/posts\/5989\/revisions\/5990"}],"wp:attachment":[{"href":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/wp-json\/wp\/v2\/media?parent=5989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/wp-json\/wp\/v2\/categories?post=5989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/wp-json\/wp\/v2\/tags?post=5989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}