The conversation between human and AI assistant.
What is a retailers’ cooperative?
Yes please. How do retailers’ cooperatives differ from traditional retail businesses?
Retailers’ cooperatives differ from traditional retail businesses in that they are owned and controlled by their members, whereas traditional retail businesses are typically owned by individuals or corporations. The members of a retailers’ cooperative contribute equity and share in the profits, which allows for more collaboration and a greater sense of community among the members. Additionally, the members of a retailers’ cooperative have more say in the decision-making process and can work together to negotiate better buying and pricing arrangements with suppliers.