WASHINGTON -- Cooperative wholesalers managed to increase net income, reduce costs and use assets more efficiently in 1994 -- despite essentially flat sales, according to a new study of the category. The study, developed by the National Cooperative Bank here, examined financial data from 29 retailer-owned grocery wholesalers with sales of more than $50 million. NCB found that the 29 cooperatives had combined volume of $22.1 billion in fiscal 1994, only a 0.5% increase over total sales of ...
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