Co-op claims 27 spots on Sask. Top 100 list
September 6, 2019
Co-op’s impact on Saskatchewan’s economy grew this year, providing increased investments that support the province’s growth.
Twenty-six local co-ops are included SaskBusiness Magazine’s 2019 ranking of the Top 100 companies in Saskatchewan, up from 21 co-ops in 2018. These local co-ops are joined on the list by Saskatoon-based Federated Co-operatives Limited (FCL), which placed second in the rankings.
The sales of FCL and local co-ops reached a combined total of almost $13.7 billion in 2018. This includes almost $10.7 billion in revenue from FCL, with a record of nearly $1.1 billion in net earnings.
“This achievement demonstrates the value that local co-ops continue to provide for communities across Saskatchewan,” said FCL CEO Scott Banda.
“The growing number of local co-ops on this list shows us that the co-operative model is not only relevant to consumers today, but that the Co-operative Retailing System remains a powerful economic driver in this province and across Western Canada. Our shared successes are a direct result of working together to benefit our local communities.”
Economic impact in Saskatchewan
Today, there are more than 90 local Co-ops in Saskatchewan operating hundreds of food stores, home centres, gas bars, commercial cardlock facilities, agro centres and liquor outlets. This network is supported by the wholesale, manufacturing, marketing and administrative operations of FCL, which includes the Co-op Refinery Complex in Regina.
Together, FCL and these retail co-ops employ close to 10,000 people in Saskatchewan.
Co-ops in the SaskBusiness Top 100