Saskatchewan, Canada, 2014-9-9 — /EPR Retail News/ — Federated Co-operatives Limited (FCL) retains the title of largest Saskatchewan company in SaskBusiness Magazine’s 2014 ranking of the province’s top 100 businesses, published in the September edition.
In 2013, FCL achieved record sales of $9.4 billion, an increase of 7.4 per cent from the previous year, due to growth in all its strategic business sectors: energy, food, home and building supplies, crop supplies and feed. Net earnings from operations were $879 million, with $574 million being returned to local retail co-ops as a patronage allocation.
“We had a great year and continue to grow our business across Western Canada,” said FCL CEO Scott Banda. “This success is not ours alone. It is the product of a system of co-operation, working together and sharing profits with our members, who in turn are stalwart organizations in their respective communities.”
FCL is a Saskatoon-based company, owned by 225 retail co-op members across Western Canada. FCL has more than 3,000 employees at its operations in Alberta, Saskatchewan and Manitoba. FCL has two wholly-owned subsidiaries – the Co-op Refinery Complex in Regina, Sask., and The Grocery People in Edmonton, Alta.
SaskBusiness has included retail co-ops in this year’s rankings, with 15 making the Top 100 list. Put another way, one in every seven businesses on the Top 100 list this year was a retail Co-op. The 15 co-ops added to the list employ 4,700 people and had over $1.9 billion in sales during 2013.
|1||Federated Co-operatives Limited||Saskatoon|
|23||Saskatoon Co-operative Association||Saskatoon|
|35||Pioneer Co-operative Association||Swift Current|
|41||Sherwood Co-operative Association||Regina|
|44||Prince Albert Co-operative Association||Prince Albert|
|49||Lloydminster & District Co-operative Association||Lloydminster|
|78||Moose Jaw Co-operative Association||Moose Jaw|
|79||Battlefords & District Co-operative Association||North Battleford|
|80||Weyburn Co-operative Association||Weyburn|
|83||Southern Plains Co-operative Association||Estevan|
|84||Prairie North Co-operative Association||Melfort|
|86||Pineland Co-operative Association||Nipawin|
|92||Kindersley & District Co-operative Association||Kindersley|
|93||Delta Co-operative Association||Unity|
|94||Meadow Lake Co-operative Association||Meadow Lake|
Together FCL and retail co-ops form the Co-operative Retailing System, which helps build, feed and fuel individuals and communities in Western Canada.
“Co-op has a rich history spanning over 100 years in Saskatchewan,” said Banda. “We continue to grow and invest in our communities, creating jobs and supporting causes that matter here at home.”
In June, the Financial Post Magazine published its rankings of the 500 largest corporation in Canada in June where FCL held 45th place, up three spots from last year’s ranking.