FCL ranked first in SaskBusiness’ Top 100 largest companies in Saskatchewan for the fourth consecutive year

Saskatoon, SK, 2016-Sep-15 — /EPR Retail News/ — For the fourth year in a row, Federated Co-operatives Limited (FCL) has placed first in SaskBusiness Magazine’s list of the Top 100 largest companies in Saskatchewan.

In 2015, FCL recorded revenue of $9.1 billion with net earnings of $539 million. Of that, $375 million was returned to the 200 local retail co-ops across Western Canada that are member-owners of FCL.

“While we have been impacted by the economic challenges in Western Canada, particularly in the energy sector, we have diverse businesses in a wide geographical area and that has helped us stay competitive. Co-op members are resilient and loyal and that stability allows us to bring a long-term approach to planning and creating sustainable growth,” said FCL CEO Scott Banda.

“Through these conditions, local retail co-ops in Saskatchewan and across Western Canada continue to serve communities big and small, while making new investments that strengthen our provinces.”

FCL is joined on this year’s Top 100 list by 19 retail co-operatives in Saskatchewan. Together, the retail co-ops included in the SaskBusiness list recorded combined sales of nearly $2.3 billion in 2015. A full list of these retail co-ops is shared below.

Economic impact

The number of co-ops on the Top 100 list highlights the substantial impact that the Co-operative Retailing System (CRS) — comprised of local retail co-ops and FCL — has in Saskatchewan. Retail co-ops have returned almost $355 million to their members in Saskatchewan over the last five years, which is reinvested by these members in their communities. A total of $1.3 billion was returned by western Canadian co-ops to their members over the past five years.

Investments in Saskatchewan

FCL, on behalf of retail co-ops, has also made major investments in Saskatchewan and Western Canada over the last year, including:

  • Wastewater Improvement Project (WIP) — The Co-op Refinery Complex (CRC), a subsidiary of FCL, commissioned a $200-million environmental mega-project that allows it to clean and recycle all of its wastewater.
  • New fertilizer terminals — FCL invested $75 million to construct two new high-throughput fertilizer terminals in Western Canada, including one in Hanley, Sask., and another in Brandon, Man. Both facilities are expected to be fully operational in early 2017.
  • Co-operatives First — FCL committed $5 million over five years to support Co-operatives First, a new non-profit organization that is helping to inspire the next wave of co-operative development in rural and First Nation communities.
  • Co-op Community Spaces — A total of $1.5 million from the Co-op Community Spaces program was invested in 21 recreation, conservation and urban agriculture projects in Western Canada.

Across the West, FCL and retail co-ops have reinvested $4.7 billion in their communities through capital investments since 2011.

Co-ops in the Top 100

Ranking Wholesale/Retail Co-operative Location
1 Federated Co-operatives Limited Saskatoon
19 Saskatoon Co-operative Retailing
Association Ltd.
Saskatoon
29 Pioneer Co-operative Association Ltd. Swift Current
31 Prince Albert Co-operative Association Ltd. Prince Albert
35 Sherwood Co-operative Association Ltd. Regina
48 Lloydminster and District Co-operative Association Ltd. Lloydminster
55 Discovery Co-operative Association Ltd. North Battleford
65 Yorkton Co-operative Association Ltd. Yorkton
72 Moose Jaw Co-operative Association Ltd. Moose Jaw
74 Prairie Co-operative Association Ltd. Melville
76 Prairie Sky Co-operative Association Ltd. Weyburn
79 Meadow Lake Co-operative Association Ltd. Meadow Lake
81 Pineland Co-operative Association Ltd. Nipawin
83 Prairie North Co-operative Association Ltd. Melfort
88 Southern Plains Co-operative Association Ltd. Estevan
89 Delta Co-operative Association Ltd. Unity
90 Central Plains Co-operative Association Ltd. Rosetown
92 Kindersley and District Co-operative
Association Ltd.
Kindersley
98 Borderland Co-operative Association Ltd. Moosomin
99 Southland Co-operative Association Ltd. Assiniboia

Contact:
PHONE: 306.244.3311
FAX: 306.244.3403
GENERAL INQUIRIES: inquiries@fcl.ca
GENERAL CAREER INQUIRIES: careers@fcl.ca

Source: Coop

Save-On-Foods store in Saskatchewan marks grand opening with special Regina gala on March 31

Regina, Saskatchewan, 2016-Mar-30 — /EPR Retail News/ — The first Save-On-Foods store in Saskatchewan is celebrating its grand opening this weekend with a special invite-only gala on Thursday, March 31.

Joining Save-On-Foods president Darrell Jones in making remarks at the gala are special guests Jim Pattison, owner of Save-On-Foods; Regina city councillor Bob Hawkins; and Regina Food Bank CEO Steve Compton.

Admission to this private event is by donation to the Regina Food Bank.

Special presentations and entertainment by Saskatchewan’s own Cody Prevost will also play an exclusive concert during the event.

The store officially opens its doors to the public on Friday, April 1, and will hold grand opening promotions and events starting April 2.

To attend the Gala with a guest or to arrange for an in-store photo opportunity or one-on-one interview in the afternoon on March 31 or morning of April 1, please contact Julie Dickson at (604) 992-2538 or julie_dickson@owfg.com.

What: Save-On-Foods Regina South grand opening sneak preview gala

When: Thursday, March 31, 2016, 6 p.m.

Who: Save-On-Foods president Darrell Jones, Save-On-Foods owner Jim Pattison, Regina Food Bank CEO Steve Compton, City Councillor Bob Hawkins

Where: Save-On-Foods, 4520 Albert Street South, Regina, Saskatchewan

Source: Save-On-Foods

Co-op donation supports the people left homeless after a fire destroyed a South Regina apartment complex

Alberta, Canada, 2015-2-4 — /EPR Retail News/ — Co-op is donating $10,000 to the Canadian Red Cross in support of 30 people left homeless after a fire destroyed a South Regina apartment complex in early January.

Sherwood Co-op is donating $5,000 to the Red Cross, which is helping provide food, clothing and shelter to those affected by the fire.

“Sherwood Co-op is pleased to assist the families that recently lost their homes and belongings in the South Regina apartment fire,” said Troy Verboom, Sherwood Co-op General Manager.

The local donation is being matched by Federated Co-operatives Limited (FCL), on behalf of the Co-operative Retailing System (CRS), as part of a $1 million commitment to the Red Cross over five years for local emergency response efforts in Western Canada.

The Red Cross will receive $100,000 per year to pre-position goods across the West in order to respond quickly to local crises. Another $100,000 per year will be available to match emergency donations to the Red Cross by local co-ops.

This funding has previously aided in flood relief efforts in eastern Saskatchewan and western Manitoba in 2014 and southern Alberta in 2013.

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Sherwood Co-op General Manager Troy Verboom (right) presents Sherwood Co-op's $5,000 donation to Tim Johnson of the Canadian Red Cross. The $5,000 will be matched by FCL, on behalf of the CRS, as part of a $1 million commitment.

Sherwood Co-op General Manager Troy Verboom (right) presents Sherwood Co-op’s $5,000 donation to Tim Johnson of the Canadian Red Cross. The $5,000 will be matched by FCL, on behalf of the CRS, as part of a $1 million commitment.