Welcome to July—the beginning of our new fiscal year.
June marked the end of Fiscal Year 2016, and what a remarkable year we had! We have come back stronger from a rough year; we will be able to report a profit was earned, we are about to open our third retail site, and in this coming fiscal year we will see $50 million in annual sales.
Fiscal Year 2017 will be focused on a few key projects in addition to opening Willy North. Some projects will make your shopping experience at the Co-op even better—for example, a redesign of Willy West’s bulk liquid section for easier shopping and maintenance, and the addition of a hot case merchandiser at Willy East for hot, ready to go entrees. Others projects will take place behind the scenes: upgrading our accounting software to improve financial reporting and budgeting that is scalable to better support our five-site operation, and upgrading our recipe costing software. Throughout the coming year we will report progress on this work. Stay tuned.
Annual Meeting and Party (AMP)
I hope you are as excited as I am for this year’s Annual Meeting and Party (AMP) on Thursday, July 14th. Festivities begin at 4:00pm at Madison’s Central Park, the site of La Fete de Marquette. Tickets run out fast. Get your tickets now!
Annual Board Elections
Board elections are afoot. We have three open seats to fill and five candidates running—the three Owners elected are up to you! Candidate statements are included in this issue of the Reader, which can also be found at the front of each retail. Plus, you have an opportunity to meet the Board candidates throughout the AMP, and hear their statements as part of the business meeting.
You have two ways to vote; paper ballot or online. Online voting is active July 1st until midnight on the 17th. Paper ballots can be cast at the AMP on July 14th, at either retail up until 6:00pm July 19th or at last call during the special membership meeting scheduled for Tuesday, July 19th.
A heartfelt thank you to our outgoing Board members Courtney Berner, Dan Ramos Haaz, and Mike Engel. It has been a pleasure to work for you these last three (and, in Mike’s case six) years. And, I can say with great certainty that we are a better organization because of your dedication and service—thank you.
Things are really shaping up at Willy North—a deep cleaning, a fresh coat of paint, new windows, and new lighting, to name a few items on the list. I think you will be pleasantly surprised with what we have in store for you there.
We are still planning to open this summer, with a grand opening event in September. More details about Willy North are included in this issue of the Reader.
Owner Bond Drive
As of June 21st, we are $644K down, and $856K to go in order to reach our goal of $1.5 million by August 1st, 2016.
Supporting Willy North with a Bond purchase is a great way for Owners to participate in the economics of your Co-op and keep your money within the local economy.
If you are interested in learning more about this bond issue or want to buy a bond to support the opening of Willy North, contact the Co-op right away to schedule an appointment. Visit www.willystreet.coop/owner-bonds for more details. You can also buy a Bond at the AMP!
We have had a setback in rolling out our new and improved online shopping and delivery service, which will not debut in July as planned. We’ll keep you posted about future plans to offer this service as we work to iron out the kinks. Existing users should get an email informing them of updates to the service in the coming few weeks.