Both stores and the Creamery were closed entirely from Friday, May 29 through Monday, June 1, as well as the morning of Thursday, May 28. The co-op incurred several significant expenses from these closures. Our estimate of lost sales from this period is approximately $515,000. After accounting for cost of goods, this would equal about $200,000 of lost gross margin. Our payroll costs for shifts scheduled but not worked amounted to $105,000. Our lost inventory, at cost, was approximately $10,500 (much of which we were able to donate to various community organizations). The cost of installing plywood over the windows of our three buildings was $5,500. We have not yet been billed for the cost of removing and re-installing the plywood over the store entrances each day. We also have not yet been billed for the damage caused during the break in and attempted theft of the ATM at Franklin. Once we have received these final bills, total costs of the closure will be close to $350,000.
On Thursday, Nov. 28, Seward Co-op will have shortened hours from 8 a.m.-4 p.m.