Peninsula Co-op Milestones/History
1977
· Opened doors as a warehouse Co-op
1980
· Changed from warehouse to conventional Co-op
· Opened a one lane two pump gas bar at the Co-op/Keating X Road location
1981
· New focus on marketing and value added program
· Our first newsletter, the Peninsula Co-op Commentator
1982
· Upgraded Keating Gas Centre
1983
· Implemented bonus dollar program in Food Store
1984
· First year we had a positive bottom line
1986
· Obtained supply for Save-On Gas site
· Introduced a fresh baked department
1988
· Made initial purchase of Save-On Gas
· Made our first cash payment to our members
· Added 3,000 square feet to our existing Co-op
store for non-foods/hardware
· Added Lawn and Garden area
· Sales exceeded $10M
1990
· Made second purchase with Save-On Gas – Retail Commercial
Cardlock and Car Wash on Keating X Road and Oldfield Road
1991
· Made third purchase of Save-On Gas – Wilkinson Road site
· Earnings of $1M
1992
· Exceeded $20M in sales
· Changed membership cost from $100 to $25
1993
· Started Home Heating Fuel division
1994
· Added Deep Cove and Nanaimo sites to Save-On Gas
· Purchased Brentwood Co-op location
· Purchased 6.8 acre at Keating/West Saanich area
1995
· Changed Brentwood Automotive site from Shell to Co-op
· Exceeded $30M in sales
· Added Duncan site to Save-On Gas
· Earnings of $2M
1997
· Major renovation to our food store
· Added Sidney to Save-On Gas
· Major renovation to Deep Cove Save-On Gas
1998
· Expanded store warehouse and added office for Administration staff
· Brought Save-On Gas and Co-op together
1999
· New Co-op Gas Bar site in Langford
· Keating Gas Centre major renovation
· Cardlock access in Sidney
2000
· Exceed $50M in sales
· Earnings of $3M
2001
· Sales exceeded $63M
· Earnings of $3.6M
2002
· New Co-op Gas Centre and Convenience Store on Millstream Road
· Brentwood Bay Gas Centre major renovation to include Touchless Car Wash and new convenience Store
· Royal Oak renovation and name change from Save- On Gas to Co-op
· Earnings of $4M
2003
· Purchased Duncan Canada Avenue property
2004
· Sale of Nanaimo Save-On Gas to Mid-Island Co-op
· Duncan renovation and name change from Save-On Gas to Co-op to include Touchless Car Wash and new convenience store
· Cardlock renovation and name change from Save-On Gas to Co-op
· Earnings of $4.7M
2005
· Pay Bay renovation and name change from Save-On Gas to Co-op to include Touchless Car Wash and new convenience store
· Wilkinson Road renovation and name change from Save-On Gas to Co-op
· Sales exceed $90M
· Earnings of $5M
2006
· Gorge Road renovation and name change from Save-On Gas to Co-op
· Sidney renovation and name change from Save-On Gas to Co-op
· Acceptance of Co-op member numbers at all Save-On Gas sites
2007
· Deep Cove renovation and name change from Save-On Gas to Co-op
· Purchased Mill Bay property
· Sales exceed $100M
· Earnings of $8M
2008
· Sales exceed $115M
· Added Duncan Save-On Gas and Trunk Road
· 5% rebate for 20 consecutive years
· Pay out of all Preferred shares to 70 plus years
· Earnings of $10M
2009
· Sales exceed $137M
· Continued growth – petroleum +7% and food +6%
· #1 petroleum market share in Victoria and Duncan
· Earnings of $12M
2010
· Sales decrease to $135M
· Strong member growth, +40,000
· Mill Bay opening in September 2009
· Earnings of $8M
2011
· Sales increase to $153M
· Continued strong petroleum sales
· Strong membership growth +50,000
· Mill Bay – very successful
· Acquired Triangle and Cowichan locations
· Upgrade Cowichan to Co-op brand
· Earnings of $8.6M
2012
· Sales forecasted to be $170M
· Continued strong petroleum sales
· Strong membership growth to +56,000
· Board election process evolves to mail-in process
· Wale Road Gas and Convenience Centre opens in November