Basics has only been a cooperative since January 1, 2005. This is a relatively unusual path towards becoming a cooperative – from their website, it appears that this was a privately held business for many years as a natural foods grocery which decided to become a co-op. The business was named the 2005 Retailer of the Year by WholeFoods Magazine.
The one-time investment cost for Basics is $150. This fee can be paid all at once or over several years, with a minimum payment of $30/year. A single ownership share may constitute up to two adults and an unlimited number of children.
Benefits include a 5% discount every day, owner-only sales and discounts, and free or discounted admission to Co-op seminars and lectures.