The cooperative grew to include a gas station and furniture store.
In 1984, the board of directors sold the grocery store and gas operations to concentrate on its Scan division.
On December 19, 2007, Scan filed for Chapter 11 bankruptcy protection, according to a report in the Baltimore Business Journal.
The retailer cited declining revenue and an inability to borrow money as factors in its filing.
Scan officials stated that the decreased sales were partly due to "the decline in the housing market and the loss of business as a result of other furniture retailers ceasing operation and liquidating inventories at deep discounts.