This is a monumental day for independent campus stores.
Independent campus stores face many hurdles to get basic supplies, spirit items, and other general merchandise on the shelf at competitive prices. Right now the supply-chain deck is stacked against the independent store, particularly small and medium stores that have less bargaining power because of the smaller size of their orders.
Too many college students can’t afford the cost of textbooks on top of tuition, fees, and living expenses. Independent campus bookstores are working hard to resolve this dilemma—through rentals, more used copies, various digital options, and helping faculty source open materials, among others—however, there’s one more significant step colleges and universities could take.
What institutions could do is work toward decreasing or even eliminating their margins on the retail sale or rental prices charged to student customers in the campus store.
What’s the difference between indiCo’s full service for campus bookstores and what contract management companies do?
I’ve gotten that question a lot since we launched indiCo’s new services at the 2017 Campus Market Expo (aka CAMEX). I see at least seven very important distinctions between the two, all boiling down to the value of independent store operation to higher-ed institutions.