University Daily Kansan, October 24, 1980
Page 5
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From page 1
Bookstore
bookstores. The Western schools are generally younger, and more susceptible to change."
Until 1941, the Arizona bookstore was state-owned, poorly managed and losing money, according to Hans Laetz, staff member of the Arizona Daily Wildcat, the student newspaper.
"At that point, the state agreed to sell the bookstore to ASUA for $1." Laetz said.
"Technically, ASUA is a subdivision of the university, which of course is a subdivision of the state board of regents," Laetz said. "The bookstore profits go into the university accounting system. The students don't have total power of the purse."
"However, our Student Senate receives a slice of the bookstore profits, and a new addition being built onto the bookstore will contain some massive new ASU Offices," Leetz said.
Martin said, "We keep our textbook prices as low as possible. We're lucky if we break even on them. Textbook selling is not a lucrative business."
Like Oregon's, Arizona's bookstore makes most of its money on university-related souvenirs and items, Martin said.
"We don't get any money from the state or the students. In fact, we give money to them," he said. "The amount varies from year to year, but the formula we use, but last year it was $33,000."
AS A CONSEQUENCE, the store does not offer rebates, and offers 10 percent discounts to faculty and staff members only.
At least one Big Eight institution, the University of Oklahoma, runs a book cooperative. The University of Oklahoma Student Association operates the co-op, which runs during the peak bookselling periods at the beginning and end of each semester.
Brian Hayes, Oklahoma director of student activities, outlined the basis of the operation.
"Right now we're about where we expected to be with this. People are still finding out about us."
"We sell books for roughly 15 percent less than our bookstore, and offer 10 percent more on buyback," Hayes said. "Any profits that we make go into a book fund to buy more books."
The co-op began three years ago with about $10,000 in initial grant money from the Oklahoma Student Senate.
"We've been virtually self-supporting since that original grant," Hayes said.
THE CO-OP WAS set up to provide competition for the university book exchange. The Oklahoma exchange is state-owned and operated and is a member of the Professional Assistant bookstore manager Charles Hickman.
One of the major problems of the co-op is determining which, and how many, of each book to buy back.
"Sometimes we're stuck with books that we can't sell for one reason or another," Hayes said.
However, Hayes said, it is sometimes possible to sell surplus books to professional book-buyers. The co-op has been able to do this on a few occasions.
Hayes thinks that the co-op offers "about 90-95 percent" of the books required for freshman/sophomore level courses, with selection for division classes being considerably smaller.
"The number of people we can handle and the number of books we stock is limited. However, we do save the students a lot of money. We offer them the original purchase and buy-back," Hayes said.
Steve Word, manager of the Kansas Union bookstore, said that he "wouldn't mind" competing with a student book co-op, even if it were in the same building as the bookstore itself.
"I am a wholehearted supporter of competition," he said. "Without competition, a business tends to go stale. With competition, it's more efficient and effective."
Kansas' bookstore is not state-owned and receives no state money, according to Word. It is controlled by the Kansas Union Memorial Corporation, which oversees not only the bookstore but the entire Union and its operations.
"It wouldn't be fair to offer a flat discount on textbooks," Word said. "Say an instructor orders a book from East Germany. By the time we've paid customs, freight, and other charges, plus the cost of the book, we're going to lose money on that book anyway."
TO DISCOUNT the book further, Word thinks,
to turn it to further substitute it
at the expense of other books.
"One way we try to save money." Word said,
"is through our buack-buch program."
"We are able to resell used books for a good price to the students. The students get roughly half of the price back on resale that they originally paid, and we make a better profit on reselling used books. It's a good deal all around."
He said that customers must pay Kansas state tax, and that he would welcome it if the company did so. "I'll just accept it," he said.
"It's understandable that students get upset about high bookstore prices," Word continued. "But we're not trying to gouge them by any means. We don't make much money on textbooks."
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