THE MICHIGAN DbAILY
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_ . .: WESDAY, AUGUST 29;'
Initiation my foot! We're storming :
../ .- ..
These first few weeks in a new environment can be quite challenging
to even the strongest of men. To many of you your whole life will
change . .. the strong may become weak, the weak many become
strong. Only time will tell where and how you fit into this, new spec-
trum of life. But no matter the outcome you're all starting out equal.
And as equals you'll all have the same problems to face. .. meeting
new friends, adjusting to new surroundings, adapting to a new social
Follett's, right in the hub of the campus, can be a great asset to you
as you start -off. After registering and checking into new rooms one
of the first things you'll have to do is supply yourself with textbooks
and school supplies. This does not have to be a hair-raising exper-
ience. Just stop in at Follett's and ask for some help if you feel you
need it. Forlett's carries everything you'll need for this coming year.
We're here to help you and to serve you. Why not take advantage of
us. Listed below are some of the policies that we live by-please read
them. They're there for your benefit.
FOLLETT'S satisfies your used textbook needs .. .
for all courses
You can be sure, no matter what courses you're taking, that FOLLETT'S will have
all the textbooks you'll need.
FOLLETT'S is the complete supply and book store
In addition to supplying all of your new and used book needs, FOLLETT'S also
is equipped to supply you with all of your school supply needs . . . from "T"
shirts to T" squares, from pencils to pennants.
FOLLETT'S can supply books in emergencies
Because of our resources and facilities, FOLLETT'S can supply textbooks quicker
than any other bookstore in town when courses are unexpectedly opened or
FOLLETT'S offers full exchange privileges on
At any time within fourteen days after purchase, FOLLETT'S will give you a full
refund on any book returned because a course has been dropped or changed,
if the book is in its original condition and if you have your receipt.
FOLLETT'S consistently serves the student
FOLLETT'S saves you money on used texts
To help you get the books you need at the lowest possible price, FOLLETT'S buys
used textbooks throughout the country at the end of each semester and redis-
tributes them to schools that will be using them in the following semesters. You
save substantially by buying reconditioned used books from FOLLETT'S.
FOLLETT'S will buy your used textbooks at the end
of the semester
We'll pay cash for your used textbooks-even those that won't be used on this
campus next semester. FOLLETT'S has the facilities and organization to ship
these used texts where they will be needed next semester, and to get to you
the used texts that you will be needing here next semester.
FOLLETT'S has served the U/M campus for 30 years
FOLLETT'S structure requires it to maintain faithful and consistent services. The
FOLLETT'S store on your campus has been here for some time and will be on
your campus to serve future students for years to come.
Many co-ops and student exchanges appear only because of a temporary or
seemingly profitable market, or as the result of student pressure. Because most
of these ventures are not based on the sound economic aspects of experienced
book sellers, these stores or services generally disappear due to their financial
FOLLETT'S works hard to supply you with economical
Each year the Follett Book Company, our parent company, makes a calcu-
lated investment, without guarantee of resale, of over $500,000 in the books it
buys from students and other bookstores. These books are then classified, recon-
d,itioned if necessary, and redistributed to the colleges that need them. As a
result, you, the student and thousands of other students, can be sure that your
FOLLETT College Bookstore will have on hand every semester, every book, that
you might possibly need.
FOLLETT'S contributes directly to students education
In addition to the operating expenses incurred in providing this service for you,
FOLLETT'S takes monies from its profits for educational grants, scholarships, and
for contributions to student activities. At least $25,000.00 a year is spent in
school newspapers and on school radio stations in an effort to serve the
FOLLETT'S makes indirect contributions to
Each FOLLETT'S store that appears on a campus is put there at an initial ex-
pense of from $50,000.00 to $250, 000.00 to satisfy this need. The cost of ade-
quately furnishing bookstore facilities to campuses across the country comes
close to $3,000,000.00. Because of this investment by FOLLETT'S, the colleges
were able to put that money to work in the form of additional educational
In recent years local, state and federal governments have spent billions of
dollars for the improvements of educational facilities, as well as for scholar-
ships, grants, and student loans. Credit for this government assistance to edu-
cation must be shared by every tax-paying business and citizen.
Like any other successful business, our parent firm, the Follett College Book
Company, must make earnings to support these educational tax programs. Our
earnings, however low, indicates that not only are we operating efficiently but
that we are serving you satisfactorily. And, our earnings, in the final analysis,
provides the monies to re-invest in the college market to serve you better and
more economically in the future.
FOLLETT'S saves you money on quality merchandise
Your FOLLETT'S MICHIGAN BOOKSTORE benefits from the parent company by
taking advantage of the centralized, volume-purchasing power program. This
means that you, -the student, are supplied with top quality merchandise at the
fairest price on campus.
FOLLETT'S net profit is lower than the national average of the retail industry
of 2% to 3%. In order for Follett's to exist at this low profit margin we have to
sell large quantities of various merchandise otherthan books, and we have to
offer better service than our competitors. This we do.
FOLLETT'S services don't come out of the
FOLLETT'S stores are not subsidized by your educational tax dollar. Their effi-
ciency of operation is. not misleading based on "free rent," "free personnel,"
or "free maintenance and utilities," as is the case with many proposed college-
owned bookstores. Therefore, we, as well as more than 95% of the college
bookstores, cannot afford to offer student discounts on new books.
Well, these points just about sum up what Follett's is and what
Follett's stands for. We're quite proud of our relationship with the
school, students and faculty. We feel that we have something to
offer; we feel that we're a big part of this school and we're going to
continue being a part. So, why not stop by as soon as you can and
browse around . .. you'll be pleasantly surprised to see what Follett's
has to offer.
( Start your year peaceful-like ... at Folletfs