THE MICHIGAN DbAILY I5Q f ATX. ........ 0 _ . .: WESDAY, AUGUST 29;' 1967 Initiation my foot! We're storming : 4 I I I 4 +... r i 1 . f---J ~-.._. ,""'' -J ,/ ../ .- .. .,/c 1 44 L TT'S E SI S UD TS' ucj 10 L cos S 0 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 structure. 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 over-enrolled. FOLLETT'S offers full exchange privileges on books purchased 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 difficulties. FOLLETT'S works hard to supply you with economical used textbooks 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 student better. FOLLETT'S makes indirect contributions to your 'education 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 facilities. 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 taxpayer's pocket 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