- -- THE MICNICAN DAILY
TUESDAY, -AUGUST $0,1
------ THE MICHIGAN DAILY TUESDAY, AUGUST 30. 1966
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 may become strong. Only time will
tell where and how you fit into this new spectrum 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 experience. Just stop in
at Follett's and ask for some help if you feel you need it. Follett'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 poli-
cies 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 anv timA within fnurteen davs aftAr nurchase. Follett's will give you a full refund
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 29 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 College 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-
ditioned 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
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
FOLLETT'S makes indirect contributions to
Each FOLLETT'S store that appears on a campus is put there at an initial expense
of from $50,000.00 to $250,000.00 to satisfy this need. The cost of adequately
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 scholarships,
grants, and student loans. Credit for this government assistance to education
must be shared by every tax-paying business and citizen.
Like any other successful business, our parent firm, the Follett College [ ok
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, pro-
vides 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 other than 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 relationships 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 sur-
prised to see what Follett's has to offer.
Start your year peacef
al-like ... at Follett's