Word: coops
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Dates: during 1990-1999
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Kudos on yet another piece of irresponsible journalism in regards to the Coop, this time in the form of Molly Hennessy-Fiske's "Crashing the Coop" (Feb. 1, 1997). As was evinced by my brief conversation with the author as she was researching the story, as well as observing her interactions with other interviewees, Miss Hennessy-Fiske's intentions were not to provide a fair account of bookselling at the Coop, but rather to push an agenda. I, in turn, would like to push mine...
Having sat on the Board of Directors of the Coop for over a year-and-a-half, I have seen up close the difficulties of running an academic bookstore, one of the largest of which is student perception...
While prices on certain books are indeed high, the mind-set of many students is that the Coop deliberately inflates them to make profits. This is incorrect in two ways. First, we sell all books at list price (see Books In Print, the industry bible, to confirm this...
Textbooks is not a money-making division for the Coop, an important fact that the author neglected to include in her diatribe. Secondly, there are no profits, per se, at the Coop. All profits derived from member sales (i.e. when you give your Coop number at the cash register) are returned to members in the form of a rebate at the end of each fiscal year. Unfortunately, the Coop has not returned a profit in recent years, only adding to student skepticism about the store...
...ended up finding a person looking at the books in the Coop who was willing to buy them from me," said Montross...