General Merchandise
Follett shall also purchase from University any verified, usable credits with publishers or vendors in accordance with Follett's procedures.
9.2 In operating the Store, Follett will charge industry standard, competitive and fair prices, which, at present, are as follows:
On new textbooks and trade books, not more than the publishers' list price, or a 25% gross margin (cost divided by .75) on net price books and list price books sold to Follett at less than a 25% discount off list, rounded up to the next quarter.
On coursepacks, text "packages," and "bundles," and non-returnable and return-restricted texts, not more than a 30% gross margin (cost divided by .70), rounded up to the next quarter.
On ebooks and other digital content, when Follett determines the end-user price, Follett will follow the same pricing rules applicable to coursepacks, and when the publisher determines the end-user price and Follett acts as agent, Follett will use the publisher price.
On used books, including cloth, paperback and others, not more than 75% of the new textbook selling prices rounded up to the next quarter.
On rental books, Follett will be setting rental fees for each title, and any given title's fee may vary as a percentage of the retail selling price.
On course-required or any related supply items, "sets", and "kits", not more than the normal gross profit margin for similar merchandise in the college bookstore industry
On general merchandise, not more than the normal gross profit margin for similar merchandise in the college bookstore industry.
Follett Access Program fees ("Follett Access Fees") will be determined by Follett for each semester or summer session and submitted to School.
9.3 Follett will offer its Price Match Program ("PMP") to the University. The PMP includes textbooks (new, used and rental) that are currently in-stock at the Store as well as at competing retailers, but excludes digital books.
academic year and are returnable to the publisher at standard industry discounts or cost.
Follett will purchase Trade Books not meeting these requirements at a price agreeable to University and Follett.
Follett will purchase general merchandise traditionally sold in college bookstores, purchased in the past academic year, in saleable condition, and not in excessive quantities, at standard industry discounts or cost.
Follett will purchase general merchandise not meeting these requirements at a price agreeable to University and Follett.
The following terms and conditions apply:
The student brings their original receipt and/or the advertisement for the better price to the Store within seven days of their original purchase.
The book must be in stock at the Store and with the retailer advertising the lower price. Retailers include: a local bookstore, Amazon (excluding its Marketplace) or Barnes & Noble. This program excludes peer-to-peer marketplaces and online aggregator sites.