• 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.