University Bookstore
Co-operative bookstores are on the wane, ac
cording to Gerald Henson, manager of the
University of Oregon Bookstore, Inc., and on July 1
the University Co-op gave in to the trend by
changing its rules along with its name.
“For the past 53 years it’s been operating as the
Co-op, but on July 1 we became the University
Bookstore,” Henson said. “The change was voted
on last spring by Co-op members and was approved
five to one.
The change came about because the board of
directors felt there were too many inequities in the
co-operative system. The rebates given to members
were low due to inflation and high taxes.
“Only one third of the student body joined the
Co-op,” said Henson, “but under regulations of the
Bureau of Internal Revenue profits made from non
members couldn’t be distributed among members.
Money accumulated, and the board didn’t know how
to dispose of it.
“As the University of Oregon Bookstore, Inc.,
we intend to reduce the price of textbooks by around
10 per cent. We’d like to discount everything, but the
book price reduction alone will wipe out most of the
profits.”
Henson remarked that the past five years have
posed some trying times and bookstores have been
forced to operate on less, while the profit margin on
texts remains the same.
“The average life of a textbook is short, about a
year or so,” he said. “New editions are constantly
appearing and at a liberal arts school such as the
University, texts become obsolete quickly. The
bookstore can buy back very few used books,
making it hard on both students and the store.
“Many students tend to look at books as a ripoff.
Texts are expensive,” Henson admitted, “but what
the student spends on books—which play such an
important role in his education—is just a fraction
compared to the total cost of his schooling.”
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