Akademos_Blog

Akademos and indiCo join forces to create a one-stop shop hybrid college bookstore solution

Posted by Ariane Rasmussen on March 29, 2017

New partnership provides a virtual and physical solution that will help institutions lower textbook costs, drive academic success and build an innovative campus store.

StackedJointLogosCropped.jpgAkademos and indiCo today announced a partnership to provide full-service virtual and physical bookstore solutions for colleges and universities. This hybrid bookstore solution will dramatically lower textbook prices, provide an innovative campus retail environment, facilitate the transition to new digital course materials and increase student readiness and academic success.

The Akademos-indiCo partnership gives institutions the best of both worlds – an innovative virtual bookstore solution for course materials managed by Akademos, and a campus solution for general merchandise sales provided by indiCo, a subsidiary of the National Association of College Stores (NACS).

“This partnership addresses a critical market need for colleges and universities,” says Jonathan Shar, Chief Marketing Officer of Akademos. “There's significant opportunity for Akademos to partner with schools because of our proven impact on textbook affordability, but many institutions no longer have the knowledge and resources to run a general merchandise store themselves. Together, Akademos and indiCo will develop custom, one-stop shop solutions for institutions that want an innovative, future-proof model that lowers textbook costs and takes back the campus store.”

Akademos’ eCommerce platform and advanced tools reduce textbook costs for students, facilitate the course materials adoption process for faculty, and provide administrators and faculty with critical visibility and control over the textbook delivery process. indiCo’s suite of collaborative services gives institutions an alternative to the traditional leasing of their campus store by allowing them to remain independent from large bookstore-operating companies.

“While leasing the campus store was once a viable option, that model has deteriorated. We believe that independent stores best serve the needs of students and higher education,” says Robert A. Walton, NACS Chief Executive Officer. “Corporate leasing companies now drain more than $1 billion in profits from leased stores every five years. That is money that, through institutionally operated stores, could fund financial aid and other student services, employee benefits, and campus facilities renewal. That’s $2 billion every decade going into the pockets of corporate operators and their investors — money that higher education desperately needs.”

Through this partnership, indiCo’s Independent Campus Stores Collaborative services will provide institutions with a physical store solution for all merchandise categories, other than textbooks and assigned course materials. This solution can range from retail management consultation to full-service store design and management, including complete merchandising, retail POS systems, and staffing developed specifically for an institution’s needs.

“Through this strategic partnership with indiCo, the virtual and physical stores will work together and share specific connection points like cross promotion and general support to optimize and enhance the student, faculty and administrator experience,” said John Squires, Chief Executive Officer of Akademos. “It is possible to drive student success through more affordable course materials and maintain a successful general merchandise campus store – we are here to help institutions do exactly that.”

To see if this solution is right for your institution, click here to learn more.

Topics: Company News, Textbook Affordability, New Bookstore Models, Textbook Adoption, Academic Success, Partnerships, Textbook Accessibility, Campus Store Solutions

Future-Proof Your College Bookstore - Exclusive Akademos eBook Now Available

Posted by Natassia Tanaka on November 17, 2016

New eBook provides valuable insights on bookstore models that address and support textbook textbook affordability, accessibility and student success.

ebook-cover-for-blog-NT.jpg

Today, we announced the release of an exciting new eBook highlighting bookstore models that help institutions better meet the growing student demands for lower-cost textbooks, more choice and greater convenience. The eBook uncovers new insights into how the bookstore plays a pivotal role in a future-proof course materials strategy that can effectively compete with low-cost thrird party websites and support an institution’s transition to digital learning materials.

This new eBook, which is available for free, explores:
  • The primary reasons institutions are moving to new bookstore models
  • Key factors to consider when selecting a new model
  • Several future-proof bookstore models offering long-term financial stability
  • Tips for ensuring a successful transition to a new bookstore

The eBook delivers many actionable recommendations administrators and campus shop operators can use as a resource to help transition to a sustainable, future-proof model.

“The internet and mobile technology have completely transformed the way educational materials are produced, purchased, delivered and consumed. This new eBook provides key insights to help colleges and universities select a future-proof model that is right for their unique needs,” said John Squires, chief executive officer, Akademos. “Through its experience supporting hundreds of institutions across the country, Akademos has seen first-hand how college bookstores need to transform into an educational platform and best-in-class service that directly supports an institution’s core mission of driving student success.”

Request the exclusive eBook

 

Topics: Textbook Affordability, New Bookstore Models

NACUBO Session Recording Available: The Hybrid College Bookstore Model

Posted by Lauren LaFronz on July 21, 2016

If textbook affordability is important to your institution and you're open to learning about new bookstore models, you'll want to request the recording of our interactive session with Labouré and Berea colleges from the 2016 NACUBO Annual Meeting.

This well-attended session, which received a lot of positive feedback, covers how the new hybrid college bookstore model reduces textbook costs, improves bookstore sales and increases student satisfaction. The recording and presentation materials can be requested by clicking here or on the button below.

The session covers how combining a school-sanctioned website with an on-campus shop can:

  • Improve textbook affordability, bookstore sales and the textbook purchasing experience

  • Provide the flexibility required to transition to new digital learning platforms and materials

  • Win back students by applying advanced technology best practices

Request Session Materials

If you attended the session and want additonal information about the hybrid bookstore model, contact us or request a copy of our hybrid bookstore model white paper.

Topics: Webinars & Events, Bookstore Sales, Textbook Affordability, New Bookstore Models

Akademos & Presentation College Launch Online Bookstore Offering Affordable Textbooks

Posted by Lauren LaFronz on July 19, 2016

Hybrid bookstore model enables Presentation to offer low-cost textbooks online and a wider selection of merchandise on campus

Akademos has partnered with Presentation College to launch an online bookstore website giving students access to a vast selection of low-cost textbooks along with a convenient, personalized and fast ordering experience. Presentation College, named to the President’s Honor Roll for Community Service, is an independent Catholic institution based in South Dakota with a focus on presentation-college.jpgthe education of health care professionals.

Presentation College is implementing the “hybrid bookstore model,” which enables the institution to offer all course materials through the low-cost online bookstore and leverage its on-campus shop to sell a wide variety of ”Spirit” wear and general merchandise.

Presentation students can shop for textbooks in new, used, rental and eBook formats from any device using a custom-branded version of the mobile-optimized Akademos online bookstore. Students save an average of 60% off the list price of their course materials using Akademos’ exclusive marketplace of over 100 million new and used textbooks.

The Akademos online shopping platform is scheduled to be fully integrated with Presentation’s student information system (SIS), which will enable students to see a personalized list of required textbooks and order books for an entire term in less than five minutes. Students will also be able to seamlessly apply financial aid to their course material purchases.

“Transitioning to a fully-virtual, low-cost bookstore with a marketplace was a natural choice given that most of our students are already accustomed to comparison shopping for just about everything on the internet,” stated Presentation College Vice President for Finance Cathy Hall. “The hybrid model allows us to significantly improve textbook affordability while maximizing the profitability of our on-campus shop by offering a wider selection of other items.”

“While price is and always will be a key driver behind where students choose to purchase their course materials, the results of our recent college student survey show that the importance of convenience should not be underestimated,” commented John Squires, chief executive officer, Akademos. “The Akademos online bookstore solution provides Presentation students with the ultimate textbook ordering experience by offering low prices and a high level of convenience in addition to a fully personalized course materials list.”

Learn more about how Akademos can help your institution significantly improve textbook affordability for students.

 

Topics: Company News, Textbook Affordability, New Bookstore Models

New Hybrid Bookstore Model to be Featured at NACUBO Annual Meeting

Posted by Lauren LaFronz on July 7, 2016

If you’re attending the NACUBO 2016 Annual Meeting in Montréal and improving textbook affordability is important to your institution, don’t miss our interactive panel discussion, The New Hybrid College Bookstore Model, on Sunday, July 17 at 2:00pmNACUBO-2016-Cropped.jpg.

Mark Virello, CFO, Labouré College and Derrick Singleton, VP of Operations & Sustainability, Berea College will join John Squires, CEO of Akademos to share how combining a school-sanctioned website with an on-campus shop selling high-margin
merchandise and services can:

  • Successfully reduce textbook costs, improve bookstore sales and increase student satisfaction

  • Provide the flexibility required to transition to new digital learning platforms and materials

  • Win back students by applying advanced technology best practices

If you can’t make the session, stop by our booth (#405) in the Expo to pick up a copy of our white paper, The New Hybrid College Bookstore Model, and receive a complimentary bottle of Akademos extra virgin olive oil.

We hope to see you in Montréal!

Topics: Webinars & Events, Textbook Affordability, New Bookstore Models

The New Hybrid College Bookstore Model - Updated White Paper

Posted by Jonathan Shar on January 5, 2016

To get your new year started off right, we are re-releasing our most popular white paper from the past year, The New Hybrid College Bookstore Model.

This exclusive report provides key learning and updated case studies on how institutions are successfully implementing low-cost online bookstore offerings, while building best-in-class on-campus shops.

hybrid_wp_january.png

Download The New Hybrid College Bookstore Model White Paper today - available at no charge.

This White Paper is a must read for administrators who are evaluating their current bookstore model and considering new approachesSee how this new model can lower textbook prices and support an institution's core mission of educating students.

In addition, the white paper now includes 4 new case studies and results to date from colleges and universities that have implemented the Hybrid Model. Download The New Hybrid College Bookstore Model White Paper today - available at no charge.

Click Here to Download the Exclusive White Paper

Topics: New Bookstore Models