Although Virginia Tech is beloved by its student population for its food, football, and fun, there are a few things that students despise about the university. No, we aren’t talking about finding a parking spot or the fact that some people still have to use scholar; we’re talking about the buying and selling of textbooks. Each year, thousands of Tech students buy overpriced books from the bookstore. However, most students do the smart alternative of going to other sources online to buy their books—cutting into the bookstores profit margin.
That’s why the Virginia Tech bookstore recently announced they will be using all of their money for the fiscal year to buy out Amazon, forcing students to buy their textbooks from them. The drastic move was originally poised by one of the student employees when asked why the store was so empty. Amazingly, the bookstore will NOT hire more employees to keep up with Amazon’s massive cliental base, but instead, will cut costs by keeping the same staff.
Amazon’s founder, Jeff Bezos, was surprisingly enthusiastic about the major buyout claiming: “The books we sell to Virginia Tech students will now be sold exclusively by the bookstore the way it was always meant to be.” Many people, however, are amazed by the bookstore’s revenue to support the buyout and felt that perhaps too much money was allocated to the bookstore’s budget. Even President Sands was caught off guard by the sheer amount of money that was used exclusively to sell books, “If I knew how much money was in the bookstore budget, then I would’ve tried to finance another dining hall, not more books.”
At the end of the day, this means two things for Virginia Tech students: all books must be bought at the store and prices will go up. So that three hundred dollar biology textbook (that you will only use three times), will now cost 600.00 for the book and extra 200.00 for the access code. Although students are outraged about the surge in prices, Fortune, Forbes, and the Wall Street Journal are calling the buyout one of the best business moves in the last twenty years. The bookstore will also sell textbooks to other universities, but at much, much higher price than at Virginia Tech.
Students should expect to see a flurry of drones delivering packages to and from the bookstore’s headquarters on campus. Traffic patterns will also be diverted to account for the fleet of delivery trucks expected to come to Blacksburg. The only upside to this whole situation is that next day delivery will be quicker than expected for Tech students.