Nebraska Book Company, parent company of St. Clair County Community College’s campus bookstore, has filed bankruptcy.
According to the Book Company’s web site, they own 280 bookstores nationwide, with SC4’s Campus bookstore being one of the 19 owned in Michigan.
Press releases from the book company explain this move will allow for restructuring of $450-million in debt of its holding company, the Nebraska Acquisition Corporation. Like many booksellers, Nebraska Book says it has lost business to online retailers.
NBD Education.com’s web site (http://nbdeducation.com) states some of the pros and cons of purchasing text books on line are it saves time, and is more cost effective for students, yet you don’t know the condition of the books until you receive them and students can face delays in receiving online book orders.
St. Clair County Community College’s Executive Director of Public Relations, Shawn Starkey, explained he feels the chapter eleven ruling and restructuring process won’t affect the students and staff of SC4.
“We are very comfortable with it being business as usual,” said Starkey. “It won’t affect our students or the college.”
SC4’s campus bookstore Manager, Amanda Beliveau, agreed with Starkey, also stating that it is business as usual.
“Our students are having no problems purchasing books,” said Beliveau.