NORTH AMERICA
model also has a very long carrying time ,” explains Nobbman .
“ In a retail space , you would buy something ( theoretically ) for the next 30 days and you would try to sell all of that and then buy more stuff . It ’ s a much shorter life cycle from the purchase of the item to the sale of the item .
“ In the textbook wholesale business , we can pay for something with no intention of selling it for six to eight months , so that ties up a lot of cash which also carries a lot of risk . The further in the future you have to buy something , the less certain you can be that you ’ re actually going to be able to sell it .
“ There are two main components of a college or university campus : Academics and Auxiliary Services . We specialized in assisting the auxiliary services part of a college or university , which runs the revenue generating facilities . They have to figure out a way to pay for all the amenities students want somehow , so the campus is continuing to put pressure on those services , but we have a good handle on this ,” Grenier explains .
NBC will continue to pursue growth opportunities that align with helping college campuses create engaging student experiences . Playing a critical role in the future of auxiliary services is very top of mind for NBC .
Providing software , handling books , undertaking consulting and design work – NBC will remain a dominant force in the American market and a highly respected traditional book company . As it looks to further diversify its portfolio and explore new ventures , it will continue to look at potential gaps in the market to help serve its customers across North America
107 Nebraska Book Company
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