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CampusBookRentals (www.campusbookrentals.com) announced the rollout of an advanced point-of-sale system (POS) for college bookstores. This rollout comes after a string of technology advancements delivered to bookstores over the last three years.
CampusBookRentals is partnered with more than 100 bookstores nationwide. With this advanced POS technology, CampusBookRentals is offering its partners a distinct alternative to the existing legacy systems, and equipping bookstores nationwide with an arsenal of new tools to compete more effectively with online and in-store competition.
Bookstores have been operating in a rapidly changing environment in recent years and have seen formidable new competitors such as Amazon and eBay enter the textbook market. With this new technology, CampusBookRentals gives bookstores a crucial edge by introducing store-to-store inventory sharing and trading connectivity as well as rental centric modules, making as much as 100 percent of the textbook inventory profitably for rent. These tools provide significant textbook sourcing, selling and renting advantages and empower bookstores to be more competitive.
"Legacy systems put bookstores and students at a disadvantage, as they are unable and unwilling to adopt superior sourcing and rental strategies that deliver significant value to students,” said Alan Martin, CEO and founder of CampusBookRentals. "We are now putting tools in the hands of bookstores that have already proven to bring back market share and make the bookstore the preferred destination for the value-conscious student.”
The cloud-based solution allows stores to sell excess textbook inventory directly into online marketplaces and facilitates bookstore participation in 'RentBack', the student-to-student and student-to-store rental initiative launched by CampusBookRentals in December 2012.
CampusBookRentals considers this technology to be a POS developed by bookstores, for bookstores. Efforts are underway to create an advisory board of bookstore managers to help guide future product development, and ensure that the product evolves to meet the changing needs of college bookstores. In conjunction with the unique product development model, the technology also gives bookstores access to CampusBookRentals powerful logistics infrastructure. The store-to-store inventory connectivity, coupled with access to CampusBookRentals' logistics infrastructure provides bookstores with real advantages in the competitive textbook market, enabling them to grow market share.