In response to changes in the industry, the National Association of College Stores eliminated 22 full-time, and 13 part-time, positions earlier this month.
The job cuts came from within NACS, which is headquartered in Oberlin, Ohio, and two of its subsidiaries, NACSCORP, a textbook and trade book supplier, and indiCo, which assists independent stores.
NACSCORP lost close to $30 million in annual revenue when Follett, its largest customer, bought Baker & Taylor in April and then moved its distribution business from NASCORP to B&T.
“We simply can’t continue to staff for business that isn’t there, or continue to provide services that we don’t have the revenues to support,” said NACS CEO Robert Walton.
In announcing the workforce reduction, Walton noted that NACS had been employing cost-saving measures for the past few months. In addition, the association has begun pursuing new business opportunities.
