The Nebraska Bookstore Co.'s flagship store, in Lincoln, home of the University of Nebraska, is closing next month, the Lincoln Journal Star reported. The store was founded in 1915 as Long's Campus Bookstore, and in 1937 was bought by an employee who renamed it Nebraska Book Co. It has moved several times over the years.
The store was the foundation of the company that operates more than 200 college stores, has a wholesale division that rents and sells more than seven million textbooks a year and installs and supports tech platforms and e-commerce sites at more than 1,200 stores.
Nebraska Book Co. said that the store wasn't performing to expectations, adding: "This store closing is consistent with our strategy of regularly reviewing all areas of our business to ensure a leading position in the higher education marketplace."
The University of Nebraska has agreed in principle to buy the bookstore building and real estate for $4.75 million. The building was built in 1985.
The store is one of only three that Nebraska Book Co. owns. The company went through a structured bankruptcy three years ago and closed at least 40 off-campus stores.
