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Home > Company Index > Specialty Retail > Music, Video, Book & Entertainment Software Retailing & Distribution > Varsity Group Inc.
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Varsity Group Inc. |
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NEWS FROM THE STANDARD |
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Silver Lining Department
Aug 13 2001 07:56 AM PDT
Textbook Sellers Get an Education
Jul 05 2000 12:00 PM PDT
Textbook Sellers Get an Education
Jul 03 2000 12:00 AM PDT
PROFILE |
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Varsity Group encourages students to take a heavy course load. The company runs online textbook retailer VarsityBooks.com, which sells about 2.5 million titles from over 25,000 publishers. Books are supplied by #2 US book distributor Baker & Taylor. Varsity Group markets textbooks through a network of student representatives on more than 600 college campuses. Spotting a more promising path to profits, the company has sought to reach students (or parents) of private middle schools and high schools, as well. Law school buddies Eric Kuhn and Tim Levy launched the company in 1998. Investment firms Mayfield Fund and The Carlyle Group own 15% and 13% of Varsity Group, respectively. Kuhn owns about 10%.
COMPETITION |
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Barnes & Noble College Bookstores, Inc. (dossier)
Ecampus.com, Inc. (dossier)
Follett Corporation (dossier)
DEALS |
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Deal: ICQ, VarsityBooks.com Enter Alliance
Date Announced: 01.06.00
Value of transaction (US $Mil): 0
Description: Internet messaging system and online college bookseller enter three-year, multimillion dollar joint marketing agreement.
> Search all deals for this company
TRACKERS |
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Jun. 29, 2000 - LAYOFF TRACKER
27 laid off
Description: Changing its focus from bookselling to college marketing.
> More LAYOFF NEWS
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 28.50
1-Yr. Sales Growth: 168.9%
Employees: 550
Revenue per employee: $51,818.18
KEY PEOPLE |
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Eric J. Kuhn
CEO
CONTACT INFO |
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1825 Eye St., NW, Ste. 400
Washington, DC 20006
US
Phone: 202-667-3400
Fax: 202-332-5498
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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