, a major online textbook retailer, reported that nearly 20% of all textbooks are purchased online today, up from only 1% in 2009.

Sales of new textbooks dropped from 71% in 2007 to about 40% today. The past three years have also seen a rise in textbook rentals. Matt Montgomery, CEO of explains, “Textbooks remain a major expense for college students, and that’s why they’re excited about a concept that provides the exact same product, but at a substantial cost savings.” He adds that online retailers have an advantage when it comes to textbook rentals because their reach is much greater. Textbooks can be rented for 60-70% off retail price, which gives students a substantial savings. was founded in 1999.

Read the entire story here

Leave a Reply

Your email address will not be published. Required fields are marked *