Follett Corporation
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Follett Corporation is a River Grove, Illinois-based company that provides a variety of educational products to schools, colleges, and public libraries through its subsidiaries.
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| Type | Private |
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| Industry | Retail college bookseller, ebooks, library books, software |
| Founder(s) | C.W. Follett |
| Headquarters | 2233 West Street, River Grove IL, US |
| Area served | International |
| Key people | Chuck Follett, CEO |
| Divisions | Follett Library Resources (FLR), Follett Software Company (FSC), Follett International (FINT), Follett Higher Education Group (FHEG), Follett Educational Services (FES) |
| Subsidiaries | BWI, TetraData, X2 |
| Website | http://www.follett.com |
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[edit] History
In 1901, C.W. Follett began working as a stock clerk for a small mail-order book company in Chicago, C.M. Barnes & Company, which had been founded in 1873 by Charles M. Barnes. In 1902, Barnes retired, and his son William took over the company. By now the company had evolved into a wholesaler, selling used books throughout the Midwest.
In 1908, John Wilcox, William Barnes' father-in-law became the majority shareholder and the company was renamed C.M. Barnes - Wilcox Company. In 1912 Follett became vice president. In 1917 Barnes sold his remaining interest in the company to John Wilcox. (Later that year he would travel to New York to partner with G. Clifford Noble and found Barnes & Noble)
In 1918 Follett took over management as Wilcox was nearing retirement, and the company was again renamed, this time to J.W. Wilcox & Follett Company.
John Wilcox died in 1923 and the following year, C.W. Follett and his wife, Edythe, purchased the company. During the next two years, C.W. Follett’s three oldest sons—R.D. (Bob), Garth and Dwight—joined the family business. C.W.'s youngest son Laddie, who was still in grade school, joined the company in 1930.
During the next two decades, C.W.'s sons infused the company with ideas and enthusiasm, helping the company to evolve and grow. In 1925, Dwight founded the Follett Publishing Company. In 1930, R.D. Follett founded the Follett College Book Company and began wholesaling used textbooks to professors and college bookstores. The following year, R.D. established the company’s first retail bookstore on a college campus outside of Chicago. And in 1940, Garth Follett created Follett Library Book Company. Laddie Follett ran the company’s original business – Wilcox & Follett – from 1952 until 1986.
When C.W. Follett died in 1952 at the age of 70, Dwight Follett succeeded his father as chairman. The company continued to grow and was renamed Follett Corporation in 1957. The company is still known by that name today.
In 1998, Follett associates celebrated the company’s 125th anniversary. To strengthen the company’s ability to meet the needs of its customers, Follett aligned its various business units under three market groups: Higher Education, Elementary and High Schools and Libraries.
In 2000, Christopher Traut was elected President and Chief Executive Officer of Follett Corporation. In addition, Follett’s three core market groups were combined to form Follett Higher Education Group and Follett Library and School Group.
In 2010, Traut retired and Chuck Follett was promoted to CEO.
Today, Follett generates consolidated sales exceeding $2.7 billion and employs nearly 10,000 associates throughout the United States, Canada, and other parts of the world.
[edit] Operating units
- Follett Higher Education Group operates college bookstores at over 820 campuses in the United States and Canada.
- Follett Library Resources provides K-12 school libraries with fulfillment services for books and other materials.
- Follett Software Company provides automation solutions to K-12 districts and schools to better manage their libraries, textbooks, assets, media and data-warehouse.
- Follett Educational Services buys and sells used textbooks from schools.
- Book Wholesalers, Inc. (BWI) provides public libraries with fulfillment services for books and other materials.
- Follett International (FINT) provides educational technology and print solutions to over 150 countries.
[edit] References
[edit] See also
[edit] External links
- http://www.follett.com/ - Official Website
- http://www.efollett.com/ - Official commerce website for Follett network of bookstores
- http://www.intellectualpropertyaustin.com/ - Follett's Austin based book store with its main merchandise being trade books
- http://www.FollettSoftware.com - Follett Software Company, connecting information and resources to support high-performance learning environments
- http://www.TetraData.com - TetraData, K-12 Data-Driven Performance Solutions
- http://www.follettinternational.com - Follett International, enhancing the teaching and learning experience worldwide
- http://www.flr.follett.com/ - Follett Library Resources, providing books and audiovisual materials to K-12 school libraries
- http://www.bwibooks.com/ - Book Wholesalers, Inc., supplying books and other materials to public librarie
- http://www.follettearlylearning.com/ - Provides books, videos, interactive materials and more to pre-school and early learning centers
- http://www.ft.com/cms/s/2/aba042dc-ae5e-11e0-844e-00144feabdc0,dwp_uuid=e8477cc4-c820-11db-b0dc-000b5df10621.html#axzz1d3KdoX6K
- http://www.nwherald.com/mobile/article.xml/articles/2011/09/23/r_cuvc8_nrtym8rlzbo9cbca/index.xml
