UNC Student Stores transitions from a thoroughfare to a destination
The University held a brief ribbon-cutting ceremony Sept. 12 to celebrate the completion of a $3.8 million renovation of UNC Student Stores.
- An expanded café – now called Stone and Leaf Café to honor author Thomas Wolfe – with seating space for up to 100;
- A larger Bull’s Head Bookshop on the third floor, with twice the number of titles at 70,000 volumes; and
- A new lounge and event area overlooking the Pit.
Participants in the grand reopening were Chancellor Carol L. Folt; Barnes & Noble College Vice President Paul Maloney; Lloyd Kramer, director of Carolina Public Humanities; and Makayla Proctor, a 2016 graduate who is course materials supervisor at UNC Student Stores and a former student worker.
Barnes & Noble agreed to invest $3.8 million in store renovations in June 2017 when UNC Student Stores operations transitioned to Barnes & Noble College management in July 2016, as part of the 10-year, $30 million agreement.
UNC Student Stores now boasts one of the largest campus store Nike and Jordan shops in the country, 30 percent more Carolina merchandise and a new “Glossary” cosmetic and care bar.
Net proceeds from UNC Student Stores sales continue to support need-based scholarships. Barnes & Noble forecasts an annual payment to the University of more than $3 million, with a guaranteed minimum payment of $3 million annually for the first two years.
After the University covers operating expenses, it is expected that it could nearly quadruple its recent contribution to need-based scholarships annually. In addition, last academic year students saved nearly $1.9 million on their textbook purchases at UNC Student Stores through discounts and the textbook rental program.