CHEGG has great financial results due to is excellent management team and conservative strategy. CHEGG is the market leader, while follet is a laggard. Why?
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Chegg had a huge ad on GMA this morning, they are donating laptops & course materials for Their 1st year of college to a group of high school seniors graduates. Great advertising & company promotion on their part.
It's not just technology it is the entire business model.
Text books ARE a commodity. Buy my kid's textbooks from CHEGG or Amazon, whoever has the best best price. Follett never completes. NEVER had an issue with CHEGG.
With Follett wanting more than a reasonable profit to keep 7 generations of Folletts fed plus the exorbitant salaries you pay your senior management team you'll never be competitive.
Sorry Follett but technology has passed you by.
Market watch Yahoo financials it’s all over out there. They are doing it right No matter how we feel.
And they’ve been doing it right for quite a long time.
Chegg isn't trying to feed 7 generations of Folletts?
What Amazon and Chegg has taught us is when what you sell is a commodity, cheaper always wins.
For every student that likes Chegg, there is a student that hates it. Wrong editions sent, pages are always missing, excessive highlghting and writing. My students have informed me returning things to Chegg is a huge hassel. Sure they are cheaper but cheaper comes with a cost.
Why?????????, that's easy, no unprofitable stores or crazy campus contracts.
Shares of Chegg spiked as much as 37% to $61.33 on Tuesday after the company announced a surge in subscribers as students transition to online learning amid the coronavirus pandemic.
Wrong. They aren’t in much better shape. But you are right about maintaining the physical stores.
It’s certainly helpful if you don’t have 1400+ physical locations each with different contractual obligations and overhead eating away at market that continues to dry up with digital and peer to peer sales.
Where did this financial info come from?
Chegg isn't trying to feed 7 generations of Folletts?