GLOBAL RESEARCH SYNDICATE
No Result
View All Result
  • Login
  • Latest News
  • Consumer Research
  • Survey Research
  • Marketing Research
  • Industry Research
  • Data Collection
  • More
    • Data Analysis
    • Market Insights
  • Latest News
  • Consumer Research
  • Survey Research
  • Marketing Research
  • Industry Research
  • Data Collection
  • More
    • Data Analysis
    • Market Insights
No Result
View All Result
globalresearchsyndicate
No Result
View All Result
Home Consumer Research

Column: Are the high prices of university merchandise worth the product?

globalresearchsyndicate by globalresearchsyndicate
January 23, 2020
in Consumer Research
0
Column: Are the high prices of university merchandise worth the product?
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Buying college merchandise is a popular way for students to represent their school community, but as items get more expensive, is school pride worth the price?

“When I’m at home or wearing my merch around Boston, I definitely feel pride in coming from Northeastern,” said first-year computer science major Apurva Jain, who has purchased a sweatshirt and quarter-zip. “But in general, $50 for a piece of clothing is not really okay.”

In pricing its products so high, Northeastern may be excluding lower-income students who cannot afford to purchase merchandise, while catering towards those who can. 

“As an international student, I came in thinking that $45 for a sweatshirt was a little ridiculous,” said fourth-year computer science major Megha Rao, who has purchased only one item of merchandise during her four years at Northeastern.

Currently, The Northeastern University Bookstore’s apparel ranges from $12 baseball hats to vests and hockey jerseys that cost over $100. T-shirts and tank tops are roughly $35 a pop, while a plain water bottle with the school’s logo boasts a $17 price tag.

These prices, albeit expensive in addition to the already daunting cost of tuition, represent the growth of the college marketing industry nationwide. According to The Street, a financial news website, a reported “$4.62 billion was spent on college-license merchandise” across the United States in 2013. Northeastern’s partnership in 2014 with The Collegiate Licensing Company, a national marketing company that boosts collegiate brands, has entrenched its economic ties to merchandise sales. Revenue generated from merchandise sales is returned to the university, suggesting that the Husky brand now holds a valuable stake in the school’s wealth accumulation. This provides an incentive to set higher costs and place the university’s brand on a more desirable, exclusive pedestal.

However, students simply hoping to sport their school’s name may be deterred from purchasing such items due to their cost. In some cases, students search for alternative methods of purchasing merch or forgo buying it at all.

Aparna Dutta, a fourth-year linguistics major, has never bought a piece of Northeastern merch. Instead, she relies on hand-me-downs from her older sister, a Northeastern alum. However, Dutta admits that the prices seem realistic.

“I feel like the simple sweatshirts are the same price they’d be if you bought any sweatshirt with a brand [name] on it,” Dutta said. She draws a parallel between prices in Northeastern’s merch shop and prices in mainstream clothing stores such as Nike or Vans.

The crux of the dilemma is whether students should be treated as consumers of their university’s business. This type of industrial outlook has the potential to eradicate the authenticity of a school’s sense of pride, especially when college merchandise sales are run as businesses similar to any mainstream brand. The National Association of College Stores racks up nearly $2.4 million in sales each year, from nearly 4,000 stores, generating a great deal of revenue from current and prospective students and their families.

One thing remains clear: the distinction between educational institutions and money-making businesses is becoming more and more ambiguous, and the college merchandise industry is just one stitch in a growing pattern of problems.

Related Posts

How Machine Learning has impacted Consumer Behaviour and Analysis
Consumer Research

How Machine Learning has impacted Consumer Behaviour and Analysis

January 4, 2024
Market Research The Ultimate Weapon for Business Success
Consumer Research

Market Research: The Ultimate Weapon for Business Success

June 22, 2023
Unveiling the Hidden Power of Market Research A Game Changer
Consumer Research

Unveiling the Hidden Power of Market Research: A Game Changer

June 2, 2023
7 Secrets of Market Research Gurus That Will Blow Your Mind
Consumer Research

7 Secrets of Market Research Gurus That Will Blow Your Mind

May 8, 2023
The Shocking Truth About Market Research Revealed!
Consumer Research

The Shocking Truth About Market Research: Revealed!

April 25, 2023
market research, primary research, secondary research, market research trends, market research news,
Consumer Research

Quantitative vs. Qualitative Research. How to choose the Right Research Method for Your Business Needs

March 14, 2023
Next Post
Pain Relieving Patches Market Research Reports Analysis by 2025 – Tech Admirers

Histidine (Hydrolysis Method) Market Research Reports Analysis by 2026 – Dagoretti News

Categories

  • Consumer Research
  • Data Analysis
  • Data Collection
  • Industry Research
  • Latest News
  • Market Insights
  • Marketing Research
  • Survey Research
  • Uncategorized

Recent Posts

  • Ipsos Revolutionizes the Global Market Research Landscape
  • How Machine Learning has impacted Consumer Behaviour and Analysis
  • Market Research: The Ultimate Weapon for Business Success
  • Privacy Policy
  • Terms of Use
  • Antispam
  • DMCA

Copyright © 2024 Globalresearchsyndicate.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
No Result
View All Result
  • Latest News
  • Consumer Research
  • Survey Research
  • Marketing Research
  • Industry Research
  • Data Collection
  • More
    • Data Analysis
    • Market Insights

Copyright © 2024 Globalresearchsyndicate.com