By Richard Van Winkle, News of Mill Creek.
Having served the community for over 15 years, Mill Creek's University Book Store will close its doors for good on October 19, 2019.
Increased operating costs and changing consumer behavior contributed to the business decision.
An email from University Book Store, Inc. announced it will not renew its lease and will close its Mill Creek store, located in the Mill Creek Town Center.
The email stated, "A significant rental increase contributed to the decision. University Book Store itself remains a healthy business and will focus on its five Puget Sound area locations and a growing ecommerce business at ubookstore.com."
University Book Store Chief Executive Officer Louise Little said, “We are sincerely grateful for the many friendships made and partnerships formed over the last fifteen years, but retail and the way people shop is rapidly evolving and we believe our Trust, which governs our operations, will be better served by primarily concentrating on our University of Washington campus stores and our website.”
University Book Store closed its downtown Bellevue store in February 2018 even though the for-profit trust that operates the business owns the building in which the store was located.
At that time Little stated, "We believe our business, and the Trust which governs our operations, will be better served by leasing the space that our store currently occupies to another retail tenant."
University Book Store has five other stores located on or near University of Washington campuses.
According to the email, "Founded in 1900, University Book Store has been organized as a for-profit corporate trust since 1964. The Trust benefits University of Washington students, faculty and staff. All profits not required for store operations or growth are returned to the UW community through lower textbook prices, discounts, scholarships and other benefits."