ASUCR Votes to Close “The Exchange”

Student-owned store had provided services to the campus since 1994

door with a closed sign

The Exchange, a student-owned campus store, closed its doors for good on Monday, September 24 after 20 years of serving the campus. Photo by Ross French

RIVERSIDE, Calif. (  — The ASUCR Exchange, the student-owned campus store that sold discounted amusement park and movie tickets, sorority and fraternity items, balloons, greeting cards, and school supplies since 1994, closed on Monday, September 24 due to declining revenues. The Associated Students of UCR Senate (ASUCR) announced the closure in a campus-wide email Tuesday.

Members of the senate voted unanimously to close the store during a closed executive session held over the weekend.

“Closing The Exchange is something that has been discussed a lot over the last two years,” ASUCR President Liam Dow said, adding that a committee had held meetings and conducted surveys of students in hopes of finding ways to make the store viable. “It was a difficult decision to make, but financially, it was the right one. In the end, the costs just outweighed the benefits.”

Dow said that The Exchange suffered a net loss of approximately $100,000 during the 2011-12 school year, primarily due to rising overhead.

The closure of resulted in the elimination of one full-time staff position and six student employee positions.

According to Laurie Sinclair, Executive Director for ASUCR, plans are underway to move items previously sold by The Exchange, such as tickets and Greek items, to other on-campus outlets and that details would be forthcoming.  She added that a team has been formed to help implement a new direction for the now-vacant space.

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