The Rise and Fall of Bookstores in Singapore

Singapore has experienced a significant change in the status and strategies of local bookstores over the last four or five years. When bookstore giant Borders built a 30,000 square foot store in Singapore in 1997 it became one of the top bookstores worldwide, says Penguin Books Singapore's Managing Director Eddy Teo. Local, independent bookstores were initially in shock, but then reacted by increasing the size of their own stores to improve their book offerings and to try and compete with the retail...