https://www.authorlearningcenter.com/publishing/distribution-sales/w/booksellers/6912/the-rise-and-fall-of-bookstores-in-singaporeen-USTelligent Community 10https://www.authorlearningcenter.com/publishing/distribution-sales/w/booksellers/6912/the-rise-and-fall-of-bookstores-in-singaporeThu, 31 May 2018 17:24:44 GMT809ccca5-04d2-44bf-8f5c-ff0a6d33c80b:99c7349a-9647-4001-b363-22033f19eff1Eddy Teohttps://www.authorlearningcenter.com/publishing/distribution-sales/w/booksellers/6912/the-rise-and-fall-of-bookstores-in-singapore#commentsCurrent Revision posted to Booksellers by Eddy Teo on 5/31/2018 5:24:44 PM<br /> <p>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&#39;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 giant. When the Borders store closed in 2011 due to financial hardships, it was a clear indication of what the independent bookstores would be facing - downsizing, recalibrating their offerings, adding non-book goods to generate more revenue, and trying to survive. What has also resulted is the loss of quality employees in the bookstores, Teo says. Being in the book business in Singapore is not very prosperous so the bookstore owners struggle to pay their employees wages that can compete with other types of businesses. One positive that has come out of the recent turmoil is that the independent bookstores have taken a close look at their book offerings and have recognized the need for improvement.</p> <p><a href="https://www.authorlearningcenter.com/cfs-file/__key/communityserver-wikis-components-files/00-00-00-01-81/The-Rise-and-Fall-of-Bookstores-in-Singapore.mp4">www.authorlearningcenter.com/.../The-Rise-and-Fall-of-Bookstores-in-Singapore.mp4</a></p><div style="clear:both;"></div> <div style="font-size: 90%;">Tags: fiction, Nonfiction, Subscriber, video</div>