PageOne closes down. So another bookshop closes. First it was Borders at Wheelock, then it was PageOne at Vivocity and now Harris at Great World is also closing down.
It just seems that bookshops are not able to be profitable nowadays. Or is it simply the case that Singaporeans don't really read anymore? I mean there are so many things online for us to read that we don't want to fork out the money to buy a book. I think very little people actually spend more than $100 a month buying books. We could easily spend that amount in a single day on a good meal. But not on books. Sadly.
And so the bookshops all around us are closing down. High rent is one factor. But I think most bookshops probably have very low profits. And it doesn't help that people are also buying books online nowadays.
Bye bye PageOne. You will be missed.
-
Civil servants or public officers in Singapore are expected to declare their financial standing when they first join and every year thereaft...
-
Trying to compile the salary pay scale for the Singapore civil service. Somehow, I only managed to find the figures for 2011. There are p...
-
In my previous article , I compared an endowment plan with an ILP. Many might think that an ILP is a silly way to save for my child's ed...
-
Everybody loves free stuff. So as part of the Christmas Celebrations, I am giving away MONEY! ANYONE can earn it. Just leave a comment on th...
-
Not too long ago, I wrote a post about how much to give for Chinese wedding dinners. It was pretty well received so I thought a good fo... -
Many young graduates who are seriously considering joining the civil service are likely curious to find out what is the starting pay or sala...
-
“We are more than that; we are in the business of creating time.” - Tay Liam Wee Mr Tay Liam Wee has an estimated networth of around S$135m.... -
Here are some frequently asked questions about sgfinancialfreedom: Q: How do you compute your networth? A: I compute my networth by adding m...
-
How much does a normal or average Singaporean earn? Based on median income, that is supposed to be $2,400 per month and raised to over $300...
-
A frequent question that is often asked by many people is this: "How much to give in terms of money for a Chinese wedding?" For th...
I don't miss Pageone or Harris.
ReplyDeleteHave never bought anything from them.
I buy my books from Kinokuniya, MPH, and Popular.
I don't see what's wrong with it. It's free market competition at work.
Glad there's no govt bail-out!
I know its free market competition, but there is still something sad in a way about a bookstore closing.
ReplyDeleteHi SMOL,
ReplyDeleteJust sad that the bookstores are closing. Yeah, at least we have Kinokuniya still around.