23 Aug '11, 9am

Borders bookstore to hold book sale in two weeks

SINGAPORE: Borders closed its flagship bookstore at Wheelock Place for good on Tuesday, following rental disputes with its landlord. All books were cleared off the shelves on Tuesday afternoon. Although the bookstore received a 48-hour extension to clear out, its judicial manager said it was not necessary. Borders will transfer some of the books at the Wheelock outlet to its Parkway Parade branch. It will hold a book sale in two weeks, although a venue has not been determined. As for the staff, Borders' judicial manager said some will be transferred to Parkway Parade, while others will help out with the book sale. It is still unclear whether customers with unredeemed Border's gift cards will be reimbursed. In a letter to owners of such cards, its judicial manager said the company does not have sufficient funds to pay all of its debts. Whether the gift card holder will be r...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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