25 Sep '11, 11pm

The end of an era: In Singapore since 1997, today is Borders' last day in operation on our shores

SINGAPORE - Book lovers here will mourn today's closure of the Borders store in Parkway Parade. But up till about a week ago, there was still a scramble behind the scenes to keep the retailer afloat, in Singapore. Meanwhile, thousands of bargain-hunters have been descending on the Parkway Parade outlet, lured by the 70 per cent sale over the weekend. The outlet - the retailer's second in Singapore - opened in 2007, a decade after its first store opened in Wheelock Place. The latter has since closed. Borders Singapore sales manager Elissa Crosswell said business at Parkway Parade was actually good but it did not last long. She said: "We were booming the first year we opened. The second year was quite good as well, (but the) third year it had actually declined. Book retailing has definitely changed, customer habits have definitely changed as well." On Wednesday, Borders USA ...

Full article: http://www.todayonline.com/Singapore/EDC110926-0000054/Bo...

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