Bookstore chain Borders closed its Parkway Parade
branch, the last remaining outlet in Singapore, at 9pm on Monday,
26th September, according to The Straits Times.“Borders put their goods on sale over the weekend in order to clear stock, and prices were slashed further on the last day of its operations, with items going for $1 a piece in the final hour.
“Books were not the only items for sale to the hundreds of shoppers who visited the store. Shelves, signs and computers at the cashiers' counters were also available for sale,” said the newspaper.
The Orchard Road store at Wheelock Place closed on the 16th of August. The final nail for the Parkway Parade outlet was driven on 21st September when the US company terminated the right of Borders Singapore to use the brand name and gave it 90 days to cease all activities.
All this brings us back to Malaysia. While the bookstores themselves are not in the same danger of closing, there appears to be no reason why the US company will allow them to continue using the brand name. Maybe the letter has already been sent out. Let’s hold our breath and watch!
The Straits Times
