{"id":5480,"date":"2020-03-23T08:19:12","date_gmt":"2020-03-23T00:19:12","guid":{"rendered":"https:\/\/sg.everydayonsales.com\/news\/?p=5480"},"modified":"2020-03-23T08:19:12","modified_gmt":"2020-03-23T00:19:12","slug":"leading-singaporean-bookstore-chain-popular-closes-all-its-branches-not-in-singapore","status":"publish","type":"post","link":"https:\/\/sg.everydayonsales.com\/news\/5480\/leading-singaporean-bookstore-chain-popular-closes-all-its-branches-not-in-singapore\/","title":{"rendered":"Leading Singaporean Bookstore Chain Popular Closes All It&#8217;s Branches &#8211; Not in Singapore"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-5482\" src=\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/03\/popular_bookstore.jpg\" alt=\"\" width=\"799\" height=\"451\" srcset=\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/03\/popular_bookstore.jpg 799w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/03\/popular_bookstore-300x169.jpg 300w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/03\/popular_bookstore-768x434.jpg 768w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/03\/popular_bookstore-585x330.jpg 585w\" sizes=\"(max-width: 799px) 100vw, 799px\" \/>Some fun facts on Popular &#8211; This is a famous bookstore chain and it has more then 40 years of business in Hong Kong, Singapore\u2019s. Another fact is that Popular has closed all its 16 branches across the Hong Kong city amid a retail market slump.<\/p>\n<p>Critic has said that the shutdown of Popular bookstores should serve as a wake-up call for other leading bookstore chains in Hong Kong to rethink their operation models, saying most of the city\u2019s bookstores were old-fashioned and out of touch with Hongkongers\u2019 pace of the pursuit of knowledge.<\/p>\n<p>On last Wednesday (18 March), Singapore-based Popular Holdings announced \u201crestructuring\u201d of its Hong Kong business by closing all its 16 bookstores, amid \u201cthe continuing downturn in the book retail market\u201d.<\/p>\n<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-5481\" src=\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/03\/621204cf62e4444d74c48111a0ad3866.jpg\" alt=\"\" width=\"950\" height=\"550\" srcset=\"https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/03\/621204cf62e4444d74c48111a0ad3866.jpg 950w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/03\/621204cf62e4444d74c48111a0ad3866-300x174.jpg 300w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/03\/621204cf62e4444d74c48111a0ad3866-768x445.jpg 768w, https:\/\/sg.everydayonsales.com\/news\/wp-content\/uploads\/2020\/03\/621204cf62e4444d74c48111a0ad3866-585x339.jpg 585w\" sizes=\"(max-width: 950px) 100vw, 950px\" \/>Good new is that the book company said it would still continue its non-retail business in Hong Kong, with a focus on educational publishing, e-learning, and educational services. \u201cThe group\u2019s mission in promoting education remains unchanged,\u201d the spokesman said.<\/p>\n<p>Guess times are bad and it&#8217;s not looking great. Even a 40 years old book store chain needs to be closed down.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some fun facts on Popular &#8211; This is a famous bookstore chain and it&hellip;<\/p>\n","protected":false},"author":2,"featured_media":5482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[21],"tags":[854],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Leading Singaporean Bookstore Chain Popular Closes All It&#039;s Branches - Not in Singapore - Singapore EverydayOnSales News<\/title>\n<meta name=\"description\" content=\"Leading Singaporean Bookstore Chain Popular Closes All It&#039;s Branches - Not in Singapore. 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