Taiwan’s bookstores closing fast due to high rent, shrinking sales

(29 September 2015, Taipei, CNA) The number of bookstores in Taiwan has decreased by nearly a third in the past decade due to high rentals, slim profit margins and declining reading habits among people in the country, the Chinese-language Apple Daily reported Tuesday.

This year alone, several iconic bookstore chains in Taiwan have shut up shop, among them the Singaporean chain store Page One that was located in the Taipei 101 mall.

As of July, the number of bookstores in Taiwan was 2,200, compared with about 3,200 a decade ago, the report said, citing data from the Ministry of Finance.

Focus Taiwan has the story in full by Evelyn Kao.