High rents spell trouble for Shanghai bookstores
26/11/2008 11:04
Liang Yiwen and Tom Qian/Shanghai Daily news
Bookstores in the city are being hit by high rents and falling sales due to
competition from online retailers, meaning many of Shanghai's largest book
retailers may shut down.
One of the largest bookstores in the city
closed its doors on Monday. A notice stating: "Store closed for inventory check"
was posted at the entrance of Dragon Books, located in the Cloud Nine Shopping
Mall near Zhongshan Park.
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