A Singapore-based international bookstore has attracted the attention of local rivals with the soft opening this week of what it says is the largest bookstore in Taiwan.
Page One, established in 1983, made its debut in Taiwan on Monday on the fourth floor of the Taipei 101 Mall. With 720 ping of sales area, the company said it aims to become the largest international mega-bookstore in the country.
PHOTO: GEORGE TSORNG, TAIPEI TIMES
"Taiwan is the place with the most vigorous growth in the world in the Chinese-book-trading market," said Dennis Liu (劉春豪), the bookstore's corporate affairs manager.
The Taipei 101 branch is Page One's 11th store, following expansion to Malaysia, Thailand, Hong Kong and Australia.
The company invested about NT$150 million in the new branch, which will stock 170,000 books in Chinese and 160,000 in English. It is particularly proud of the 20,000 books it will offer on art and design.
"Our huge selection of art and design books is our distinguishing feature from the competitors," Liu said. "The estimated 85,000 highly educated office workers in Taipei 101 will be the target customers for our numerous books in English."
Page One hopes to draw 5,000 visitors daily and expects to create sales of NT$35 million in its first year, Liu said.
Some booklovers praised Page One's interior design and ample space, as well as its plentiful supply of books in English.
"The new and big space is comfortable and the abundant selection of books offered can meet consumers' needs," said Sophia Su, a 30 year-old teacher.
Another customer agreed, saying the rest corners and lighted areas made customers feel respected.
"I think it makes the store more appealing than Eslite (
Eslite Co, the nation's largest bookstore chain with 50 outlets, denied Page One's claim of being Taiwan's largest, or even best, bookstore.
"Our flagship store [at the intersection of Jenai Rd. and Tunhua S. Rd.] measures 1,500 ping and has sales of more than NT$40 million per month," said Lee Yu-hwa (
In addition to the ample art and architecture books which draw lots of artists and architects, Eslite in 1999 started operating 24 hours a day at its flagship store, Lee said.
While welcoming the competition, Eslite said it expected to increase sales to NT$5.2 billion this year from NT$4 billion last year and open up to 10 more outlets.
"Our more than 80,000 loyal members that shop at least three times a month, spending an average of NT$1,000 every time, are our valuable asset and competitive edge," she said.
Sweeping policy changes under US Secretary of Health and Human Services Robert F. Kennedy Jr are having a chilling effect on vaccine makers as anti-vaccine rhetoric has turned into concrete changes in inoculation schedules and recommendations, investors and executives said. The administration of US President Donald Trump has in the past year upended vaccine recommendations, with the country last month ending its longstanding guidance that all children receive inoculations against flu, hepatitis A and other diseases. The unprecedented changes have led to diminished vaccine usage, hurt the investment case for some biotechs, and created a drag that would likely dent revenues and
Global semiconductor stocks advanced yesterday, as comments by Nvidia Corp chief executive officer Jensen Huang (黃仁勳) at Davos, Switzerland, helped reinforce investor enthusiasm for artificial intelligence (AI). Samsung Electronics Co gained as much as 5 percent to an all-time high, helping drive South Korea’s benchmark KOSPI above 5,000 for the first time. That came after the Philadelphia Semiconductor Index rose more than 3 percent to a fresh record on Wednesday, with a boost from Nvidia. The gains came amid broad risk-on trade after US President Donald Trump withdrew his threat of tariffs on some European nations over backing for Greenland. Huang further
Macronix International Co (旺宏), the world’s biggest NOR flash memory supplier, yesterday said it would spend NT$22 billion (US$699.1 million) on capacity expansion this year to increase its production of mid-to-low-density memory chips as the world’s major memorychip suppliers are phasing out the market. The company said its planned capital expenditures are about 11 times higher than the NT$1.8 billion it spent on new facilities and equipment last year. A majority of this year’s outlay would be allocated to step up capacity of multi-level cell (MLC) NAND flash memory chips, which are used in embedded multimedia cards (eMMC), a managed
CULPRITS: Factors that affected the slip included falling global crude oil prices, wait-and-see consumer attitudes due to US tariffs and a different Lunar New Year holiday schedule Taiwan’s retail sales ended a nine-year growth streak last year, slipping 0.2 percent from a year earlier as uncertainty over US tariff policies affected demand for durable goods, data released on Friday by the Ministry of Economic Affairs showed. Last year’s retail sales totaled NT$4.84 trillion (US$153.27 billion), down about NT$9.5 billion, or 0.2 percent, from 2024. Despite the decline, the figure was still the second-highest annual sales total on record. Ministry statistics department deputy head Chen Yu-fang (陳玉芳) said sales of cars, motorcycles and related products, which accounted for 17.4 percent of total retail rales last year, fell NT$68.1 billion, or
RSS