Booksale closes some branches while planning new initiatives in the Philippines

Booksale, a popular bookstore chain in the Philippines, is closing some branches but plans to introduce new initiatives. CEO Josh Sison stated this change is part of an "exciting new chapter" for the company. Founded in 1980, Booksale grew from a small operation to the largest source of bargain books in the country. The chain faced challenges during the pandemic, including disrupted shipments and increased prices. Despite the closures, Booksale is expanding its online presence and remains committed to making reading affordable. Specific details about the closed locations have not been disclosed.