Behind Booktopia’s demise and what it says about the future of indie bookstores
Inside Retail
JULY 15, 2024
In a mass redundancy, Booktopia has terminated 165 staff members, with only 18 left to manage the retailer’s collapse. Booktopia’s over-capitalisation in logistics and fulfilment consumed the majority of its cash flow – areas that added little value to its customers’ shopping experience. “It’s
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