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Old 12th July 2010, 08:20 AM   #1 (permalink)
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Blogshops today, close shops tomorrow

Blogshops today, close shops tomorrow

Sudden closure of Best of Blogshops at Far East Plaza leaves tenants high and dry

By Geraldine Yeo
July 08, 2010


A year ago, they were featured in newspapers and magazines because of their innovative business model.

But today, the couple are wanted by their tenants – who claimed that they have disappeared with their rentals and deposits.

Mr Ang Chuang Yang and Ms Tsai Siha's business plan was simple: Rent a shop space, then sublet the store racks to online shops – or blogshops – to physically display and sell their items beyond cyberspace.

The couple, both 20, were so successful that their first shop – which opened at Far East Plaza in July last year – expanded to three as of April. The other two units were also in Far East Plaza.

All three stores, called Best of Blogshops, sold clothes, jewellery and accessories for women imported from countries like Hong Kong and Thailand.

It charged an average of $600 a month for a clothes rack that could hold up to 25 pieces of clothing. The shop also collected an additional 20 per cent commission on all sales at the end of every month, claimed tenants The New Paper spoke to.

But since April, the shops have suddenly closed, leaving more than 20 tenants high and dry. Collectively, they have since lodged a police report, which a police spokesman confirmed with The New Paper.

Four tenants The New Paper spoke to claimed their losses amounted to $13,200 in total.

Source: http://tnp.sg/news/story/0,4136,2481...26340,00.html?

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Old 12th July 2010, 08:48 AM   #2 (permalink)
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Re: Blogshops today, close shops tomorrow

pro businessman also mean they are pro runner

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