National Bookstore, the Philippines' largest retailer of books and school and office supplies, said Monday a "vast majority" of its stores would remain open, as it shut down rumors that it was closing down its big outlets due to the COVID-19 pandemic.
For 80 years, National Bookstore has been a staple for students, educators and parents. Management said it would continue serving customers as they shift to the new normal that relies on distance learning.
A "small number of non-performing locations may be evaluated for closure or downsizing as part of our normal course of business," National Bookstore said in a statement posted on its official Facebook page.
"Despite the significant challenges posed by the COVID-19 pandemic, National Book Store is working tirelessly to adapt to the difficulties posed by the current situation and continue providing every Laking National with books and supplies," it said.
National Bookstore thanked mall operators Robinsons, SM and Ayala for supporting the brand. It is also building up its e-commerce presence via its own website www.nationalbookstore.com and online platforms Lazada and Shoppee.
"Thank you to all our mall partners, banks, suppliers and most significantly our loyal customers for your continuing support during this challenging time," it said.