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October 30, 2008By Michael Cader

More Reports: Indigo Holds Steady

October 30, 2008By Michael Cader

At Canada’s dominant retailer Indigo, sales for the second quarter fell 2 percent to $205 million (CA), with net earnings “down slightly” at $3.2 million. CEO Heather Reisman says “we were pleased with the bottom line results given today’s challenging economic climate.” Same-store sales rose 2 percent at the Indigo and Chapters superstores, and 7.4 percent at the small-format Coles stores. But online sales decreased 19.8 percent to $21.1 million, attributed entirely (and then some) to the comparison to last year’s numbers for the release of the final Harry Potter Book.Release

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Filed Under: Booksellers, International News

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