First quarter results of Canada’s biggest bookseller–or “largest book, gift and specialty toy retailer” as they now describe themselves–Indigo carry an echo of what Barnes & Noble faces right. Same-store sales at their superstores rose by 1.5 percent, while smaller-store comps declined just 0.7 percent and overall sales of $204.3 million (CA) were up $10.7 million or 5.5 percent from a year ago. But their online sales remain flat in the face of Amazon’s growing strength in Canada and the net loss more than doubled, from $2.3 million to $5.3 million. CEO Heather Reisman says “the increased loss is not […]
