For their fiscal first quarter ending July 2, Indigo reported sales of C$202 million, down 1.1 percent from a year ago, with an EBITDA loss of C$19.9 million (compared to a loss of just $800,000 a year ago). Physical book sales fell, as superstore comps dropped 5.4 per cent in the quarter, while their smaller-format stores were down 5.2 per cent. They also took a $3.2 million charge for their annual summer clearance sales of unsold books and other merchandise. The company’s digital business increased by 170 percent compared to last year, helped by the June launch of the Kobo Touch […]
