Earlier this week Canada’s dominant bookseller Indigo reported a 8.1 percent decrease in sales of C$171.5 million for the fiscal first quarter ending June 29, with a net loss of C$15 million (far greater than the $5.5 million loss for the same period a year ago.) Indigo attributed the revenue drop to “declining book and eReader sales,” as compared to the last year’s “strong sales of the Fifty Shades and Hunger Games trilogies.” They also closed 8 stores in the intervening year. Superstore sales comps were down 7.1 percent, small-format store comps fell 13.1 percent, and even online sales remained […]
