Canada’s dominant bookseller Indigo reported fiscal fourth quarter sales (for the period ending March 29, 2014). Sales nudged up marginally, at $184.3 million CA, but the net loss of $14.4 million was much higher than the loss of $8.2 million a year ago. Those “higher expenses were primarily driven by investments made in relation to the company’s ongoing transformational strategy.” Online sales increased by $2.8 million, or 13.1 percent in the quarter, and same-store sales were up 1.4 percent in their superstores, but fell 3.1 percent in the small-format stores. In a note opening the annual report, ceo Heather Reisman […]
