Canada’s dominant bookseller Indigo reported fiscal first quarter (for the period ending June 28). Sales increased 5.4 percent, to $180.8 million CA, and the net loss of $14.0 million was an improvement upon the $20.9 million lost at the same time a year ago. Indigo largely attributed the quarter’s revenue growth to the launch of American Girl specialty boutiques (with “outstanding” customer response to the first two boutique stores) and the early timing of Easter, the company also noted that book sales grew “for the first time since fiscal 2010.” Same-store sales for the quarter were up 8.3 percent at […]
