Canada’s Indigo reported first quarter results on Tuesday, with sales rising $4.1 million (CA) to $184.9 million, and a reduced net loss of $9 million, compared to a loss of $14 million a year ago. As in the previous year, “revenue growth was driven by the continued double digit growth of the general merchandise business” with “growth in both paper and electronics.” There was some growth in “the print business” on a same-store basis, too. The superstores had 5.3 percent same-store growth, while the smaller format store comps declined 1 percent, and online grew 18.2 percent, up to $24 million (also with double […]
