Canadian “book, gift and specialty toy retailer” Indigo reported results for their fiscal third quarter, ending December 31. Sales rose 4.5 percent, or $17.1 million, to $400.3 million (CA) for the quarter, driven by “lifestyle and toy categories” which, as was the case the previous quarter, was “partly offset by the declining trend for adult coloring books.” Total book sales were up 3.8 percent on a same-store basis, with a 3.1 percent increase in superstores. Small-format store comps, however, slid 0.8 percent, as the decline in adult coloring book sales hit the smaller stores more, where the “product mix is focused […]
