Canadian chain Indigo continues to post good results, driven by their transformation to “cultural department stores.” Sales in their fiscal 2018 first quarter rose $13 million to $206 million (CA), with adjusted EBITDA of $100,000, compared to a loss of $6.1 million a year ago. The overall loss was $7.2 million, compared to a loss of $8.8 million a year ago. As in the past quarters, “higher revenue was driven by continued double-digit growth in general merchandise, particularly in the lifestyle, toy, and paper categories.” They say there was also “modest growth” in book sale, though according to the company’s […]
