Canadian bookseller Indigo reported fiscal second quarter sales on Thursday, showing their continuing and successful conversion from “books and music” to a “cultural department store”: Sales of $224.5 million (CA) were up $7.5 million compared to a year ago, driven by non-book sales. Print sales actually fell $5 million, to $131 million, as general merchandise sales grew $11 million. Print now comprises 58.4 percent of Indigo’s sales, compared to 63.1 percent a year ago. Retail superstore comps increased 2 percent, as small format store comps fell 4 percent — with the print and small-format store weakness blamed on comparisons to last […]
