Following last week’s headline results from Canadian retailer Indigo, their full annual report is out, and you can see in more detail how general merchandise sales are driving the chain’s growth. Actual print sales declined $5 million (CA) during the year, falling less than one percent to $593 million, while ereading revenues were down another $2.4 million, to just $10.1 million. General merchandise added $65 million, growing to $449 million. Print now comprises 55 percent of company sales (down from 58.6 percent), and general merchandise is up to 41.6 percent of sales. The growth was distributed between their superstores — […]
