Indigo reported third quarter revenue just below flat for the 13 weeks ending December 29, 2018, with sales of $426 (CA) million compared to $433.3 million for the same period last year, a decrease of 1.7 percent. Comparable superstore sales were flat, with small format store comps up 2.8 percent, as online sales declined by $1.5 million, to $75 million overall. The company billed the results as “satisfying” given the challenges during and leading into the period: A strike at Canada Post, a delayed renovation schedule, the closure of two low-performing stores, an increase in the minimum wage, plus an accounting […]
