As we told you was expected when correcting the NYT’s appraisal of how Indigo is “reinventing bookselling,” the company reported a poor fourth quarter to end a difficult fiscal year on May 28. For the fourth quarter ending March 31, sales of $199 million (CA) were $16.2 million lower, with same-store sales falling 8.7 percent (affected in part by the timing of Easter). The seasonal net loss for the quarter was ($23.8 million), compared to a loss of ($10.7 million) a year ago. For the full year, sales of $1.047 billion were down $32.8 million, or 3 percent. Overall same-store […]
