Canadian bookseller Indigo reported results for the fourth quarter ending March 28, with a poor finish to what had already been a transitional year for the company. Fourth quarter sales of $178 million (CA) were down 10.6 percent compared a year ago, falling $21 million. Stores were closed for the last two weeks of the quarter because of the pandemic, and the company said those March school break weeks “historically drove meaningful sales.” They showed a big net loss for the quarter almost equal to sales, of $171.3 million. That loss included non-cash impairment of $56.6 million — of which […]
