On Friday, Indigo announced results for the third quarter ended December 26, 2020, with sales of CA$365 million, a decrease of $18 million or 5 percent. The company said the quarter started off showing real growth, but “revenues were challenged by a significant wave of mandated COVID-19 store closures in Manitoba, Ontario and Quebec during the second part of November and December, a critical period of sales.” Print sales for the quarter were $192 million, down $2 million. They represented 52.6 percent of sales, compared to 50.6 percent last year. E-commerce, a small portion of sales, grew 92 percent in […]
