On Friday, Indigo announced results for the first quarter of fiscal year 2022 ended July 3, with sales of CA$172 million, up from $135 million last year, an increase of 27.4 percent. Print sales for the quarter were $104.6 million, up from $84.1 last year, driven by BookTok’s influence on backlist sales, particularly for teens, bringing a younger audience to their online business. Retail revenue increased 114.8 percent to $90.2 million, driven by store pick-up, which was up almost five times over last year. Online sales were more than three times that of pre-COVID levels. During the quarter, Indigo reopened […]
