Second quarter sales at Canada’s Indigo rose by $1.7 million to $207 million (Canadian), driven by the opening of four new stores, as same-store superstore sales fell by 0.9 percent. Online sales continued to decline, down over 5 percent at $20 million, and net earnings fell by $1 million, to $2.2 million. CEO Heather Reisman said that their “operating investment” in the Shortcovers initiative has been a drag on earnings–and it’s not clear from their reported results that it is generating any meaningful revenue. Reisman added, “We are satisfied with our results through what has proven to be a very […]
