The ramp-up of Kobo impaired Canadian retailer Indigo’s earnings in their fourth quarter (ending April 3), down $1.4 million (CA) to just $500,000. While the Canadian market has been more stable than the US or the UK, Indigo’s sales suffered in the final quarter as well. Working on a 13-week comparison to the same quarter a year ago, superstore sales fell 2.7 percent and smaller format stores were down 5.8 percent, while online sales declined 3.3 percent. (They reported a 14-week fourth quarter, and a 53-week fiscal year.) CEO Heather Reisman blamed “no blockbuster hit to compete with last year’s […]
