Canada’s Indigo reported sales of $179 million for their fiscal second quarter (ending September 28), down 3.3 percent overall, and a bigger net loss of $10 million, compared to $4 million a year ago. Same-store superstore sales were down 2.8 percent, while comps at their smaller-format stores declined 8.2 percent. Modest online sales of $18.7 million were $600,000 higher than a year ago. The company says it is happily undergoing to a transition to a broader type of retailer. CEO Heather Reisman tells shareholders, “We have developed a bold vision to become a booklovers’ lifestyle company — optimizing our core […]
