Canada’s Indigo — the country’s “largest book, gift and specialty toy retailer” — reported results for the quarter ending December 27, with sales rising 2 percent to $339 million (CA), and adjusted EBITDA increasing $8 million to $41 million. Same-store sales were up 5.5 percent at their superstores and down marginally in their smaller format stores, while online sales rose 10.6 percent, to $46 million. The improvements were driven by the company’s expanding merchandise sales, with “continued double digit growth in lifestyle, paper and toys, including the highly successful American Girls” boutiques. The company insists that “the core trade books […]
