Canada’s dominant bookstore chain Indigo reported results for their fiscal fourth quarter, ending April 2. Sales for the extended 14-week quarter were $220 million (CA), up $34 million from a year ago. On a 13-week, comparable store basis, superstore sales grow 14.7 percent, while small-format stores were up 15.8 percent. Online sales rose 9.8 percent. The net loss for the quarter was $13.4 million, compared to $13.9 million a year ago. General merchandise (including their American Girls boutiques) showed “double-digit growth” during the fiscal year, with books growing by “high single-digits,” particularly “boosted by the trend for adult coloring books.” Sales for the full 53-week fiscal […]
