Canadian “book, gift and specialty toy retailer” Indigo reported results for their fiscal first quarter, ending July 2. Sales rose 4.4 percent, or $8.2 million, to $193.1 million for the quarter, “driven mainly by the continued double digit growth of key general merchandise categories.” Book sales were up on a same-store basis, but flat overall because they operated one less superstore and three fewer small-format stores than a year ago. Online sales rose 3.8 percent, to $24.9 million. Their net loss was the same, at $9 million. Since a year ago, general merchandise has grown to 34.1 percent of sales (from 30.6 percent) as print has ebbed […]
