Canadian retailer Indigo continued to post good results, once again driven by “double-digit growth growth in all areas of the general merchandise business, with exceptional growth in the toy and lifestyle categories.” Sales in their fiscal third quarter ending December 30 rose $33 million, or 8.2 percent, to $433.3 million (CA), a record high quarter, with adjusted EBITDA of 62.5 million, a $6 million increase from the same period last year. Notably, in the holiday quarter they crossed an important threshold and books now comprise less than half of the company’s sales: They accounted for 49.1 percent of sales, down […]
