Indigo released second quarter results for the period ended September 29. Revenue was $216.3 million (CA), a decrease of $8.3 million, “driven by the closure of a few low performing stores and renovations in 12 stores as the Company continues to transform its retail operations.” They closed two stores in the quarter, one of which is being relocated. Comparable retail superstore sales for the quarter decreased 1.4 percent, driven by softer store traffic, while small format store comp sales increased 3.1 percent. Meanwhile, the net loss increased measurably, at $19.1 million ($.70 per share) compared to a net loss of […]
