Login  |  Register          Free Newsletter Subscription
Email
Print
Reprint
Learn RSS

Lower Prices Limit Indigo Growth

by Joshua Kerbel -- Publishers Weekly, 1/30/2008 3:25:00 PM

On the heels of a Christmas season marked by a soaring Canadian dollar, significant retail price discounting and a lack of blockbuster mega hits, Indigo Books & Music reported small gains in revenue and earnings for the third quarter, ending December 29, 2007.

Across the board, total revenue for the quarter increased by 0.7% compared to last year, reaching C$322.6 million, with Indigo and Chapters superstores posting 0.6% growth. Sales at Coles small format sales were down 1.7%, and online sales grew 8.0% to C$30.9 million. Overall, the company's pre-tax quarterly earnings rose C$0.6 million to C$41.6 million for the same period last year. For the first nine months of the year, total revenue has increased 6.5% to C$716.6 million with net income of C$49.7 million.

Email
Print
Reprint
Learn RSS

Talkback

We would love your feedback!

Post a comment

» VIEW ALL TALKBACK THREADS

Related Content

Related Content

 

By This Author

PW PARTNERS




 
Advertisement

More Content

  • Blogs
  • Podcasts
  • Photos

Blogs

  • Kevin Howell
    Notes From the Bookroom

    September 13, 2007
    Worst...Book...Ever: Everything You Always Wanted to Know About Sex
    Try as I might to stay out of the tabloid muck that has infested general news coverage (will the rai...
    More
  • Alison Morris
    ShelfTalker: A Children's Bookseller's Blog

    August 13, 2007
    Authors' Expectations Eclipsed By Stephenie Meyer
    I propose a moment of silent sympathy for the writers of the world, in the face of what's been a rat...
    More
  • » VIEW ALL BLOGS RSS

Photos

Advertisements






NEWSLETTERS
Click on a title below to learn more.

PW Daily
Religion BookLine
Children's Bookshelf
PW Comics Week
©2008 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Use of this Web site is subject to its Terms of Use | Privacy Policy
Please visit these other Reed Business sites