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  • April 23, 2018

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Get the latest news on e-Books, Audiobooks, Digital Publishing, Manga, Anime and Tablets

Indigo Revenues Increase 12.9%

February 3, 2016 By Michael Kozlowski 2 Comments

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Indigo Books and Music had a great holiday season selling books and the company has just reported that revenue has increased by 12.9%. Sales rose to $383.2 million at the Canadian retailer, while net earnings in the quarter jumped to C$52.8 million.

The chain reported that increases were across all channels and categories. On a comparable store basis, Indigo and Chapters superstores posted 15.5% growth, while Coles and Indigospirit small format stores increased by 13.4%. Sales from Indigo’s online channel, indigo.ca, rose 17.9%. Indigo operated one fewer superstore in the quarter than last year, and four fewer small-format outlets.

As at February 2, 2016, the company operates 90 superstores under the banners Chapters and Indigo and 126 small format stores, under the banners Coles, Indigospirit, SmithBooks, and The Book Company.

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What I find quite surprising about the latest financial report is how far e-book and e-reader revenue has fallen. During the crucial holiday season it looks like overall digital and hardware sales are at record lows.

Michael Kozlowski (7745 Posts)

Michael Kozlowski is the Editor in Chief of Good e-Reader. He has been writing about electronic readers and technology for the last four years. His articles have been picked up by major and local news sources and websites such as the Huffington Post, CNET and more. Michael frequently travels to international events such as IFA, Computex, CES, Book Expo and a myriad of others. If you have any questions about any of his articles, please send Michael Kozlowski an email to michael@goodereader.com

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Filed Under: Bookselling News, Business News

  • Jonah Emery

    I’m actually surprised. I last thought Indigo went in the hole every quarter. But these are some good results especially with heavy competition with Amazon.ca Due to the price increases on eBooks, my Kobo sits dormant. I just buy physical books or go to the Library.

  • Good E-Reader

    For the last few years, Indigo was down. This quarter they made 52.8 million net, whereas in 2014 they made 33.0 million. You can see while e-book sales are down, print is enjoying a resurgence.

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