Indigo Books and Music is the largest bookseller in Canada and the company has zero debt, which is rare. In the last three months of 2017 Indigo reported they had their best financial quarter ever and generated over $433.3 million in sales, which is an 8.2% increase over the same period in 2016. The Canadian chain attributed the sales gain to double-digit growth in its … [Read more...] about Indigo Books and Music is on a Rampage
chapters
Chapters Indigo Increases Sales by 6.8% in Q1 2017
Indigo Books and Music has reported that they have generated $206 million dollars for the first quarter of 2017, which is an increase of 6.8% over the same period last year. This is the 15th straight quarter that the bookseller has been profitable. Total comparable sales, which includes both online sales and comparable store sales, increased by 5.0%. Revenue growth was … [Read more...] about Chapters Indigo Increases Sales by 6.8% in Q1 2017
Chapters Indigo Announces the Best Books of 2016
It is almost the end of the year which means every bookseller and online retailer will be announcing their best books of 2016 lists. This is primarily done to draw attention to books you might have missed during the year, but also serve as a buying guide for the upcoming holidays. Today, Chapters/Indigo has just announced their list and it is spearheaded by by Canadian author … [Read more...] about Chapters Indigo Announces the Best Books of 2016
Canadian and US Bookstore Trends for 2017
The year is half over and we now have a sense on how bookstores, digital publishing and the book selling industry are faring. What are going to be the big trends for 2017? Barnes and Noble Barnes and Noble bookstore sales have remained flat this year, but the company may see more print sales in 2017 due to a few factors. Hastings books is closing 126 stores and Powell’s … [Read more...] about Canadian and US Bookstore Trends for 2017
Chapters Indigo Reports Bookstore Sales Increased 12.5% in 2015
Chapters Indigo has just reported that in 2015 sales grew by 12.5% and online digital channel sales increased more than 15%. The key highlights of their full-year results was the continued strong revenue growth delivering $99 million more than last year despite operating three fewer superstores and four fewer small format stores. On a comparable 52-week basis, total revenue … [Read more...] about Chapters Indigo Reports Bookstore Sales Increased 12.5% in 2015
Indigo Revenues Increase 12.9%
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 … [Read more...] about Indigo Revenues Increase 12.9%
Should Indigo and Barnes & Noble Open Boutique Shops?
Barnes & Noble and Chapters/Indigo operate hundreds of bookstores all over Canada the United States. They tend to think big, large stores with multiple levels in order to provide enough books to keep people interested. The big box approach works for some people, but others want a smaller, more curated experience. Should these booksellers open a series of small boutique … [Read more...] about Should Indigo and Barnes & Noble Open Boutique Shops?
Chapters Plum Points can now be used online
Chapters and Indigo Books are now allowing readers all over Canada to use their Plum rewards points online and within the companies Android and iOS app. What more, is that you can now earn points by buying books online, something you never used to be able to do. The bookseller has also announced that on your birthday you will earn double the points, but you have to opt into … [Read more...] about Chapters Plum Points can now be used online
Chapters Offers Kobo Aura for $99 and Autographed Books
Chapters Indigo, the largest bookstore in Canada has just unveiled their Black Friday campaign. It is being spearheaded by the Kobo Aura, with a massive $40 savings, bringing the total cost to $99. There is also a free sleep cover being thrown into the deal to make this offer even more compelling. The Kobo Aura is likely the best e-reader the company has ever produced. The … [Read more...] about Chapters Offers Kobo Aura for $99 and Autographed Books
Chapters & Indigo Continues the March Towards Financial Disaster
The Canadian bookselling industry is dominated by Chapters Indigo. You can get a good indication on how many people are buying print books by looking at their overall financial profitability. The latest quarterly results are in today and the future looks dark. Chapters and Indigo are on the brink of disaster. The bookseller announced a loss of $10 million last November and a … [Read more...] about Chapters & Indigo Continues the March Towards Financial Disaster
The Beginning of the End for Indigo Books in Canada
Chapters and Indigo has announced another quarterly loss of ten million dollars at a recent investors call. Revenue at Indigo and Chapters superstores declined 2.8% in the quarter, while Coles and IndigoSpirit small format stores were down 8.2%. Online sales increased 3.3% to $18.7-million from $18.1-million for the same period last year. Indigo faces a crisis as the company … [Read more...] about The Beginning of the End for Indigo Books in Canada
Chapters Indigo Launches Online Textbook Shop
Chapters Indigo has formally launched their new online textbook shop. This gives customers a chance to buy or rent textbooks for the upcoming school year. You can buy digital and hardcover copies by searching for the ISBN number and and make a purchase. Indigo has partnered with online company Textbookrental.ca to provide used books for sale or simply rent them for a semester. … [Read more...] about Chapters Indigo Launches Online Textbook Shop