Indigo is closing all of their bookstores across Canada until March 27th at the soonest, although the bookseller says it will likely extend the closure. “The health and safety of our families, employees, customers, and communities has always been our top priority,” said Heather Reisman, CEO of Indigo Books & Music, in a statement. “As this situation continues to evolve, we … [Read more...] about Indigo is closing all of their Canadian Bookstores
Indigo
Indigo Books is launching Plum Plus subscription program
Indigo Books and Music is the largest bookselling chain in Canada and they are launching a new $39 per year subscription program for Plum Members, called Plum Plus. Plus subscribers will have access to several perks, including free shipping, a 10% discount on almost everything at Indigo, Chapters, Indigospirit and Coles stores, and VIP access to promotions and events. The … [Read more...] about Indigo Books is launching Plum Plus subscription program
Indigo Books experiences a decline in revenue
Indigo is the largest bookseller in Canada and the Toronto-based company says its revenue totalled $192.6 million for the period ended June 29, down $12.8 million from $205.4 million for the same quarter the previous year. Comparable sales, including stores and e-commerce, fell 7.6 per cent. Indigo stated that the reasons why revenue was down due to too many promotions and … [Read more...] about Indigo Books experiences a decline in revenue
Indigo and Kobo sign a new agreement for audiobooks
Indigo Books and Music does not sell digital audiobooks, but they have been selling tapes and CD's for the past 15 years. They currently has an assortment of 387 unique physical audiobooks across its retail chain, with about average of 100 unique physical audiobooks in each large format store. The Canadian bookseller cannot ignore the rise of digital audiobooks and they have … [Read more...] about Indigo and Kobo sign a new agreement for audiobooks
Indigo Books and Music reports a $36.8 million dollar loss in 2018
Indigo Books and Music has reported a loss of $36.8 million dollars in 2018, whereas in 2017 they generated $22.0 million in profit. Total comparable sales, including both online sales and comparable store sales, decreased by 1.1%. One of the big reasons why the largest bookselling chain in Canada suffered a loss was because of major store renovations, relocations, store … [Read more...] about Indigo Books and Music reports a $36.8 million dollar loss in 2018
Indigo Books and Music is not selling Kobo e-readers in the US
Indigo Books and Music is the largest bookstore chain in Canada and last month they opened up their first US location in the Mall at Short Hills in New Jersey. The company has officially confirmed to Good e-Reader that they are not selling Kobo e-readers or Kobo products in their US store. They also said they had no plans to do so when they open other stores in 2019. One of … [Read more...] about Indigo Books and Music is not selling Kobo e-readers in the US
Indigo Reco has been a Dismal Failure
Indigo Books and Music released a social community and book discovery app in 2016 called Reco for iOS. Reco allows you to develop your own book lists for titles you are currently reading and want to read and then share it via social media. Your lists are not just limited to print either, but you can also include ebooks and audiobooks. The app has not been updated late 2016 and … [Read more...] about Indigo Reco has been a Dismal Failure
Indigo Books and Music is on a Rampage
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
Canadian Print Book Sales Decline in 2017
Canadian book sales declined 4% in 2017 and this is primarily due to consumers continuing to purchase audiobooks and ebooks in greater numbers. Overall, Canadian book buyers purchased 51.5 million print books for just over $1 billion in 2017. Of these, 40% were Juvenile (including Young Adult), 32% were Non-Fiction, and 26% were Fiction, which shows minor gains for Juvenile at … [Read more...] about Canadian Print Book Sales Decline in 2017
Indigo Books and Music will open their first US Bookstore in 2018
The largest bookseller in Canada has announced that they will be opening up their first US retail location in the summer of 2018. Indigo Books and Music has selected the Mall at Short Hills in New Jersey as their entry point, which is the old Saks store. Indigo plans on opening an additional four to five stores within the next two years and if all goes well, they will expand … [Read more...] about Indigo Books and Music will open their first US Bookstore in 2018
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 Remains Profitable
The largest bookstore in Canada is doing quite well and they have zero debt. Earlier in the month Indigo Books and Music released their financial data for the past year and they reported that total revenue increased by $26 million or 2.6% compared to the previous year which was a 53-week reporting period. On a 52-week basis, total comparable sales, including both online sales … [Read more...] about Chapters Indigo Remains Profitable
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
Indigo is Planning to Renovate Nearly Every Bookstore
Chapters Indigo are planning on renovating almost every single bookstore in Canada within the next two years. The bookseller is pleased with their new Sherway Gardens location in Toronto and it is basically billed as a cultural department store. Indigo now plans on adopting this model in almost every major market in Canada. The Sherway Gardens location is a new concept store … [Read more...] about Indigo is Planning to Renovate Nearly Every Bookstore