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
Indigo
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
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
Indigo Books Launches a New App called Reco
Indigo Books has just launched a new app for iOS that allows you to share, discover, capture, and discuss the books you love with friends and trusted experts. Reco allows you to develop your own booklists 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 … [Read more...] about Indigo Books Launches a New App called Reco
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
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
Indigo Flounders as Tech and Lifestyle Gambit Fails
Indigo bet big in 2013 with their gravitational shift from selling books to peddling pillows, wine glasses and gourmet chocolate. They also devoted significant square footage in each store to Indigo Tech and made agreements with Apple, Beats and companies involved in wearables. The gambit has failed, as the largest bookseller in Canada posted a loss of over 31 million dollars … [Read more...] about Indigo Flounders as Tech and Lifestyle Gambit Fails