Indigo Revenue Down 4.9% In Third Quarter

Wednesday 19th June

Indigo Revenue Down 4.9% In Third Quarter

Posted at 8:01AM Thursday 07 Feb 2013

Indigo Books & Music, Canada's largest book retailer, reported a 4.9% drop in net revenue in its third quarter, which ended Dec. 29, 2012, to C$335.6 million, compared to the same quarter last year. The company attributed the decrease to lower e-reader revenues and declining sales of print books as its customers shift to digital reading. A lack of big blockbuster books in the season was also noted.

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