it made 70% revenue under such conditions:1, complete shutdown of stores from April to mid May
2, 19 stores permanent closure (from 204 to 185)
3, 50-60% staff
4, worst pandemic period
forthcoming positives
1, wage subsidies from receivables to cash
2, rent relelief
3, back to shcool sale ramping up
https://www.chapters.indigo.ca/en-ca/back-to-school/?link-usage=Header%3A%20Back%20to%20School&mc=BacktoSchool&lu=Main
i am very surprised that it even sell sound bar at price $49. i bought a sound bar at bestbuy with $225 recently
4, holiday seasons sale. it makes annual 40% revenue in Q4 (oct to dec). It is very likely to make profit in Q3 with wage subsidies extended to Dec 19
5, earliest covid19 vaccine available is in Oct