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Indigo Books & Music Inc T.IDG

Consumer Cyclical Specialty Retail
Indigo Books & Music Inc. is a Canada-based book and lifestyle retailer. The Company is engaged in offering an assortment of books, gifts, home, wellness, fashion, paper, baby, and kid’s products. The Company operates retail stores in all ten provinces and one territory in Canada, and also has retail operations in the United States through a wholly owned subsidiary, operating one retail store in Short Hills, New Jersey. The retail network includes 87 superstores under the Indigo and Chapters names, as well as 84 small format stores under the banners Coles and Indigospirit. The Company also offers a marketplace assortment of giftable products, experiences, services, and subscriptions on www.thoughtfull.co. Its Retail operations are integrated with the Company’s digital channels, including the www.indigo.ca Website and the mobile applications, which are extensions of the physical stores and offer customers an expanded assortment of book titles.


TSX:IDG - Post by User

Indigo Books & Music Inc
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  • wheeloffortuneX
Comment by wheeloffortuneon Jul 14, 2020 3:48pm
84 Views
Post# 31267207

RE:Federal wage subsidy to be extended to December

RE:Federal wage subsidy to be extended to DecemberNot eligible.  There has to be a 30%+ drop in sales.  FY Mar 28/20 was a 7.9% drop in sales.  Problem is online sales only makes pennies a sale due to shipping cost and a huge increase in online sales replaced a large decrease in brick and mortar retail sales.  Online sales is a money loser because they don't have an efficient inhouse shipping system like Amazon and have to send using third party couriers, yet their retail prices have to compete with Amazon.  Read report under investor relations: "The Company reported revenue of $957.7 million for its fiscal year ended March 28, 2020. This compares with revenue of $1,046.8 million for the same period last year, a decline of 8.5%. Total comparable sales, including both online sales and comparable retail store sales, decreased by 7.9%." https://www.chapters.indigo.ca/en-ca/investor-relations/financial-news-releases/


mingzhu wrote: https://www.bnnbloomberg.ca/federal-wage-subsidy-to-be-extended-to-december-trudeau-1.1464581

great news for IDG. that is one of 2 catalysts CEO mentioned in interview. Government pay 75% salary.


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