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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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  • mingzhuX
Post by mingzhuon Jul 15, 2020 2:28pm
131 Views
Post# 31271988

IDO lost 84% revenue in lockdown(16% online)

IDO lost 84% revenue in lockdown(16% online)30% loss of revenue was not based on previous Q (Jan-March) but from April onward. If it were, 99.9 % busienes were not eligible. How could your business lost 30% revenue in 10 days lockdown  in  march? supposed IDG still has earned revenue over 70% since April, and could not have 75% wage subsidies That is even better. IDG fired 59k emplyees in march and hired back 27k. It could even make profit with 45% employees with 0 salary of CEO and all excecutives salary cut. 
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