June 1, 2021 / 274 Comments / Current Events

TORONTO — Indigo Books & Music Inc. trimmed its net loss in the fourth quarter as a more than doubling of online sales offset the impact of extensive store closures due to government-mandated lockdowns.

The Toronto-based retailer says it lost $39.5 million for the three months ended April 3, compared with a loss of $171.3 million a year earlier when it took large impairment and deferred tax charges.

Revenues increased 11.7 per cent to $199 million from $178.1 million in the fourth quarter of 2020. 

For the full-year, Indigo lost $57.9 million or $2.09 per share, compared with a loss of $185 million or $6.72 per share in 2020. 

Revenues fell 5.5 per cent to $904.7 million from $957.7 million.

Key markets like Greater Toronto Area were impacted for around six months, including over the holiday period.

“This sustained acceleration in e-commerce presents an extraordinary opportunity for Indigo,” stated CEO Heather Reisman. “The new initiatives we are embarking on, from further assortment expansion to becoming a truly omni-channel retailer, strategically align the business to deliver profitable growth.”

This report by The Canadian Press was first published June 1, 2021.

Companies in this story: (TSX:IDG)

The Canadian Press

The post Indigo trims Q4 net loss as revenues climb with more than doubling of online sales appeared first on 660 NEWS.

274 thoughts on “Indigo trims Q4 net loss as revenues climb with more than doubling of online sales”

  257. cs2 skins betting sites

    I think what you postedwrotesaidthink what you postedtypedsaidbelieve what you postedtypedsaidthink what you postedtypedWhat you postedtyped was very logicala lot of sense. But, what about this?think about this, what if you were to write a killer headlinetitle?content?wrote a catchier title? I ain’t saying your content isn’t good.ain’t saying your content isn’t gooddon’t want to tell you how to run your blog, but what if you added a titlesomethingheadlinetitle that grabbed a person’s attention?maybe get a person’s attention?want more? I mean %BLOG_TITLE% is a little plain. You could peek at Yahoo’s home page and see how they createwrite news headlines to get viewers interested. You might add a video or a related pic or two to get readers interested about what you’ve written. Just my opinion, it could bring your postsblog a little livelier.

    Reply
  264. Теннис онлайн

    Hey there just wanted to give you a quick heads up and let you know a few of the images aren’t loading correctly. I’m not sure why but I think its a linking issue. I’ve tried it in two different browsers and both show the same results.

    Reply
  267. Прогнозы на футбол

    Hey there I am so excited I found your blog page, I really found you by error, while I was searching on Digg for something else, Nonetheless I am here now and would just like to say kudos for a fantastic post and a all round thrilling blog (I also love the theme/design), I dont have time to go through it all at the minute but I have saved it and also added in your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the superb b.

    Reply
  274. Donaldtrabe

    equilibrado dinamico
    Equipos de calibracion: importante para el desempeno estable y eficiente de las maquinarias.

    En el campo de la innovacion contemporanea, donde la rendimiento y la confiabilidad del aparato son de alta relevancia, los aparatos de equilibrado tienen un tarea esencial. Estos aparatos especificos estan concebidos para ajustar y estabilizar elementos giratorias, ya sea en maquinaria industrial, transportes de transporte o incluso en equipos domesticos.

    Para los tecnicos en soporte de dispositivos y los ingenieros, utilizar con equipos de ajuste es crucial para proteger el desempeno uniforme y seguro de cualquier mecanismo giratorio. Gracias a estas opciones avanzadas innovadoras, es posible limitar sustancialmente las vibraciones, el ruido y la carga sobre los cojinetes, mejorando la longevidad de componentes caros.

    Igualmente trascendental es el rol que cumplen los equipos de ajuste en la soporte al consumidor. El asistencia especializado y el mantenimiento permanente usando estos dispositivos permiten brindar soluciones de optima excelencia, aumentando la bienestar de los usuarios.

    Para los propietarios de negocios, la contribucion en estaciones de balanceo y dispositivos puede ser esencial para mejorar la eficiencia y eficiencia de sus dispositivos. Esto es especialmente relevante para los empresarios que dirigen modestas y pequenas negocios, donde cada detalle cuenta.

    Ademas, los equipos de balanceo tienen una gran implementacion en el ambito de la prevencion y el control de estandar. Facilitan encontrar potenciales errores, previniendo intervenciones elevadas y perjuicios a los aparatos. Ademas, los resultados generados de estos sistemas pueden aplicarse para mejorar sistemas y potenciar la presencia en motores de busqueda.

    Las areas de utilizacion de los aparatos de balanceo incluyen multiples sectores, desde la elaboracion de bicicletas hasta el seguimiento ecologico. No afecta si se refiere de enormes fabricaciones productivas o modestos talleres hogarenos, los equipos de ajuste son esenciales para asegurar un funcionamiento productivo y libre de detenciones.

    Reply

Leave a Reply to Mhlydi Cancel Reply

Your email address will not be published. Required fields are marked *