Online sales increase slightly in 2013 for Indigo Books & Music, while total sales fall
June 3, 2013 02:24 PM
Overall sales were down for Indigo Books & Music Inc. in the fourth quarter of fiscal 2013 and for the full year, though a slight growth in year-over-year online sales helped the full-year results.
For the year ended March 30, Indigo, No. 218 in the 2013 Internet Retailer Top 500 Guide, reported:
- Online sales of C$91.9 million ($89.2 million), a 0.7% increase from C$91.3 million ($88.6 million) in fiscal 2012.
- Total sales of C$892.5million ($866.5 million), down by 4.4% from C$934.0 million ($906.8 million).
- Superstore sales of $625.4 million ($607.3 million), a 4.7% decrease from C$656.5 million ($637.5 million).
- Small-format stores sales of C$137.2 million ($133.2 million), a decrease of 5.5% from C$145.2 million ($141.0 million).
- Comparable-store sales for Indigo and Chapters superstores declined by 4.6%, and decreased 2.4% for its Coles and IndigoSpirit small-format stores.
- Net income of C$4.3 million ($4.2 million), a 93.5% decrease from C$66.2 million ($64.3 million) in the prior year. Fiscal 2012 income benefited from the sale of Indigo’s Kobo e-reader to Rakuten Inc.
- E-commerce accounted for 10.3% of total sales compared with 9.8% in fiscal 2012.
Indigo redesigned its web site at the end of fiscal 2013, adding a gift finder and integrating social media networks along with improving the visual presentation of categories, it says. The retailer also began offering customers the option of picking up online orders in stores during fiscal 2013.
For the fourth quarter of fiscal 2013, Indigo reported:
- Online sales of C$21.3 million ($20.7 million), no change from the fourth quarter of 2012.
- Total sales of C$184.8 million ($179.5 million), down by 5.7% from C$195.9 million ($190.3 million).
- Comparable-store sales declines of 5.8% for Indigo and Chapters superstores and 5.2% for its Coles and IndigoSpirit small-format stores.
- Net loss of C$8.2 million ($8.0 million), compared with net income of C$125.0 million ($121.5 million) in the prior year. The Kobo sale closed in the fourth quarter of fiscal 2012.
- E-commerce accounted for 11.5% of total sales compared with 10.9% in in the fourth quarter of fiscal 2012.