It's good to learn that Canada's dominant bookstore chain, Indigo has announced it will re-focus on books and is redesigning its stores to emphasis the company's role as a bookseller - in part by expanding 40% discounts to the top selling 100 titles - a practice that echoes the strategy of Barnes & Nobel from the early 1990s when the company was in an aggressive expansion mode.
US bookstores may soon face competition from their northern neighbor. Indigo Books & Music, Canada's biggest bookstore chain, was one of North America's only big-box chain bookstores that survived the threats posed by e-reading and Amazon. Now, Indigo says it wants to expand in the US.
That's according to Chief Executive Officer Heather Reisman, who spoke withBloomberg in an article published Tuesday. "I want the stock back up at 20 and beyond, that's my ambition: make this thrive and then take it outside the country," Ms. Reisman told Bloomberg.