INDIGO CHANGES
September 1st, 2004
BY MONICA DOBIECANADA'S Indigo Books and Music Inc. will reduce its book offerings by a whopping 25% to make room for sales of more gifts and accessories such as jewellery and greeting cards. At the company's annual meeting, CEO Heather Reisman said over the next three or four years the proportion of the retailer's sales commanded by books will be reduced to 60% from its current 85% but that the selection of books "will still be as meaningful."The bookseller will transform its 167 Coles mall stores, which accounts for 21% of sales, into a chain called ...
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