Wednesday, August 20th17.6°C
22938
22588

Indigo's core business still remains books, says CEO Heather Reisman

TORONTO - The head of Indigo Books and Music Inc., and its self-proclaimed chief booklover, believes there will always be a market for the written word — on paper, and bound between covers.

Chief executive Heather Reisman says Indigo (TSX:IDG) may be the "only people on the planet" who are still investing in bookshelves at their stores and has no plans to cut back on any titles.

Canada's largest book, gift and specialty toy retail chain, is counting on the popularity of digital books to wane.

Reisman made the comments following the company's annual general meeting and said that unlike music, newspapers and magazines, which have lost a huge proportion of marketshare to digital options over the past few years, paper books still hold mass appeal.

Even so, the company is hoping to complete its five-year transformation to become the "world's first cultural department store" by 2015.

Some of these changes have already taken hold, as the stores continue to expand their gift sections with candles, soaps and jewelry, and educational toys. The company has also opened Apple kiosks and American Girl doll boutiques inside its stores, in hopes of drawing in more customers.

The bookseller has been struggling with sales amid intense competition from mass merchants,, such as Walmart and Target, and, more notably, online giants like Amazon.

The Canadian Press


Read more Business News

21297


Recent Trending




Today's Market
S&P TSX15561.95+84.78
S&P CDNX996.70-0.86
DJIA16979.1359.54
Nasdaq4526.482-1.032
S&P 5001986.51+4.91
CDN Dollar0.9105-0.001
Gold1285.00-8.40
Oil96.30+1.82
Lumber356.30+1.30
Natural Gas3.856+0.033

 
Okanagan Companies
Pacific Safety0.18-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.21+0.01
Cantex0.065-0.005
Anavex Life Sciences0.260.00
Metalex Ventures0.0850.00
Russel Metals37.45+0.23
Copper Mountain Mining2.92+0.15
Colorado Resources0.185+0.015
ReliaBrand Inc0.085+0.008
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.23+0.03

 



22870

FEATURED Property
1998795102-2377 Shannon Woods Drive
2 bedrooms 2 baths
$265,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Cost of an Injury Lawyer

Let’s face it; nobody wants to pay for legal services if they do not have to, but if you have been injured in an accident you may have thought about hiring a lawyer to help you navigate your cla...


Going home to a bully!

Finally, after three months in New Brunswick, I am back home in the sunny Okanagan. It is a delight to be home and the lake, vistas, people and climate never disappoint. Like many people however, I...


Managing a business in 40 hours a week

My screen printing business, like many others, started as a one-man operation. It was located in a small building, not much better than a shack, with a telephone, a big table where I ate lunch and (oc...

_








Member of BC Press Council


22267