Wednesday, July 30th12.7°C
22568
21755

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




Recent Trending




Today's Market
S&P TSX15446.55+1.33
S&P CDNX1016.50-3.35
DJIA16912.11-70.48
Nasdaq4442.698-2.211
S&P 5001969.95-8.96
CDN Dollar0.9184-0.0033
Gold1310.00+6.70
Oil101.38+0.41
Lumber322.20-0.80
Natural Gas3.73-0.017

 
Okanagan Companies
Pacific Safety0.185-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.20+0.05
Cantex0.085+0.02
Anavex Life Sciences0.2675+0.0025
Metalex Ventures0.085+0.005
Russel Metals35.29+0.14
Copper Mountain Mining2.86-0.11
Colorado Resources0.2250.00
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.035+0.015
Mission Ready Services0.155-0.035

 



22769

FEATURED Property
1956032The Ultimate D/T Condo in Kelowna's best building-top floor, HUGE deck, quiet, walk to to beaches and everything!
$490,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Take charge of your debt

Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...


Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Learn to delegate effectively

Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...

_








Member of BC Press Council


22707