Heather Reisman, CEO of Indigo Books and Music
Canada's Indigo Confirms Plans to Enter the U.S. Market
Most Chapters and Indigo stores include a Starbucks cafe inside. This does not include Coles and IndigoSpirit stores. As of July 1, , the company operated 86 superstores under the banners Chapters and Indigo and small format stores, under the banners Coles, Indigospirit, and The Book Company. After a series of mergers and acquisitions in the Canadian bookstore industry, Indigo, founded by Heather Reisman , stands as Canada's last remaining national bookstore chain. In late , announcements were made to expand to the United States , starting with a location in The Mall at Short Hills. With financing from Onex Corporation, Indigo bought Chapters , their largest Canadian competitor, in and continues to operate many stores under the Chapters banner. Indigo also gained the ownership of the Coles chain of small-format bookstores, which was also owned by Chapters.
Indigo is expanding to the United States with its new model for how a big bookstore chain can thrive in the era of online retail. By Alexandra Alter. Atwood inadvertently gave her an idea for a new product. Atwood announced that she planned to go home, put on a pair of cozy socks and curl up with a book. Reisman thought about how appealing that sounded. Over the last few years, Indigo has designed dozens of other products, including beach mats, scented candles, inspirational wall art, Mason jars, crystal pillars, bento lunchboxes, herb growing kits, copper cheese knife sets, stemless champagne flutes, throw pillows and scarves.
The store will occupy a 30, sq. Results from Indigo's existing stores in Canada continued to be generally positive. Revenue for the quarter ended September 30, was up 3. Comparable store sales were up 2. The company credited the rise in revenue, in particular, to strong growth in sales of toys and lifestyle items.