Third Quarter Web Sales Rise 27% At Indigo Books

Indigo Books & Music Inc. is reporting a gain of 27.2% in web sales for the third quarter. For the quarter, Indigo posted web sales of $30.9 million vs. $24.3 million in Q3 2007. The sales figures are in U.S. dollars. In Canadian dollars, web sales rose by 8.4% to $31 million from $28.6 million in the third quarter of fiscal 2007.

In U.S. dollars, the web represented 12% of total sales of $261.6 million. In Canadian currency, Indigo, No. 140 in the Internet Retailer Top 500 Guide, posted third quarter net earnings of $49.2 million on revenue of $322.6 million, compared with net earnings of $40.9 million on sales of $320.5 million in the prior year.

[Full Story at Internet Retailer]