Indigo Books and Music
Indigo Books & Music Inc., known as "Indigo" and stylized "!ndigo", is Canada's only major English-language bookstore chain. It is Canada's largest book, gift, and specialty toy retailer, operating stores in all ten provinces and one territory, and through a website offering a selection of books, toys, home décor, stationery, and gifts. Most Chapters and Indigo stores include a Starbucks café inside. As of 2022, Indigo has started selling music (vinyl, CDs), and select audio equipment (headphones, turntables).
| Company type | Public |
|---|---|
Traded as | TSX: IDG |
| Industry | Bookselling |
| Founded | 1996 |
| Founder | Heather Reisman |
| Headquarters | Toronto, Ontario , |
Number of locations | 61 (Indigo) 31 (Chapters) 63 (Coles) 17 (IndigoSpirit) |
Key people | Heather Reisman (CEO) Hugues Simard (CFO) |
| Revenue | $1.079 billion CDN (2017) |
| $25 million CDN (2017) | |
Net income | $21.8 million CDN (2017) |
| Total assets | $633.6 million CDN (2017) |
| Owner | Gerry Schwartz(Controlling Shareholder) |
Number of employees | 7,000 (2017), |
| Divisions | Chapters Coles Books !ndigoSpirit !ndigokids !ndigotech |
| Website | indigo.ca |
At the end of its fiscal year in March 2018, the company reported a record annual revenue surpassing CAD $1 billion. As of July 1, 2017, the company operated 86 superstores under the banners Chapters and Indigo and 123 small format stores, under the banners Coles, Indigospirit, and The Book Company. Indigo is headquartered in Toronto, Ontario and employed more than 7,000 people throughout Canada.
After a series of mergers and acquisitions in the Canadian bookstore industry, Indigo stands as Canada's last remaining national bookstore chain. In late 2017, announcements were made to expand to the United States, starting with a location in The Mall at Short Hills in Millburn, New Jersey.