The bookstore chain—which recently announced a transformation plan with scant details—said it laid off an unspecified amount of workers Thursday, as first reported by The Canadian Press. Spokesperson Melissa Perri confirmed the cuts to The Logic, saying it is part of Indigo’s refocusing on its bookseller roots, but declined to answer questions seeking more details. (The Canadian Press, The Logic)
Talking point: Heather Reisman, who returned as CEO in September after a weeks-long retirement, has said putting books front and centre will bring the retailer back into the black, and that Indigo strayed from its mission by selling products such as vibrators and expensive barbecues. The company has struggled financially, most recently from a ransomware attack that temporarily prevented it from making sales. In its most recent quarter that ended Sept. 30, 2023, Indigo reported lower revenue and a higher net loss compared to the same time last year—though, like many retailers, it cautioned from reading too much into the company’s performance ahead of the holiday season.