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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Indigo Books & Music Inc.    IDG   CA45567S1083

INDIGO BOOKS & MUSIC INC.

(IDG)
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Indigo Books & Music : to Temporarily Close All Retail Locations Until March 27, 2020

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03/17/2020 | 06:56pm EDT

TORONTO, March 17, 2020 /CNW/ - Indigo Books & Music Inc. (TSX: IDG) today announced that all of its retail locations will temporarily close at the end of business today until March 27, 2020 in response to the COVID-19 (coronavirus) pandemic. 

"Today, we have made the difficult but appropriate decision to close all our retail locations until March 27th," said Heather Reisman, Indigo CEO. "As this situation continues to evolve, we believe that this temporary shut-down is an opportunity to do our part as members of team Canada to control the spread of COVID-19 and keep our employees, customers and broader community safe."

Indigo is committed to supporting its employees during this challenging period including full pay to those with scheduled shifts.  

At this time, no Indigo employee has tested positive for the virus and there have been no reported cases in Indigo offices, stores or distribution centres. Indigo will continue to be proactive implementing all advice and directives from the Public Health Agency of Canada including work from home for all those who can.  

The Company remains committed to serving customers through indigo.ca.

About Indigo
Indigo Books & Music Inc. is a publicly traded Canadian company listed on the Toronto Stock Exchange (IDG). Indigo is the world's first Cultural Department Store – a physical and digital meeting place inspired by and filled with books, music, art, ideas, beautifully designed lifestyle products. Indigo believes in real books, in living life fully and generously, in being kind to each other and that stories – big and little – connect us.

SOURCE Indigo Books & Music Inc.

© Canada Newswire, source Canada Newswire English


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Financials
Sales 2021 884 M 672 M 672 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 55,6 M 42,4 M 42,3 M
Capi. / Sales 2021 0,06x
Capi. / Sales 2022 0,05x
Nbr of Employees 6 000
Free-Float 42,6%
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Technical analysis trends INDIGO BOOKS & MUSIC INC.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 1
Average target price 2,70 CAD
Last Close Price 2,04 CAD
Spread / Highest target 32,4%
Spread / Average Target 32,4%
Spread / Lowest Target 32,4%
Managers
NameTitle
Heather M. Reisman Chairman & Chief Executive Officer
Kirsten Chapman President
Gildave Dennis Chief Operating Officer
Craig Loudon Chief Financial Officer & EVP-Supply Chain
Bahman Parizadeh Chief Technology Officer & EVP
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