November 9, 2004

That's Canadian for, "Can you loan me twenty dollars until payday? . . .

by

“Indigo Books & Music Inc. widened its quarterly loss by eight per cent Monday as Canada’s biggest bookstore chain was hurt by lower sales,” according to a CBC News wire story. The company reported an $8.2 million loss, or 34 cents per share. CEO Heather Reisman blamed “a new inventory management system.” She explained, “There are inevitable adjustments associated with stabilizing this new inventory management system and the issues are being addressed rapidly. We are looking forward to the medium-term benefits this new tool will provide, from highly targeted inventory for each of our trade areas, to enhanced customer service and lower overall cost of supply chain management.”

Dennis Johnson is the founder of MobyLives, and the co-founder and co-publisher of Melville House.

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