The Virus In Canadian Publishing

The COVID-19 lockdown, which has caused overall unit sales to drop by 27 percent, places Canadian publishers under huge financial pressure. Indigo’s continued delays in payment could push them to the brink. At the moment, their revenue is largely dependent on shuttered independent bookstores, which are limping by on online orders, Indigo-style diversification into gift sales, and home delivery. Indigo, by contrast, can’t afford to limp by; its shareholders demand a profit. – The Walrus