|Article Business assigenment
Author: Annabeth24 PM
Please someone help read this and please review. Please It's due Friday and I still need to do another oneRated: Fiction T - English - Words: 253 - Published: 02-09-13 - id: 3099679
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Hi I wrote this as a summary for this article that you can read at .ca/business/indigo-says-sales-of-books-e-readers-down-in-3rd-quarter-1.1144385
Can someone please review it and tell me if I plagiarized or should have it longer. My teacher wants it a page long and in essay form, but I don't know. Can someone also help with spelling and grammar. I still need to work site and everything. Any more tips would be greatly appreciated. Please and thank u
Decreasing book sales and increasing e-book sales are having a large impact on revenue for bookstores such as Indigo and Chapters.
In the first paragraph the author discusses how consumers are shifting from buying physical books to digital books.
That is why physical book sales have decreased from 5%-5.2% in revenue, while online book sales have increased 3.6% from the previous year.
However, gross profit has increased slightly because of "higher margin gift and lifestyle products, lower sales discounts, fewer markdowns, and shipping more products through the Company's distribution centers."
The amount of physical books not being sold is somewhat balanced by the amount of gifts and lifestyle products being sold. Share net earnings have decreased from the previous year 93 cents per dilute share to 86 cents per dilute share.
Compared to the previous year the revenue had decreased to $335.6 million, down from $353 million.
Indigo sold Kobo ink last year because of such low revenue.