Publishers Blindsided By Indigo Books 25% Increase In Co-Op Fees
Indigo Books & Music has begun informing suppliers about new changes to its co-op program. According to sources contacted by Indigo, the retail chain has raised co-op fees from 4 to 5 per cent for books sold online or in its brick-and-mortar stores – an increase of 25 per cent. The new model took effect April 1, though many in the publishing community are only learning of the changes now.
Indigo did not respond to a request for comment on Monday. In a recent email addressed to publishers and distributors (and obtained by Q&Q), Indigo vice-president for adult trade Bahram Olfati explains that the increase in co-op fees “is brought about after extensive market tests in several key stores.”