The Globe and Mail reports in its Wednesday edition that on Tuesday, Indigo Books & Music said its net loss widened to $22.4-million or 80 cents a share in the quarter ended Sept. 30. The Globe's Susan Krashinsky Robertson writes that in the same quarter last year Indigo posted a net loss of $15.9-million or 57 cents a share. Indigo has lost money in four out of its past five fiscal years, and more recently experienced significant turnover in its board and executive ranks. Now, Indigo is cutting costs in a number of key business areas. Second quarter revenues amounted to $206.9-million, a 12.4-per-cent decrease compared with the prior year. Sales decreased both in stores and on-line, while price-sensitive customers were most likely to shop during discount promotions, putting pressure on Indigo's profit margins. Chief executive officer Heather Reisman has said that her objective is to increase the share of Indigo's sales that come from books, saying during the recent on-line session that books should make up 65 per cent to 70 per cent of its sales in the future. In the most recent fiscal year, print products made up 51.9 per cent of Indigo's revenues, while general merchandise made up 44.1 per cent of sales.