Pandora news and archive

Pandora achieves LFL sales growth of 11 percent

In the first quarter, Pandora delivered organic growth of 18 percent which consisted of LFL growth of 11 percent and network expansion of 5 percent. The company’s organic growth guidance is upgraded to 8 to 10 percent against prior outlook of 6 to 9 percent, while the EBIT margin guidance remains unchanged at around 25 percent. Commenting on the...

People

Pandora names new chief commercial officer

Danish jewellery brand Pandora has promoted Massimo Basei to chief commercial officer (COO), effective from April 1. Basei, who is currently chief of retail operations, has been promoted to COO to support Pandora’s growth strategy Phoenix and to drive “operational excellence across Pandora's more than 100 markets,” explained the jewellery brand...

Retail

Pandora plans wide scale retail expansion following ‘strong’ Q4

Jewellery specialist Pandora has unveiled a major retail expansion for the coming year after it reported a strong “growth” period throughout Q4 of 2023. Over 2024, the retailer is planning to open between 75 and 125 concept stores, as well as 25 to 50 owned and operated other points of sale. As such, it forecasted its capital expenditure (CAPEX)...

Business |Jewellery

Pandora reports “strong” growth in Q4 2023

Danish jewellery brand Pandora has reported “strong” trading for the holiday season, as sales in the fourth quarter gained 12 percent to 10.82 billion Danish kroner for the three months ended December 31, 2023. In a statement, Pandora revealed broad-based like-for-like growth in Q4 across all markets. Growth in Europe remained solid at 5...

Fashion |Jewellery

Pandora shifting to recycled silver and gold for all jewellery

Pandora, the world’s largest jewellery brand, is shifting its precious metals supply to only source recycled silver and gold for all its jewellery. In a statement, Pandora said using recycled materials instead of newly mined silver and gold will mean that the jewellery company will avoid 58,000 tons of CO2 every year. The shift means it will...

FashionPress Release

Pandora unveils „BE LOVE,” a new brand campaign that celebrates the transformative power of love

PANDORA announces the new brand platform BE LOVE, launched today with a major global campaign featuring an iconic roster of beloved talents, artists and rising stars. Strongly centered in the belief that Love is a verb and an action, the multi-season campaign presents Love as more than just a feeling – it is something one does, lives, embodies...

RetailFeatured

Top 5 Strategies for Successful Retail 2024: Part 2, Reforming retail channels

In today's ever-evolving retail landscape, balancing immediate hurdles with future growth is crucial for success. High inflation, the lingering effects of the pandemic, and geopolitical tensions present retailers with soaring costs and consumers with financial strains. However, some retailers have flourished amidst these adversities thanks to...

Report

Pandora's results exceed sales and profit forecast

Jewellery brand Pandora reported fourth quarter organic growth of 12 percent, boosted by like-for-like (LFL) growth of 9 percent. With the preliminary and unaudited results exceeding the previously announced guidance, Pandora said, full-year organic growth reached 8 percent, above the previously communicated guidance of 5 percent to 6 percent...

PeoplePress Release

Michaela Coel to be honoured with The Pandora Leader of Change Award

The British Fashion Council (BFC) is thrilled to announce that British-Ghanaian writer, actor and director Michaela Coel, will be honoured with the Pandora Leader of Change Award at The Fashion Awards 2023 (TFA), which will take place on Monday 4th December at the Royal Albert Hall, London. The Award will be presented to her on the night by...

EventPress Release

British Fashion Council reveals trophy design for The Fashion Awards 2023 presented by Pandora

The British Fashion Council (BFC) is delighted to work with stylist, art director and 2022 NEW WAVE: Creative Julie Liu, alongside glass production company World of Glass to create the trophy for The Fashion Awards 2023 presented by Pandora (TFA). TFA, which takes place on Monday 4th December 2023 at the Royal Albert Hall, is organised by the...

EventPress Release

Edward Enninful obe to be honoured with The Trailblazer Award at The Fashion Awards 2023 presented by Pandora

The British Fashion Council (BFC) is delighted to announce that Editor-in-Chief of British Vogue and the European Editorial Director of Vogue, Edward Enninful OBE, will receive the Trailblazer Award for his contribution to the fashion industry at The Fashion Awards 2023 presented by Pandora (TFA), taking place on Monday 4th December at Royal...

Report

Pandora ups full-year forecast as Q3 beats expectations

Jewellery giant Pandora has issued its financial results for Q3, in which it reported a sales growth that defied expectations, therefore leading it to raise its forecast for the year. The Danish company said that it saw an organic growth rate of 11 percent, above the previously anticipated 6 percent, while its like-for-like growth reached 9...