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Pandora’s monthly sell-out figures up 7% despite a quarter of stores being out of action

Pandora store

Jewellery giant Pandora has revealed that its financial performance has been improving year-on-year, despite the effects of the pandemic.

For the month of February, organic growth was 12% and total sell-out growth was 7% compared to February 2020. This translates into a quarter to date organic growth of 4% and total sell-out growth of 1%.

This is despite around 25% of the Copenhagen-headquartered manufacturer, designer and retailer’s stores being closed in February.

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Compared to February 2019, organic growth was 10% but total sell-out volume fell 2%, its latest report added.

The company stated: “Pandora is pleased with the performance so far in 2021. Considering that 25-30% of the stores were closed during January and February, the underlying trading continues to indicate that sell-out is stabilising or growing.”

Professional Jeweller recently spoke with Pandora UK’s managing director, Kate Walsh, about her time in the industry so far. Read more below:

WOMEN TO WATCH: Kate Walsh, Pandora

Tags : financialPandora
Sam Lewis

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