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.
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: