Danish jewellery manufacturer and retailer Pandora reports a strong year for 2017 despite seeing market challenges.
Pandora's Group sales increased by 12 per cent last year to DKK22.7 billion (US$3.7 billion) with revenue from Pandora-owned retail growing 42 per cent over the past year. Like-for-like sales-out grew the brand’s concept stores by 11 per cent.
Within the Asia Pacific region, Pandora Sales increased by 25 per cent. Pandora saw from their popular charms and bracalets increase by 8 per cent. Jewellery brand development remains on-going with combined revenue from rings, earrings and necklaces, and pendants increasing by 28 per cent for the past year. These three categories represented 26 per cent of group revenue compared to 23 per cent in 2016.
CEO Anders Colding Friis describes the year as “challenging and eventful”, adding that he believed revenue was driven by a strong performance from Pandora-owned retail, and double-digit growth in local currency across all product categories.
Fix8 Systems has been collaborating with Danish Jewellery manufacturer, Pandora, to find suspension solutions for their interior retail storefront advertisements across Australia.
Pandora uses our Ceiling tracks, gliders and cables to suspend advertising materials. Our discreet, yet effective products offer easy suspension solutions to their elegant and modern retail setting and allows for interchangeable materials as our products are German engineered and built to last. As Pandora’s business is expanding, Fix8 Systems keeps working closely with their team for advertisement solutions across their new locations.
We’re proud to see our products in such a fast growing and successful store!
Excerpt taken from: https://www.insideretail.com.au/news/pandora-sales-shine-in-challenging-year-201802
Photographer: Joel Coleman