Pandora still booming

Jewellery giant expects to open 375 new stores this year

Aug 11, 2015

Money continues to pour into the coffers at jewellery colossus Pandora. Newly released financial figures for the first six months of the year show the company adjusting its projected turnover for 2015 up to 16 billion kroner – 1 billion kroner more than anticipated.

In the second quarter alone, Pandora’s net profit was 910 million kroner, compared to 662 million kroner in the second quarter of 2014.

The company attributed the growth to increased revenue and favourable exchange rates.

Revenue in the Americas rose by nearly 44 percent, sales in Europe increased by 38 percent, and revenue in Asia Pacific grew by just over 44 percent when measured in Danish kroner.

Overall, turnover was up 41.4 percent when measured in Danish kroner, or about 25 percent when measured in the local currencies of the store’s location.

Specialty shops the key
The company’s concept stores contributed significantly to the increased turnover – sales in those specialty shops increased by 54.7 percent and amounted to 59.3 percent of total revenue.

Pandora plans to continue the expansion of its store network and now expects to add more than 375 new concept stores in 2015, up from its previous forecast of 325.

TOP STORIES

Young Copenhageners supply study grants by selling cocaine

In recent years, the spread of cocaine has accelerated. The drug is easily accessible and not only reserved for wealthy party heads. Copenhagen Police have just arrested ten young people and charged them with reselling cocaine
5 Mistakes I Made When I Moved to Denmark

Here are five mistakes I made that helped me understand that belonging isn’t a strategy—it’s a practice. This isn’t a story of struggle—it’s a reflection on growth, told through the lens of emotional intelligence.
Analysis shows that many students from Bangladesh are enrolled in Danish universities

Earlier this year, the Danish government changed the law on access for people from third world countries to the Danish labor market. Yet, there may still be a shortcut that goes through universities
Danish Flower company accused of labor abuse in Türkiye

Queen Company, a Denmark-origin flower producer with pristine sustainability credentials, is under fire for alleged labor rights violations at its Turkish operation, located in Dikili, İzmir. Workers in the large greenhouse facility have been calling decent work conditions for weeks. The Copenhagen Post gathered testimonies from the workers to better understand the situation
Advice for expats: Navigating Life as an International in Denmark

Beginning this month, Expat Counselling will be contributing a monthly article to The Copenhagen Post, offering guidance, tools, and reflections on the emotional and social aspects of international life in Denmark. The first column is about Strategies for emotional resilience
New agreement criticized for not attracting enough internationals

Several mayors and business leaders across Denmark are not satisfied with the agreement that the government, the trade union movement and employers made last week. More internationals are needed than the agreement provides for

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Summer Greetings from
The Connect Club
☀️⛱️😎

Career

“It’s possible to lead even though you don’t fit the traditional leadership mold”

Describing herself as a “DEI poster child,” being queer, neurodivergent and an international in Denmark didn’t stop Laurence Paquette from climbing the infamous corporate ladder to become Marketing Vice President (VP) at Vestas. Arrived in 2006 from Quebec, Laurence Paquette unpacks the implications of exposing your true self at work, in a country that lets little leeway for individuality
Deal reached to bring more foreign workers to Denmark

Agreement between unions and employers allows more foreign workers in Denmark under lower salary requirements, with new ID card rules and oversight to prevent social dumping and ensure fair conditions.
New association helps international nurses and doctors Denmark

Kadre Darman was founded this year to support foreign-trained healthcare professionals facing challenges with difficult authorisation processes, visa procedures, and language barriers, aiming to help them find jobs and contribute to Denmark’s healthcare system

Want to advertise your job with CPH Post?

Jobs