Pandora reports strong Q3 sales growth
Danish jewellery brand Pandora saw its UK revenue increase by 50.5% in its third quarter compared with the same period last year.
In addition, there was strong growth in like-for-like sales which rose by 17.5%.
During the period, Pandora opened 10 new stores to bring the total in the UK to 179.
The company said its focus on new product categories meant that rings now account for around 20% of UK turnover although charm bracelets continue to be the most popular products.
Online sales now make up 10% of Pandora’s revenue.
Peter Andersen, president of Pandora Western Europe, said: “During the third quarter, we have seen the ongoing growth of the brand within the UK, a key market for Pandora, and one in which we have successfully increased sales and revenue figures.
“The all-important Christmas season is just around the corner and we look towards it positively – it is a very exciting time for the brand – both globally and within the UK as we continue to focus on developing our business, opening new concept stores and delivering long term growth through the popularity of the product.”
