Retail News

Jewelry maker Pandora shuts one in four stores worldwide

Pandora said on Monday new coronavirus lockdown measures had forced it to close a quarter of its stores at the beginning of the year, even as it raised full-year earnings guidance for the second time in less than two weeks.

Pandora, the world’s biggest jewelry maker, said consumers had shifted spending away from travelling and services to jewellery in the fourth quarter, but that a recent escalation of the Covid-19 pandemic created greater uncertainty about sales this year.

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