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Pandora Australia’s revenue continues to climb, with its latest results representing its 10th consecutive quarter of significant sales increases.Pandora Charms Discount.According to a company financial statement, Pandora’s revenue increased 35.9 per cent – 45.1 per cent in local currency – to DKK208 million (AU$42 m) in the third quarter of 2015 compared to the corresponding period in 2014.Same-store sales also rose 44.5 per cent, marking the 10th quarter in a row for which the brand has recorded an increase of 20 per cent or higher.Pandora Charms Cheap.Brien Winther, Pandora Australia president“The performance of the Australia and New Zealand business was very strong through Q3,” Pandora Australia president Brien Winther stated.Pandora Rings Discount. “We were particularly pleased to see our hard work in New Zealand showing some very positive results. Both our concept store and multi-branded [retail stockists] contributed strongly to our result.”

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Continued sell-through growth and the opening of 12 new concept stores in the past year were said to have driven the positive result.Winther noted that the rings category performed particularly well – accounting for more than 20 per cent of Australia’s revenue – and that the company also had strong sales for its gift sets.Pandora Jewelry.“We also saw an improvement in our necklace and pendants category,” he added.While the new Australian e-store launched on 29 September did not impact on revenue for the period, Winther said he was pleased with its performance to date.Cheap Pandora Online.“Most importantly, the operational aspects have run extremely smoothly which is a credit to the team [that has] worked to ensure any potential challenges were planned for,” he commented. “Giving our consumers a memorable experience is paramount and so far, we have delivered on that promise.”Pandora Rings Cheap.Winther added that the Christmas and Disney collections were also generating excitement.

 

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The switch in focus follows the success of the brand’s promotion of its rings, which now account for 20% of turnover.Pandora Earrings Outlet. Charm bracelets and beads continue to account for the vast majority of the remaining 80%.Peter Andersen, Pandora president for Western Europe, told Professional Jeweller that the programme of activity to push rings had taught the company that it takes a considerable amount of time, money and hard work.Pandora Jewellery Replica.“We previously had a ‘Year of the Rings’, but it actually took three years for sales to really come through. It takes time to build,” he said.In 2016, Pandora’s 193 concept stores will be kitted out with new furniture that showcases earrings better. Pandora Rings Sale.These will display what Andersen describes as the best earring collections the company has ever designed.

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The company’s advertising and promotions will also change so that earrings are given greater prominence.Pandora’s latest financial statement said that world-wide sales increased by 40% in the third quarter.Pandora Charms Cheap. It has not yet released information about its crucial fourth quarter, which covers the Christmas period.Pandora Rings Discount.Details of UK sales have not been disclosed, and Andersen would not be drawn on whether they would be above or below the 40% growth reported globally.Read the full interview with Peter Andersen in the February edition of Professional Jeweller.Pandora Bracelets Fake.Subscriptions to Professional Jeweller are free to qualified executives in the UK jewellery industry. Click here to sign up for your annual subscription.

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Danish jeweler Pandora A/S (PNDORA.KO) on Tuesday backed its full-year revenue guidance and stepped up plans to open more stores, as it posted higher third-quarter profit after seeing particularly strong growth in its Southern Europe and Asia Pacific regions.Pandora Bracelets Fake.Net profit rose 40% to 1.41 billion Danish kroner ($207.9 million) in the three months to the end of September from 1.01 billion kroner in the same period a year earlier. Analysts polled by FactSet had expected a net profit of 1.31 billion kroner.Replica Pandora Rings Sale .The jeweler–which sells charm bracelets, rings and earrings at around 9,000 stores worldwide–said revenue rose 18% to 4.61 billion kroner, up from 3.91 billion kroner. The operating margin rose to 37.3% from 34.2% last year.Pandora Rings Discount.”Following a strong first half of 2016, Pandora continued the positive momentum into Q3, with strong growth in particularly Southern Europe and Asia Pacific,” Chief Executive Anders Colding Friis said.

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“Additionally, the U.S. continued to deliver solid growth supported by positive like-for-like.Pandora Jewelry. The increase was driven by double-digit growth across all product categories supported by an attractive and relevant product offering.”Lower commodity prices helped bump up margins, the company added.The company said revenue in 2016 is still expected to increase to more than 20 billion kroner, but currency headwinds are likely to dent revenue by around 4%, having previously seen a headwind of around 3%.The earnings before interest, taxes, depreciation and amortization margin is now seen at around 39% from previous guidance of more than 38%.Pandora Bracelets Replica.Pandora said it plans to continue expanding its store network by adding more than 325 new concept stores during 2016, up from a previous estimate of more than 300. The concept store openings are expected to be distributed with roughly 50% in EMEA, 25% in Americas and 25% Asia Pacific.Discount Pandora Rings.Capital expenditure in 2016 is still seen at approximately 1.2 billion kroner, it said.

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Shares in Danish jewelry maker Pandora soared more than 15% on the Copenhagen exchange early Tuesday as the company launched a share buyback program and announced a new focus on the Chinese market.Pandora Jewelry Sale.The company, known for its charm bracelets, on Tuesday posted a 40% rise in fourth-quarter sales and said net profit rose to 1.01 billion Danish kroner ($154 million), compared with 739 million kroner in the same period of 2013. The company said it would buy back shares for 3.9 billion kroner in 2015.Pandora said it expected revenue in 2015 to increase by 17% compared with 2014, with optimism fueled by what it described as a strategic alliance in China. The company said it has signed an agreement with Hong Kong-based Oracle Investment about a joint distribution of its jewelry in China.Pandora Rings Discount.“China is a huge opportunity for Pandora. It is the largest jewelry market in the world, and our business there today is tiny,” said Allan Leighton, chief executive in a statement. Pandora Charms Cheap.“With this new collaboration with Oracle we gain direct access to and control over this highly attractive market, which will enable us to ramp up our presence there significantly over the next few years.”

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Oracle is Pandora’s existing distributor in China and was originally granted distribution rights in 2011.Cheap Pandora Online. Currently, Pandora has 30 concept stores and 19 shop-in-shops in China, where the jewelry market in 2013 had a value of approximately 600 billion kroner.The focus on China follows a period of revival at the Danish jeweler.Pandora Rings Cheap. Founded in 1982, it expanded on the popularity of its charm bracelets, but Pandora faced collapse in 2011 after it misjudged the market and raised prices too high.Mr. Leighton took the helm in 2013, continuing a strategy of freshening the product line, revamping the retail footprint and broadening Pandora’s reach through new markets and online retailing.Replica Pandora Rings Sale.The company Tuesday reported a 40% jump in fourth quarter sales to 3.96 billion kroner and an operating profit of 1.38 billion kroner, up from 891 million kroner in the same period in 2013.