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Jeweller Pandora posts 12% organic sales growth in February

Mar 9, 2021

COPENHAGEN (Reuters) – Jewellery maker Pandora on Tuesday posted organic sales growth of 12% in February despite around a quarter of its 2,700 stores worldwide being shut.

“Pandora is pleased with the performance so far in 2021,” Pandora said in a trading statement, adding that sell-out growth in the United States continued to be “very strong.”

Sales in shops or online to customers in February grew 7% year on year, it said.

Year to date, organic growth stood at 4% with while actual sales to customers grew 1%, Pandora said. It kept its financial guidance unchanged.

The number of stores shut fell to 25% from 30% at the beginning of February, it said.

(Reporting by Jacob Gronholt-Pedersen; editing by Jason Neely)