Danish jewelry making Pandora A / S, which is traditionally a wholesaler, have developed into a strong competitor in its own franchise network.
Served Sales for the first quarter of retail outlets and online stores businesses has more than doubled, up 115% compared with 37% growth in the sales group, the company said Tuesday.
Direct retail Pandora quarter 708000000 Danish crowns ($ 105.9 million) and is composed of 20% of consolidated sales, compared with about 13% for the same period in 2014
The sharp increase in direct retail Pandora underscores the efforts to increase the profitability of the major markets such as Germany. The company said it had in the first quarter of the year more than 77 leases, and because the process of making them was the activities of the company. Pandora was also chosen to promote their products directly from the opening of new markets and a leg to high-end places, where the rent available franchise stores can not promote.
Pandora whose charm bracelets, rings and earrings are 9600 outlets around the world, he said, added 60 stores in the first quarter, so all their points of sale 381
Pandora is not the percentage of total sales of the eight stores across Europe and to make known the US company operates online purchases, but said in its online store in the UK now accounts for 10% of total sales in the UK .
JP Morgan & Co Tiffany Pandora competitor comparison of online shops in 13 countries, approximately 6% of total sales.
"We want to believe that Pandora is in the lower segment of Tiffany, which are better suited was online shopping site, it would be possible to 6% to reach total revenue compared to a higher level on the Internet, and probably the "Bank said in a note.
Pandora said Tuesday that sales in the first quarter rose to 3550000000, 2590000000 EEK kronor a year earlier, while sales growth in double digits in Europe, Asia-Pacific and the Americas. Operating profit rose to € 1240000000 € 887 million.
The increase is attributable to the favorable exchange rate fluctuations in the Americas and the Asia-Pacific region and the growth in the volume of Pandora.
Net income fell in the first quarter on 383000000, 704000000 euros in the same period a year earlier due to higher taxes EEK. Solve Pandora Danish tax authorities accept tax dispute with € 995 million tax arrears on May 7, 2015 to pay more than six years.
The company raises its outlook for 2015 and said it now expects sales of more than € 15 billion mostly grow on the back of currency gains, compared with the previous target of 14 billion euros.
Served Sales for the first quarter of retail outlets and online stores businesses has more than doubled, up 115% compared with 37% growth in the sales group, the company said Tuesday.
Direct retail Pandora quarter 708000000 Danish crowns ($ 105.9 million) and is composed of 20% of consolidated sales, compared with about 13% for the same period in 2014
The sharp increase in direct retail Pandora underscores the efforts to increase the profitability of the major markets such as Germany. The company said it had in the first quarter of the year more than 77 leases, and because the process of making them was the activities of the company. Pandora was also chosen to promote their products directly from the opening of new markets and a leg to high-end places, where the rent available franchise stores can not promote.
Pandora whose charm bracelets, rings and earrings are 9600 outlets around the world, he said, added 60 stores in the first quarter, so all their points of sale 381
Pandora is not the percentage of total sales of the eight stores across Europe and to make known the US company operates online purchases, but said in its online store in the UK now accounts for 10% of total sales in the UK .
JP Morgan & Co Tiffany Pandora competitor comparison of online shops in 13 countries, approximately 6% of total sales.
"We want to believe that Pandora is in the lower segment of Tiffany, which are better suited was online shopping site, it would be possible to 6% to reach total revenue compared to a higher level on the Internet, and probably the "Bank said in a note.
Pandora said Tuesday that sales in the first quarter rose to 3550000000, 2590000000 EEK kronor a year earlier, while sales growth in double digits in Europe, Asia-Pacific and the Americas. Operating profit rose to € 1240000000 € 887 million.
The increase is attributable to the favorable exchange rate fluctuations in the Americas and the Asia-Pacific region and the growth in the volume of Pandora.
Net income fell in the first quarter on 383000000, 704000000 euros in the same period a year earlier due to higher taxes EEK. Solve Pandora Danish tax authorities accept tax dispute with € 995 million tax arrears on May 7, 2015 to pay more than six years.
The company raises its outlook for 2015 and said it now expects sales of more than € 15 billion mostly grow on the back of currency gains, compared with the previous target of 14 billion euros.
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