Skip navigation

Gloucestershire Business News

Sales rise at Pandora despite lockdown store closures

Jewellery brand Pandora has revealed sales growth of 12 per cent in February, even though 25 per cent of its stores remained temporary closed due to lockdowns.

Sales in open shops and online last month grew seven per cent year-on-year, while organic growth jumped by four per cent.

Pandora said this equates to a quarter-to-date organic growth of four per cent, and a total sell-out growth of one per cent.

The business, which has stores in Gloucester and Cheltenham, added that it had no plans to change its financial guidance for its full year results.

A spokesperson for the brand said: "Pandora is pleased with the performance so far in 2021. Considering that 25-30 per cent of the stores were closed during January and February, the underlying trading continues to indicate that sell-out is stabilising or growing."

Related Articles

VIDEO: Last piece of Gloucester Quays for sale Image

VIDEO: Last piece of Gloucester Quays for sale

Gloucester-based Numold is to sell its canalside property in the middle of Gloucester Quays after 30 years.

GE Aerospace sees orders and profits soar Image

GE Aerospace sees orders and profits soar

GE Aerospace has raised its full-year profit guidance after releasing its first quarter financial results.

Auction: 11 retail units for sale in Cheltenham Image

Auction: 11 retail units for sale in Cheltenham

Winchcombe Street shops go under the hammer.

Decathlon extends sustainable sport gear scheme Image

Decathlon extends sustainable sport gear scheme

Sports retailer, Decathlon, has expanded its sports gear buyback scheme.

Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.