Daftar Slot Online joker123 terpercaya joker123esports indonesiaSBOBETpoker online
Pandora Gains on Roadmap to Grow US, China Markets, Target Gen Z By Investing.com - Up News Info
Home Business Pandora Gains on Roadmap to Grow US, China Markets, Target Gen Z By Investing.com

Pandora Gains on Roadmap to Grow US, China Markets, Target Gen Z By Investing.com

by Matilda Colman
© Reuters.

By Dhirendra Tripathi

Investing.com – Pandora (OTC:) stock traded 6% higher in Copenhagen Tuesday as the jeweler laid out an ambitious plan to grow in its two most important markets, the U.S. and China.

The Danish company wants to double revenue in the U.S. from 2019 levels, and triple it in China. The company’s 2019 revenue from the U.S. and Chinese markets was 4.67 billion DKK (around $748 million) and 1.97 billion DKK (nearly $315 million), respectively.

Pandora said it will work on its brand and design to make it more desirable to Gen Z and millennial customers, two demographic groups that are already its core audience.

Pandora said it will personalize customer experience by implementing a number of omni-channel features. The company will also launch a new store concept.

The company said it will invest 1 billion DKK to set up a new manufacturing capacity in Vietnam and expand existing sites in Thailand.

Pandora also announced setting aside 3 billion DKK to enhance its share buyback program.

The company has also set new sustainability and gender diversity targets. It said it will eliminate its net greenhouse gas emissions by 2040 and achieve gender parity by 2030.

 

 

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

You may also like

Leave a Comment