The Danish jeweler is celebrating 20 years of its iconic charm bracelet and shoring up e-commerce.
Online revenues jumped 89 percent over the quarter to reach 21 percent of sales.
The Copenhagen-based jeweler targets an annual decline in organic sales in the range of 14 to 20 percent.
The Danish jeweler is on its way to phasing out mined metals by 2025.
Bracing for possible prolonged store closures — lasting throughout this year — Pandora bulked up its credit lines.
The jeweler has made a commitment to donate $50,000 at minimum to ANF’s COVID-19 fund, with a potential to increase the amount based on sales.
The H&M veteran will manage commercial operations for the restructuring jeweler.
Stores are shut across Europe, but have reopened in China; manufacturing in Thailand is functioning.
“Consumers are responding positively to our commercial initiatives,” said chief executive officer Alexander Lacik.