The jeweler flagged “elevated uncertainty” given the surge in coronavirus infections; full-year results will be released Feb. 4.
December trading will likely be negatively impacted by efforts to shift business to earlier in the year to avoid crowding in stores.
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.
Pandora said the move would reduce complexity and help it operate more quickly.
“Consumers are responding positively to our commercial initiatives,” said chief executive officer Alexander Lacik.
Copenhagen-based jeweler Pandora is seeking to realign its sustainability efforts, following a massive re-brand last year.
The executive joins from Bulgari, where she was vice president of global marketing and communication.
The new concept takes the jewelry out from behind glass cases, inviting customers to touch and experience it, and is the next phase of the Danish jewelry company’s global re-branding.