Jeweller Pandora Sees Lower Growth in 2025 After Strong US Holiday Sales 

Pandora jewellery is displayed at the outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. (Reuters) 
Pandora jewellery is displayed at the outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. (Reuters) 
TT

Jeweller Pandora Sees Lower Growth in 2025 After Strong US Holiday Sales 

Pandora jewellery is displayed at the outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. (Reuters) 
Pandora jewellery is displayed at the outlet retail store at Bicester Village in Oxfordshire, Britain, August 21, 2024. (Reuters) 

Danish jewellery maker Pandora said on Wednesday that its growth and profit margin this year would be lower than last, as it expects sluggish demand in Europe and slowing growth in Germany after a strong run.

Pandora, known for its charm bracelets, reported operating profit in line with expectations for the key holiday shopping quarter, but said Black Friday discounts had driven a bigger share of sales, weighing slightly on profitability.

The world's biggest jewellery company by volume said it sees 7-8% organic growth in 2025. Organic growth for 2024 was 13%, better than the company's guidance of 11-12%.

Pandora reported fourth quarter comparable sales growth of 9% in the US, helping drive 6% growth overall. Germany's comparable sales grew by 28%, slower than the 42% growth in the third quarter, while revenues in France and Italy both fell.

"We had a very strong fourth quarter in the US and Canada," Lacik said in an interview. "It's a stronger consumer demand and sentiment in the US than we see in Europe, and one would probably think that that's going to continue into this year."

Pandora said performance in Italy and France was impacted by economic challenges and an "intense promotional environment" - competitive pressure to lower prices and discount products.

Fourth-quarter operating profit rose to 4.15 billion crowns from a year-earlier 3.67 billion, against a mean forecast of 4.10 billion in an analyst poll provided by Pandora. Pandora's operating profit margin was 34.7%, slightly above analysts' average forecast.

The company expects an operating profit margin of around 24.5% in 2025, down from 25.2% last year.

Pandora, whose shares recently hit a record high, also launched a new share buy-back program for up to 4 billion Danish crowns.



Nike to Launch New Women's Fitness Brand with Kim Kardashian's Skims

The logo of Dow Jones Industrial Average stock market index listed company Nike (NKE) is seen in Los Angeles, California, United States, April 12, 2016. (Reuters)
The logo of Dow Jones Industrial Average stock market index listed company Nike (NKE) is seen in Los Angeles, California, United States, April 12, 2016. (Reuters)
TT

Nike to Launch New Women's Fitness Brand with Kim Kardashian's Skims

The logo of Dow Jones Industrial Average stock market index listed company Nike (NKE) is seen in Los Angeles, California, United States, April 12, 2016. (Reuters)
The logo of Dow Jones Industrial Average stock market index listed company Nike (NKE) is seen in Los Angeles, California, United States, April 12, 2016. (Reuters)

Nike will launch a new women's activewear brand in the US this spring in partnership with Kim Kardashian-owned shapewear clothing company Skims, as CEO Elliott Hill works to bolster its portfolio to better compete with upstart brands.

Product innovation and a return to focus on its core sports roots have been at the forefront of Hill's mission to revive sales at Nike, which have been lagging strong growth at Hoka and New Balance, Reuters reported.

The company's bid to appeal to women, who made up about 40% of its customers in 2023, was evident in Nike's first Super Bowl ad in nearly three decades, featuring star women athletes including Jordan Chiles, Caitlin Clark, Sha'Carri Richardson, A'ja Wilson and Sabrina Ionescu.

Skims was launched in 2019 and is valued at around $4 billion. It has seen a strong demand for its shapewear.

Nike said on Tuesday the new brand, called NikeSKIMS, would include training apparel, footwear and accessories for women.

The first collection will be launched at some retail locations in the US as well as at NikeSKIMS' website. The brand would launch globally in 2026, expanding into more retail locations, as well as in the wholesale segment.

The brand would sit alongside other names under Nike's kitty, including Converse, Jordan, ACG and Nike SB.

Nike's shares were up 3% on Tuesday.