Day: February 4, 2021

Pandora Posts Sales Growth in Q4, Flags Ongoing Uncertainty – WWD

PARIS — Pandora posted 4 percent organic sales growth over the fourth quarter, capping off a challenging year with improved business.

The Copenhagen-based jeweler signaled “elevated uncertainty” for the coming months, however, citing the ongoing coronavirus crisis. Nonetheless, it is projecting a return to top line growth in 2021.

“Despite these significant disruptions, we managed to navigate the business to a very strong performance, leading to market share gains in many markets,” said Pandora chief executive officer Alexander Lacik.

Revenue over the quarter came to 7.89 billion Danish kronor, or $1.27 billion, a 4 percent rise on an organic basis. Around 10 percent of stores were closed over the period.

Pandora, which has been hit hard by coronavirus store closures, has been undergoing a broad overhaul to boost its popularity and adjust to declining foot traffic in malls, where many of its stores are located. It has bulked up marketing efforts, streamlined product assortments and leaned into digital. It also opened dozens of pop-up stores in North America during the holiday season.

The brand is working on developing new product pillars while collaborations with “Harry Potter,” “Star Wars” and Millie Bobby Brown have bolstered the jeweler’s popularity.

In November, Pandora

Is Trend Design The Right Diploma For You?

Selecting one of the best gown on your body shape is all the time a problem. Evening attire sometimes nonetheless nearly reached the ground, although many of the common types adopted the hemline trends of daywear, as demonstrated in the difference between a 1924 night costume (Fig. 2) and an evening costume from 1929 (Fig. three). Whereas simplicity in construction was key to each daywear and eveningwear, the latter benefited from ornate ornament: beadwork, sequins, and embroidery all helped create the glamorous nighttime seems of the decade, like this yellow night costume product of silk and rhinestones (Fig. 2).

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3 Designer Bags That Will Hold Their Value in 2021

If you’ve been looking to potentially invest in a designer bag or simply want some visual inspiration, you’ve landed in the right spot. That’s right. We’re here to highlight a few specific handbag styles that could be worth the investment from a resale perspective. To uncover said silhouettes, we tapped designer resale retailer, Rebag. On that note, the brand actually just launched quite a handy tool. Introducing Clair AI. As an extension of the brand’s pricing tool, Clair, Clair AI features image recognition technology that can identify and price luxury handbags in literal seconds. 

“People can use Clair AI for many instances, from understanding the value of the bags they already own to making an informed investment decision when considering a new purchase,” said Charles Gorra, CEO and Founder of Rebag. “For example, those cleaning out their closets can generate offers for their once-loved bags, while shoppers both in stores and online can scan a bag to get a look at its resale value before they make a purchase.” It’s all quite fascinating. You can literally snap a picture of a bag on the Rebag app and see how much the brand would be willing to pay for