Core Insights - Pandora Group has announced a significant increase in the number of store closures in China, from an initial plan of 50 to 100 stores [1] - The company is also expected to initiate large-scale layoffs in the Chinese market [1] Financial Performance - In Q1 2025, Pandora's sales in China amounted to 96 million Danish kroner, representing an 11% decline compared to 2023 [1] - In Q2 2025, comparable sales in the Chinese market fell by 15%, while the overall group saw a 3% increase in comparable sales during the same period [1] - From 2019 to 2025, Pandora's revenue share from the Chinese market dropped from 9% to 1% after several years of decline [1] Market Strategy - There were rumors in July that Pandora might exit the Chinese market, with plans to operate through authorized local retailers in the future [1]
潘多拉中国计划关店100家
Sou Hu Cai Jing·2025-08-19 05:53