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Jeweller Pandora sees lower growth in 2025 after strong U.S. holiday sales

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4 hours ago

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Reuters

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February 5, 2025

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 U.S., 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 U.S. and Canada,” Lacik said in an interview. “It’s a stronger consumer demand and sentiment in the U.S. 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 DKK4.15 billion from a year-earlier DKK 3.67 billion, against a mean forecast of DKK 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 programme for up to DKK4 billion.

© Thomson Reuters 2025 All rights reserved.



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Litkovska launches capsule collection with Nick Knight

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28 minutes ago

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February 5, 2025

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February 5, 2025

Ukrainian fashion house Litkovska has launched a capsule collection with British image-maker Nick Knight, dubbed The Flowers Know Better. 

Litkovska launches capsule collection with Nick Knight. – Litkovska

First unveiled as part of Litkovska’s Spring-Summer 2025 collection, the capsule merges Knight’s visionary floral imagery with Lilia Litkovska’s signature craftsmanship. The collection symbolizes resilience, renewal, and the enduring power of beauty amid adversity.

Inspired by the Ukrainian concept of Zhynyva (the harvest), the capsule introduces cotton bandanas, tailored jackets, voluminous shirts, open-back vests, denim ensembles, and a statement T-shirt inscribed with Flowers Know Better. Exclusive floral prints designed for the collection will also be available for purchase.

“While in peacetime flowers decorate and bring comfort to us in our homes, the flowers that grow through the rubble or on the battlefield provide hope and demonstrate the power of beauty and nature” said Lilia.

“The goal of our collaboration is to support children of Ukraine who are suffering from this terrible war and to warm the souls of people around the world by bringing these flowers closer to their hearts.”

The collection launches with a campaign featuring Ukrainian actress Solomiia Kyrylova, known for her role in “Pamfir”, reinforcing the collection’s connection to Ukrainian culture and storytelling. 

All profits from the capsule will be donated to City of Goodness, a Ukrainian humanitarian initiative. The collaboration was facilitated by Be an Angel e.V., an international humanitarian organization led by Holger Homann.

“I abhor violence and brutality of all kinds where-ever and however it happens. If within this collaboration my work can bring any relief from, or shine a light on the cruel and inhuman suffering that this dreadful war is causing, then I will be delighted,” added Knight.

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Michael Kors-owner Capri forecasts fiscal 2026 revenue below estimates

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60 minutes ago

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February 5, 2025

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By

Reuters

Published



February 5, 2025

Capri Holdings forecast revenue well below Wall Street estimates for its fiscal 2026 on Wednesday, as the Michael Kors owner grappled with slowing demand for luxury goods and persistent declines in the Americas and Asia.

See catwalk
Michael Kors – Spring-Summer2025 – Womenswear – Etats-Unis – New York – ©Launchmetrics/spotlight

Shares of the company, which also projected fiscal 2025 revenue below expectations, were down about 6% in premarket trading.

The global luxury goods sector has been grappling with its slowest sales in years, with a 2% fall in 2024, according to Bain & Co. estimates, hit by a property crisis in China.

Meanwhile, Capri is looking for a reset after its $8.5 billion deal with Coach-owner Tapestry to create a U.S. luxury conglomerate collapsed following opposition from the Federal Trade Commission.

Capri expects fiscal 2026 net revenue of $4.1 billion, compared with analysts’ estimates of $4.52 billion, according to data compiled by LSEG. It sees fiscal 2025 revenue of $4.4 billion, below analysts’ expectations of $4.51 billion.

© Thomson Reuters 2025 All rights reserved.



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Columbia Sportswear reports 2024 sales dip despite strong Q4

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2 hours ago

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February 5, 2025

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February 5, 2025

Columbia Sportswear announced on Tuesday net sales decreased 3 percent to $3.37 billion in 2024, compared to 2023, despite a strong fourth quarter. 

Columbia Sportswear reports 2024 sales dip despite strong Q4. – Columbia Sportswear

The Portland, Oregon-based company said net sales for the fourth quarter ended December 31, 2024, increased 3 percent to $1.1 billion, compared to fourth quarter 2023.

The increase was led by the Europe, Middle East and Africa and Latin America, Asia Pacific regions, partially offset by the United States, while sales in Canada were flat year-over-year.

By brand, Columbia sales increased 6 percent to $945 million, with Sorel down 16 percent to $97 million. Smaller brands PraNa and Mountain Hardwear fell 2 percent and increased by 5 percent, respectively.

Net income increased 10 percent to $102.6 million, or $1.80 per diluted share, compared to net income of $93.3 million, or $1.55 per diluted share, for the comparable period in 2023.

“I’m encouraged that sales returned to growth in the fourth quarter, and we expect continued growth in 2025, across most brands and regions,” said chairman, president and chief executive officer Tim Boyle.

“During the year we made substantial progress on our inventory reduction efforts, achieved cost savings through our Profit Improvement Program, and returned meaningful cash to shareholders through share buybacks and dividends. We also laid the foundation for Columbia’s Accelerate Growth Strategy, which will come to life in the seasons ahead.”

Looking ahead to 2025, net sales are expected to increase by 1 to 3 percent, ranging from $3.40 to $3.47 billion. Diluted earnings per share is expected to be $3.80 to $4.15, compared to $3.82 in 2024.

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