In addition, other macroeconomic and geopolitical elements – none particularly talked about, but simply look to Ukraine – weigh on the facet of caution. Eyeing the united states and China as its highest potential markets, Pandora plans to triple income in China against its 2019 baseline when it did just shy of $300 million. China was particularly problematic over the past two years when its share dropped from 9% of revenues in 2019 to 5% in 2021. The U.S. market powered much of the Danish company’s development, with year-over-year natural sales up 58%.
Jewellery has always been an emotional purchase, …