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Pandora to Close Up to 100 Stores in China
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Pandora to Close Up to 100 Stores in China
Pandora will close approximately 100 underperforming stores in China to “optimize the store network,” even as overall revenue for the second quarter rose. The Danish jeweler had previously targeted about 50 stores on the mainland for closure, it said Friday. That means that Pandora will open a net 25 to 50 locations worldwide over the full fiscal year, rather than the 50 to 75 it had previously expected. In total, the company plans to expand it…
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