And its going up in opposition to formidable competition, including Disney, Harry Potter, Star Wars and others. The U.S. market powered a lot of the Danish company’s growth, with year-over-year natural gross sales up 58%. In another first, the united states reached $1.1 billion in gross sales in 2021 and now accounts for 30% of total sales, up from 24% in 2020. GettyComing off three years of flat to adverse revenue development, Pandora jewellery turned the nook in 2021. Total revenues reached $3.5 billion in 2021, up 23% over earlier year. Venkataraman stated that each one components have been in India’s favour and expects demand for jewelry to be sturdy in the festive season.
- Luxury shoppers need jewelry that’s both adaptable and fashionable—and they want to support manufacturers that care about these issues.
- The first-half revenue in the 26 weeks ending December 1 was expected to be between $30 million