Pandora Gains on Roadmap to Grow US, China Markets, Target Gen Z By Investing.com


Source: upnewsinfo.com upnewsinfo.com

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© Reuters. By Dhirendra Tripathi Investing.com – Pandora (OTC:) stock traded 6% higher in Copenhagen Tuesday as the jeweler laid out an ambitious plan to grow in its two most important markets, the U.S. and China. The Danish company wants to double revenue in the U.S. from 2019 levels, and triple it in China. The company’s 2019 revenue from the U.S. and Chinese markets was 4.67 billion DKK (around $748 million) and 1.97 billion DKK (nearly $315 million), respectively. Pandora said it will work on its brand and design to make it more desirable to Gen Z and millennial customers,...