jewelry

Pandora Shares Soar After Jewelry Maker Raises 2020 Guidance

(Bloomberg) — Trading in Pandora A/S shares gave the jewelry maker its highest valuation since May 2018, after it raised its guidance for the year citing a spike in online demand.



a close up of a table: Silver and white gold rings sit on display in the window of a Pandora A/S jewelry store in Copenhagen, Denmark.


© Photographer: Freya Ingrid Morales
Silver and white gold rings sit on display in the window of a Pandora A/S jewelry store in Copenhagen, Denmark.

Copenhagen-based Pandora rose more than 10% after the market opened on Friday. Denmark’s index of benchmark shares was up about 0.9%.

Management opted to publish preliminary third-quarter results late on Thursday, after a “strong” performance improved its prospects for the year. It now expects 2020 Ebit margin to reach at least 17.5%, compared with 16% previously. That’s after online organic growth of 89% in the quarter.



a close up of a table: Silver and white gold rings sit on display in the window of a Pandora A/S jewelry store in Copenhagen, Denmark.


© Photographer: Freya Ingrid Morales
Silver and white gold rings sit on display in the window of a Pandora A/S jewelry store in Copenhagen, Denmark.

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shopping

CDC issues Thanksgiving coronavirus guidance, says no crowded shopping

Shoppers walk past a placard that states “Black Friday preview” at a Macy’s store as pre-Thanksgiving and Christmas holiday shopping accelerates at the King of Prussia Mall in King of Prussia, Pennsylvania, November 22, 2019.

Mark Makela | Reuters

As the holiday season approaches, the Centers for Disease Control and Prevention is adding a common annual tradition to its higher risk category: Shopping at crowded stores.

On Monday, the CDC issued new guidance that discouraged Americans from packing into malls or standing in long lines before, on or after Thanksgiving. It added that to a list of activities with a higher likelihood of contributing to the spread of the virus that causes Covid-19.

And, it noted, shopping online rather than in person on Black Friday or the days that follow are lower risk.

Retailers from Amazon to Target are trying to nudge Americans to start holiday shopping sooner and avoid

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