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Pandora store 150
Pandora Expects Market Weakness to Persist
Pandora believes the challenging market will continue through the end of 2020 amid a resurgence in coronavirus cases in key business locations.“[The second quarter of] 2020 will not be forgotten anytime soon,” said Pandora CEO...
Retail Aug 18, 2020 Rapaport News
Pandora
Pandora Benefits from Improved Store Traffic
Sales at Pandora improved towards the end of the second quarter as the majority of its stores reopened and consumer traffic increased following the coronavirus lockdown.“The better-than-expected financial performance is a result of faster reopening of markets, slightly...
Retail Jul 09, 2020 Rapaport News
Tiffany store NY 150
US Jewelry Stores Begin Reopening
US jewelers have restarted business in many states following a more than two-month shutdown to stem the spread of Covid-19.Signet banner Kay Jewelers has opened nearly 120 stores across the country, while business has resumed...
Retail May 26, 2020 Rapaport News
Pandora
Pandora in the Red as China Market Slows
Pandora reported a loss in the first quarter following global store shutdowns amid the coronavirus outbreak.The company posted a loss of DKK 24 million ($3.5 million), compared with a profit of DKK 797 million ($115.8 million) the...
Retail May 05, 2020 Rapaport News
Pandora
Pandora Hires Marketing Heads Amid Revamp
Pandora has hired two new marketing executives to head the global business units that it established recently as part of its strategic reorganization.Frederique Gouzard will lead the “moments” global unit, which includes charms and...
Retail Apr 07, 2020 Rapaport News
Pandora
Pandora Hires Ex-H&M Exec to Help Revamp
Pandora has hired Martino Pessina as chief commercial officer as part of its efforts to restructure the company and implement a turnaround.In the newly created role, Pessina will lead the Danish retailer’s 10 new regional groups,...
Retail Mar 29, 2020 Rapaport News
Pandroa charm bracelet 150
Pandora Nixes Guidance, Shutters Stores
Pandora has rescinded its revenue guidance for 2020, as the coronavirus pandemic has hit sales and forced it to shut stores temporarily, it said Monday.In February, the company had forecast revenue would fall between...
Retail Mar 17, 2020 Rapaport News
Pandora
Pandora to Slash 180 Jobs in Restructuring
Pandora is embarking on a major streamlining process aimed at speeding up its ability to act on customer feedback, the jeweler said Wednesday.The Danish company will close its three regional offices — management centers that oversee stores in specific...
Retail Mar 05, 2020 Rapaport News
Star Rays factory Surat
Star Rays Outlines Plan to Be Carbon-Neutral
Star Rays revealed its intention to be the first Indian diamond company to become carbon-neutral, arguing that greener credentials will help attract consumers to the product.The Mumbai-based manufacturer aims to reduce travel, produce less plastic...
Manufacturing Feb 16, 2020 Joshua Freedman
Pandora
Pandora Predicts Slowdown Amid China Weakness
Danish jeweler Pandora expects revenue to fall 3% to 6% in 2020 following a drop in consumer sentiment in China.“The performance in the Chinese market is not satisfactory, and continued to deteriorate in [the fourth quarter],” the company noted. “Traffic into physical...
Retail Feb 05, 2020 Rapaport News
MVI Tiffany 150
Self-Purchasing Females Choose Tiffany
Tiffany & Co. is the jewelry brand women are most likely to buy for themselves, MVI Marketing found in a survey.Some 35% of female consumers would spend their money on products from the luxury-jewelry brand, while...
Retail Feb 05, 2020 Rapaport News
Pandora store
Pandora Vows to Be Carbon-Neutral by 2025
Pandora has committed to being carbon-neutral in its own operations by 2025 as part of a plan to reduce the environmental impact of the company and its suppliers.From this year, the jeweler will use 100% renewable energy at its...
Retail Feb 02, 2020 Rapaport News
Pandora
Pandora Set to Meet 2019 Sales Forecast
Pandora’s shares rose 12% after the company released preliminary results indicating it would meet its sales outlook for the year.The Danish jeweler expects same-store sales — at branches open for at least a year — to have...
Retail Jan 07, 2020 Rapaport News
Pandora? Image: Peter Ruzicka. (Pandora)
Pandora Appoints New Chairman
Pandora has elected Peter Ruzicka to succeed Peder Tuborghas chairman of the board, as part of its efforts to reinvigorate interest inits brand.Ruzicka's appointment follows the recruitment earlier this year of Alexander Lacik as CEO, along with...
Retail Dec 23, 2019 Rapaport News
Pandora
Ex-Bulgari Executive to Join Pandora
Pandora has hired Carla Liuni as chief marketing officer as the jeweler continues it efforts to reignite consumer demand. Liuni was general manager of Procter & Gamble’s luxury personal-care division, Prestige, for 20 years. She joined...
Retail Dec 18, 2019 Rapaport News
JCP Karl Walsh
Ex-Pandora Exec Joins J.C. Penney
J.C. Penney has appointed Karl Walsh as chief digitalofficer, charging him with overseeing improvements to its e-commerce platforms and customer experience. Walsh waspreviously chief digital officer at Danish jeweler Pandora, a role he took onin...
Retail Dec 09, 2019 Rapaport News
Signet
Signet Raises Full-Year Outlook
Signet Jewelers’ shares jumped 6% in early trading Thursdayafter the retailer increased its sales forecast for the current fiscal year. The jeweler adjusted its guidance following a rise insame-store sales in the third fiscal...
Retail Dec 05, 2019 Rapaport News
Pandora charm 150
Tiffany, Pandora Receive Top Sourcing Scores
Tiffany & Co. and Pandora received high ratings on anannual list comparing responsible sourcing by the largest companies in thefashion industry. Tiffany garnered the top rating of AAA in the retail category for thefifth consecutive...
Retail Dec 02, 2019 Rapaport News
Pandora
Pandora Slashes Sales Forecast
Shares in Pandora dropped 18% Tuesday after the Danish jeweler lowered its full-year revenue outlook. The retailer reduced its forecast to a decline of 7% to 9%,from its earlier range of -3% to -7%, despite efforts to reignite sales...
Retail Nov 05, 2019 Rapaport News
Pandora influencers 150
Pandora Relaunches to Attract Younger Audience
Pandora unveiled its new branding at an event in Los Angeles last week, with the launch ranking as the largest marketing investment in thecompany’s history, it noted. Approximately 400 international guests attended the Danishjeweler’s VIP Streets...
Retail Sep 01, 2019 Rapaport News
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