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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
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 store 150 NY
Restructuring Efforts Boost Pandora
Shares in Pandora rose 10% in early trading Tuesday as salesdeclines narrowed in key markets and restructuring efforts led to signs ofrecovery. Global sales fell 2.6% year on year to DKK 4.69 billion($697.2 million) in the second quarter,...
Retail Aug 20, 2019 Rapaport News
Pandora
Pandora to Buy Back $75M of Inventory
Pandora is set to repurchase DKK 500 million ($74.7 million)of unsold jewelry from retailers that stock its products, the company said. The Danish jeweler believes this will reduce the quantity of goods its...
Retail Aug 14, 2019 Rapaport News
Pandora bracelet and charms 150
Pandora Revamps Brand to Reignite Demand
Pandora is set to unveil a total overhaul of its branding, as its aims to reengage with consumers following consistently disappointing sales.The Danish jewelry retailer will launch a new “company purpose, brand expression and visual identity,” while...
Retail Aug 04, 2019 Rapaport News
Pandora
Two Longtime Managers Exit Pandora
Pandora’s US division will have new roles to fill, astwo senior executives leave the company. Laurie McDonald will exit the Danish jeweler after 15 years,the last three spent as the general manager of Pandora US,...
Retail Jul 31, 2019 Rapaport News
Pandora
Pandora Cuts 1,200 Jobs as Sales Drop
Pandora will push ahead with a total overhaul of its business, after sales weakened in the first quarter. Global sales fell 6% year on year to DKK 4.8 billion ($720.5million) for the January-to-March period, the Danish...
Retail May 07, 2019 Rapaport News
Pandora
Pandora Exec Steps Down After Eight Months
Jeremy Schwartz will leave his position as chief operatingofficer of Pandora after less than a year in the role, the jewelry retailersaid Tuesday. Schwartz joinedPandora in September, after its CEO, Anders Colding Friis, resigned. Since...
Retail Apr 03, 2019 Rapaport News
Pandora
Pandora Forecasts Sales Drop Amid Overhaul
Danish jeweler Pandora expects revenue to fall 3% to 7% this year, after weak results in 2018 prompted an overhaul of its brand and marketing activities. “We are taking immediate and forceful action to address thedisappointing aspects of our...
Retail Feb 05, 2019 Rapaport News
Pandora
Pandora Slashes Full-Year Forecast
Pandora has lowered its revenue expectations for the thirdtime this year following a disappointing quarter, and will implement a new programto cut costs. The Danish retailer had an “unsatisfactory” third quarter,with global sales...
Retail Nov 06, 2018 Rapaport News
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