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Ex-Pandora Exec Joins J.C. Penney
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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...
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Retail
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Dec 09, 2019
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Rapaport News
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Signet Raises Full-Year Outlook
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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...
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Retail
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Dec 05, 2019
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Rapaport News
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Tiffany, Pandora Receive Top Sourcing Scores
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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...
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Retail
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Dec 02, 2019
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Rapaport News
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Pandora Slashes Sales Forecast
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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...
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Retail
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Nov 05, 2019
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Rapaport News
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Pandora Relaunches to Attract Younger Audience
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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...
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Retail
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Sep 01, 2019
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Rapaport News
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Restructuring Efforts Boost Pandora
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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,...
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Retail
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Aug 20, 2019
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Rapaport News
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Pandora Launches Harry Potter Collection
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Pandora and Warner Bros. will partner on a HarryPotter-inspired collection, featuring iconic characters and symbols from thefilms. The line will comprise 12 hand-finished products, includingcharms, pendants and a bracelet, designed by Francesco Terzo and FilippoFicarelli,...
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Retail
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Aug 15, 2019
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Rapaport News
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Pandora to Buy Back $75M of Inventory
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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...
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Retail
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Aug 14, 2019
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Rapaport News
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Millie Bobby Brown to Represent Pandora
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Pandora has named two-time Emmy-nominated actress MillieBobby Brown as the face of a global campaign for its new jewelry collection, inan effort to reinvigorate interest in its brand and appeal to a youngeraudience. Brown is best known for...
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Retail
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Aug 08, 2019
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Rapaport News
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Pandora Revamps Brand to Reignite Demand
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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...
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Retail
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Aug 04, 2019
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Rapaport News
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Two Longtime Managers Exit Pandora
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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,...
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Retail
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Jul 31, 2019
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Rapaport News
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Pandora Cuts 1,200 Jobs as Sales Drop
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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...
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Retail
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May 07, 2019
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Rapaport News
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Pandora Exec Steps Down After Eight Months
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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...
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Retail
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Apr 03, 2019
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Rapaport News
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Pandora Chairman Quits Amid Reshuffle
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Pandora chairman Peder Tuborgh is set to leave the Danishjewelry maker. This comes just one month after the company appointed veteranconsumer-brand executive Alexander Lacik as its new CEO. These significant leadership changes form...
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Retail
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Mar 14, 2019
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Rapaport News
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Pandora Hires Industry Outsider as CEO
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Pandora has named veteran consumer-brand executive AlexanderLacik as its CEO, as it seeks to transform the company following weak sales. “Alexander is a brilliant marketer and brand architect, andhas throughout his career shown himself as a great leader...
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Retail
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Feb 14, 2019
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Rapaport News
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Pandora Forecasts Sales Drop Amid Overhaul
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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...
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Retail
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Feb 05, 2019
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Rapaport News
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Fossil Group Hires Ex-Pandora Exec
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Fossil Group has appointed former Pandora chiefmerchandising officer Beth Moeri as executive vice president of portfoliobrands. Moeri, who was an executive at the Danish charm jeweler for morethan six years, will be responsible for Fossil’s...
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Retail
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Dec 12, 2018
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Rapaport News
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Tiffany Scores with Wealthier Immigrants
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Tiffany & Co., Swarovski and Pandora are the preferred jewelry brands among more affluent immigrants in the US, according to a survey by MVI Marketing. Researchers asked 702 Asian-American, Hispanic and Latino-American consumers with...
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Polished Markets
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Dec 11, 2018
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Rapaport News
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Pandora Slashes Full-Year Forecast
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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...
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Retail
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Nov 06, 2018
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Rapaport News
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Pandora Stock Soars Amid Takeover Rumors
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Shares in Pandora spiked late last week followingspeculation the company had hired an adviser to negotiate a possible buyout. The jeweler has called on Rothschildfor guidance on how to handle potential buyers, according to a Danish-languagereport on news site Inside...
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Retail
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Oct 15, 2018
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Rapaport News
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