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Jewelers ‘Failing to Prevent Rights Abuses’
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Human Rights Watch (HRW) has called for mandatory sourcing rules for the jewelry industry and urged retailers to name their suppliers, claiming the sector is not doing enough to combat abuses.“Many jewelry companies...
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Retail
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Nov 25, 2020
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Rapaport News
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Pandora Expects Hit from Second Lockdowns
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Pandora has warned that fresh coronavirus-related restrictions could dampen the jeweler’s holiday sales and put the brakes on its steady recovery.The Danish retailer has maintained its financial guidance for the year...
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Retail
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Nov 04, 2020
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Rapaport News
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Pandora Raises Full-Year Forecast
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Shares in Pandora jumped 17% Friday after a surge in online sales and the reopening of most of its stores led the company to lift its guidance for the full year.The Danish jeweler now expects revenue...
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Retail
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Oct 11, 2020
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Rapaport News
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Pandora Expects Market Weakness to Persist
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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...
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Retail
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Aug 18, 2020
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Rapaport News
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Pandora Benefits from Improved Store Traffic
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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...
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Retail
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Jul 09, 2020
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Rapaport News
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US Jewelry Stores Begin Reopening
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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...
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Retail
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May 26, 2020
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Rapaport News
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Pandora in the Red as China Market Slows
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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...
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Retail
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May 05, 2020
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Rapaport News
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Pandora Hires Marketing Heads Amid Revamp
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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...
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Retail
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Apr 07, 2020
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Rapaport News
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Pandora Hires Ex-H&M Exec to Help Revamp
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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,...
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Retail
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Mar 29, 2020
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Rapaport News
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Pandora Nixes Guidance, Shutters Stores
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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...
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Retail
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Mar 17, 2020
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Rapaport News
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Pandora to Slash 180 Jobs in Restructuring
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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...
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Retail
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Mar 05, 2020
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Rapaport News
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Star Rays Outlines Plan to Be Carbon-Neutral
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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...
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Manufacturing
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Feb 16, 2020
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Joshua Freedman
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Pandora Predicts Slowdown Amid China Weakness
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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...
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Retail
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Feb 05, 2020
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Rapaport News
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Self-Purchasing Females Choose Tiffany
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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...
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Retail
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Feb 05, 2020
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Rapaport News
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Pandora Vows to Be Carbon-Neutral by 2025
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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...
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Retail
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Feb 02, 2020
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Rapaport News
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Pandora Set to Meet 2019 Sales Forecast
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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...
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Retail
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Jan 07, 2020
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Rapaport News
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Pandora Appoints New Chairman
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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...
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Retail
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Dec 23, 2019
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Rapaport News
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Ex-Bulgari Executive to Join Pandora
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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...
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Retail
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Dec 18, 2019
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Rapaport News
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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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