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After Ridiculously Good First Quarter, Pandora Sets Sights on $3 Billion Sales Mark

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Manufacturer’s footprint continues growing with more store openings planned.

Pandora raised its revenue expectations for the year after reporting outstanding first quarter results, as sales in the first three months of 2016 skyrocketed 34 percent over last year and profit reached nearly $200 million, according to Rapaport. The article says that the Denmark-based jeweler now forecasts its annual revenue to hit $3.06 billion, which would represent a 19 percent increase from a year ago. The company is attributing this year’s expected growth equally to higher same-store sales and its expanding store network, saying it now plans to open 275 concept stores in 2016, up from its previous estimate of 250.

Read more at Rapaport

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When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

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