Headlines

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

Published

8 years ago

May 16, 2016

INSTORE Staff

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.

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”