Headlines

Pandora Has Big Plans for US Market

Published

7 years ago

July 3, 2017

INSTORE Staff

New stores and products are in the works.

Denmark-based Pandora plans to inject new life into its U.S. business by focusing on new products and new stores, Bloomberg reports.

Pandora’s U.S. sales were down 10 percent in the first quarter. The company has closed numerous stores amid a tough retail market.

But Anders Colding Friis told Bloomberg that new products such as an open-ended bracelet have been “well-received” by consumers.

He said company officials “still see opportunities [in the U.S.] and will open more stores, especially in the western part of the country where our store network isn’t fully developed.”

The U.S. currently accounts for about a quarter of the company’s worldwide revenue. That’s down from 40 percent just a few years ago.

The company has ventured beyond charms into other product categories, such as necklaces and earrings. Such offerings will make up a growing portion of Pandora’s business, Bloomberg reports.

Read more at Bloomberg

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.”