The share price of Danish jewelry maker Pandora A/S has fallen more than 50 percent this year, including a 12 percent decrease on Dec. 12.
Last week’s plunge followed a warning by Carnegie, a brokerage, to its clients to be ready for a rough fourth quarter and 2019, Bloomberg reports.
In all, Pandora’s market value has fallen by about $7 billion this year, bringing the company’s value to less than $5 billion. At its peak about two years ago, Pandora’s value was $18 billion, Bloomberg notes.
The last time Pandora had a year this bad in terms of stock performance was 2011. The company’s markekt value fell by 84 percent that year.
So why the terrible year?
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Per Hansen, investment economist with Nordnet in Denmark, says Pandora “doesn’t just need better sales momentum and a complete overhaul in terms of the cost side,” according to Bloomberg.
Rather, Hansen says, it “also needs to find itself again and stabilize the downward spiral.”
Read more at the Bloomberg
Family Legacy, New Chapter: How Wilkerson Turns 89 Years of History Into Future Success
After 89 years of serving the Albany community, Harold Finkle Your Jeweler faced a pivotal decision. For third-generation owner Justin Finkle, the demanding hours of running a small business were taking precious time away from his young family. "After 23 years, I decided this was the time for me," Finkle explains. But closing a business with nearly nine decades of inventory and customer relationships isn't something easily managed alone.
Wilkerson's comprehensive approach transformed this challenging transition into a remarkable success story. Their strategic planning handled everything from advertising and social media to inventory management and staffing — elements that would overwhelm most jewelers attempting to navigate a closing sale independently.
The results speak volumes. "Wilkerson gave us three different tiers of potential goals," Finkle notes. "We've reached that third tier, that highest goal already, and we still have two weeks left of the sale." The partnership didn't just meet financial objectives—it exceeded them ahead of schedule.
