Headlines

Pandora Is Having an Absolutely Horrible Year on the Stock Market

The share price recently fell 12% in a day.

Published

5 years ago

December 17, 2018

INSTORE Staff

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.

Jimmy Degroot

Smith and DeGroot Release ‘A Vendor Perspective’ Podcast Episode

Jimmy Degroot

Video: Split Sales Require Effort

Jimmy Degroot

The Business of Jewelry Podcast Special Edition (Part 2)

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?

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

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.”