Headlines

Pandora Is Having an Absolutely Horrible Year on the Stock Market

The share price recently fell 12% in a day.

Published

6 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.

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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

You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”