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Pandora Is Shifting Attention to Concept Stores, and It’s Working

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Total sales skyrocketed by 40 percent in 2015.

Pandora closed 1,422 unbranded stores in 2015 as the retailer sharpened its focus on concept stores, according to Rapaport. The report says the Denmark-based retailer opened 392 concept stores last year, increasing its annual sales by 40 percent in the process. Pandora’s total sales in 2015 amounted to $2.52 billion, and net profit increased by 10 percent to $554 million. The report adds that the retailer has closed unbranded stores throughout the year, including 116 such locations in the Americas in the third quarter.

Read more at Rapaport

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Ready to Relocate? Wilkerson Makes Your Move Seamless

When Brockhaus Jewelry decided to leave their longtime West Main Street storefront for a standalone building elsewhere in Norman, Oklahoma, owners John Brockhaus and Brad Shipman faced a familiar challenge: how to efficiently reduce inventory before the big move. Their solution? Partnering with liquidation specialists Wilkerson for a second time. "We'd already experienced Wilkerson's professionalism during a previous sale," Shipman recalls. "But their approach to our relocation event truly impressed us. They strategically prioritized our existing pieces while tactfully introducing complementary merchandise as inventory levels decreased." The carefully orchestrated sale didn't just meet targets—it shattered them. Asked if they'd endorse Wilkerson to industry colleagues planning similar transitions—whether relocating, retiring, or refreshing their space—both partners were emphatic in their approval. "The entire process was remarkably straightforward," Shipman notes. "Wilkerson delivered a well-structured program, paired us with a knowledgeable advisor, and managed every detail flawlessly from concept to completion."

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