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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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When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

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