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The outsourcing includes a seven-year deal with Progressive Leasing that will allow customers who don’t qualify for credit to do a lease-purchase on jewelry.
Spending by both foreign tourists and local customers was down, with comps in the Americas region as a whole sliding 4 percent.
They were down 10 percent due to a “difficult” retail environment, particularly in the country’s malls.
The changes come as the company said it expects revenue from Pandora-owned concept stores to surpass that of franchise concept stores this year.
But the company noted it was up against soft comps in Europe, where sales were down in early 2016 following the November 2015 terrorist attacks in Paris.
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Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.