A stack of Disney bracelets from Pandora. The bead brand saw sales at shop-in-shops drop 27 percent in the first quarter 2016, as they were up against tough comps from the initial Disney sell-in in Q1 2015.
The bead and jewelry brand cut 55 of what it’s now classifying as “multi-branded” retailers in the first quarter.
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Due to lower foreign spending and softness in sales to U.S. consumers, same-store sales and total sales decreased in the company’s Americas regions in both the fiscal fourth quarter and the full-year period.
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