IndependentsMay 04, 2026
Zadok Jewelers, Austin Parks Foundation Support Wildflower PreservationA portion of every engagement ring sold in its Austin showroom will support the care and preservation of Austin’s wildflowers and green spaces.
FinancialsMay 12, 2015
Pandora closes 105 ‘unbranded’ stores
The brand said Tuesday when releasing its first quarter financial results that it closed 105 silver, white and travel retail doors in the Americas, almost all of them in the United States.
Copenhagen, Denmark--Pandora has pulled its jewelry from 105 “underperforming, unbranded” stores in the Americas, almost all in the United States, as it continues to focus on opening more company-owned and -operated stores.
In the first quarter, the company closed 71 “silver” retailers, meaning multi-brand retailers carrying a medium-sized assortment of Pandora product and with less in-store branding than gold-level retailers, as well as 34 “white” retailers, which refers to dealers that carry a limited assortment, and travel retail locations.
The closures brought the total number of places in the Americas that are selling Pandora but are not entirely or heavily branded as such to 1,297, down from 1,468 a year ago.
Meanwhile, the number of Pandora-owned and -operated stores has increased from 21 a year ago to 61 today, mainly due to the acquisition of 22 stores that Hannoush Jewelers once owned and operated but were taken over by Pandora.
The Copenhagen-based bead and jewelry brand also now has an e-commerce store in the U.S. that’s independent of its retail partners.
“As part of the continued focus on the branded part of the network, underperforming, unbranded stores are being closed and during the quarter 105 unbranded stores, almost all located in the U.S., were closed in Americas,” Pandora said Tuesday in its interim report for the first quarter.
Sales in the Americas increased 34 percent (13 percent in local currency) year-over-year in the first quarter, including 38 percent growth in the U.S. market (13 percent in local currency). Pandora said demand for its Disney collection of charms and jewelry was strong.
Globally, total sales for Pandora reached $532.8 million in the first quarter 2015, an increase of 37 percent (22 percent in local currency) when compared with the first quarter 2014.
Gross margin rose slightly, from 69.1 percent to 71.1 percent, but net profit was down from $105.8 million to $57.5 million, impacted by additional tax expenses and finance costs.
The company said it plans to open more concept stores worldwide than originally projected this fiscal year--more than 325, up from more than 300.
Pandora also raised its revenue guidance for the fiscal year from more than 14 billion Danish krone ($2.10 billion) to more than 15 billion Danish krone ($2.25 billion).
New CEO Anders Colding Friis, the former tobacco company executive who succeeded Allan Leighton on March 1, said, “Once again, we are off to
Editors' Picks
Sponsored by
a strong start to the year, with all geographic regions, as well as all product categories, generating double-digit growth rates.”
More on Financials
The Latest
TechnologyMay 01, 2026
Gemist, Saban Onyx Partner on Retailer-Focused Customization OfferingTheir partnership combines Gemist’s customization technology with Saban Onyx’s U.S.-based manufacturing capabilities.
SurveysMay 01, 2026
Consumer Confidence Inches Up in April Despite Rising Gas PricesRespondents were concerned about the Middle East conflict and how it will impact their finances.
Brought to you by
Discover Timeless Treasures: A Showcase of Antique Jewelry & Timepieces in Las VegasGain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.
CollectionsMay 01, 2026
A ‘Hidden Garden’ Emerges in Tiffany & Co.’s 2026 Blue BookOur Piece of the Week, the “Butterfly” necklace, showcases a 7.02-carat oval diamond set between diamond, platinum, and 18-karat gold wings.
Weekly QuizApr 30, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
ColumnistsApr 30, 2026
Peter Smith: A Sleazy Salesman and the Case for Regret Avoidance Smith uses a comment he overheard in the grocery store to remind retailers that their job is to inspire buying behavior, not just sell.
MajorsApr 30, 2026
Claire’s New Summer Campaign Is a Sensory Wonderland for Gen Alpha“A Girl SMR at Claire’s” celebrates girlhood through the five senses with stacked jewelry, slime toys, scented accessories, and ASMR.
Brought to you by
Las Vegas Antique Jewelry & Watch Show: Showcasing the Most Collectible Merchandise from Across the GlobeGain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.
AuctionsApr 30, 2026
Vintage Cartier Watch Crashes Through Records, Selling for $2MBelieved to be one of three made in 1987, the Cartier London Crash was hot at the “Shapes of Cartier” sale at Sotheby’s Hong Kong.
CrimeApr 30, 2026
Masked Group Uses Hammers, Pepper Spray in Texas Jewelry Store RobberyOfficials are looking for a group that robbed Marc Robinson Jewelers at an outlet mall in Round Rock, Texas, in broad daylight on April 21.
Supplier BulletinApr 30, 2026
OROAREZZO 2026: The B2B Event for Italian Excellence in Goldsmith, Jewelry and Silver ManufacturingSponsored by OROAREZZO International Jewelry Exhibition
TechnologyApr 29, 2026
The Thought Process Behind the Mother's Day Email Opt-OutSome retailers are taking a nuanced approach to marketing what can be a difficult holiday for many.
IndependentsApr 29, 2026
Dick Abbott to Retire From The EdgeThe Edge has announced its new CEO, as well as a new partnership with an investment firm focused on founder-led software businesses.
SourcingApr 29, 2026
De Beers’ Production Rises, Market Remains ‘Challenged’De Beers’ diamond production was up 17 percent in Q1, boosted by increased output at its mines in South Africa and Canada.
AuctionsApr 29, 2026
This'll Be the Day You Own John Wayne's RingA signet ring belonging to the Western film star of Hollywood’s Golden Age will be up for auction at Elmwood’s next month.
Policies & IssuesApr 28, 2026
Tariff Refunds: How to File, What to Expect Importers can submit claims now to receive money back for the IEEPA tariffs they’ve paid, with refunds expected to take up to 90 days.
IndependentsApr 28, 2026
This North Carolina Jeweler Is Passing the TorchThe owners of Gregory Jewelers in Morganton, North Carolina, are heading into retirement.
SourcingApr 28, 2026
Doug Hucker Retires From ICAThe colored gemstone industry leader is heading into retirement after four years as the association’s CEO.
SourcingApr 28, 2026
NDC Hires Tapestry Exec to Head Global Marketing Susie Dewey joins the Natural Diamond Council as its new chief marketing officer.
AuctionsApr 27, 2026
12 Years Later, the ‘Ocean Dream’ Diamond Resurfaces at Christie’sThe largest known fancy vivid blue-green diamond could fetch more than $12 million at its second auction appearance.
ColumnistsApr 27, 2026
Stop Treating Mother’s Day Like an AfterthoughtEmmanuel Raheb says jewelers need to start marketing early and make it easy for customers to pick a gift for mom.
IndependentsApr 27, 2026
Longnecker Jewelry Celebrates 30 YearsIn honor of the milestone, the Nebraska jeweler has debuted Leslie & Co., its new in-house jewelry brand.
MajorsApr 27, 2026
JBT Re-Elects Jeff Corey as Board ChairThe trade organization, which held its annual elections earlier this year, also added five new board members.
SurveysApr 24, 2026
Mother’s Day 2026 Jewelry Spending to Top $7B, NRF SaysNRF’s annual survey found that 45 percent of consumers plan to purchase jewelry for a loved one this Mother’s Day.
TechnologyApr 24, 2026
TwentyFour’s Digital-Age Locket Is a Virtual VaultThe “Vault” charm, our Piece of the Week, expands on the memories that can be stored in a locket by connecting to your phone.
Events & AwardsApr 24, 2026
Hamptons Jewelry Show to Return in JulyThe open-to-the-public luxury jewelry and timepiece show, in its second year, is slated for July 23-26.
IndependentsApr 23, 2026
Meet the Real Moms of Day’s JewelersThe jeweler’s Mother’s Day campaign highlights the women who work there—mothers, grandmothers, women who want to be mothers, and dog moms.
