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The changes come as the company said it expects revenue from Pandora-owned concept stores to surpass that of franchise concept stores this year. Read more »
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. Read more »
Increased demand for rough diamonds and a weaker ruble also helped profit increase fourfold for the miner.
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With slow sales amid a challenging environment and retailers scaling back on inventory, the company is eliminating positions as it implements cost-saving initiatives.
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Total sales in the region also were down 3 percent as spending in the U.S. remains soft.
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National Jeweler

Fine Jewelry Industry News

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.