IndependentsAug 14, 2026
Smyth Jewelers to Open Fourth LocationThe family-owned jeweler will open a new showroom in Bel Air, Maryland, this fall.
FinancialsAug 10, 2015
Pandora pulls its jewelry from more retailers
The Danish bead and jewelry brand said Tuesday that it closed a total of 125 accounts in the Americas region in the second quarter, almost all of them located in the United States.
Copenhagen, Denmark--Pandora A/S pulled its jewelry from the showcases of 125 silver-, white- and travel-level retailers in the Americas in the second quarter, almost all of them located in the United States.
According to figures released Tuesday when it reported its second quarter earnings, Pandora now has 932 silver retailers and 240 white/travel retailers in the Americas, down from 1,023 silver and 240 white/travel in the first quarter. Pandora refers to these types of retailers as “unbranded” stores.
Meanwhile, the Danish bead and jewelry brand opened 23 new concept stores in the Americas and accounts at 39 new gold-level retailers, while closing eight shop-in-shops, for a net total of 54 new “branded” points of sale in the region.
Pandora’s opening of more branded points of sale--meaning concept stores, shop-in-shops and gold-level retailers--while shuttering accounts at retailers that carry a smaller assortment of goods is a continuation of its strategy to “develop the branded store network.” In the first quarter, the company shuttered the accounts of 105 “underperforming, unbranded” stores.
Sales-wise, revenue in the second quarter in the U.S. was up 42 percent (14 percent in local currency), from $122.2 million to $173.6 million. It was driven in part by the launch of Pandora’s online store as well as the addition of the 22 stores once owned by Hannoush Jewelers to Pandora’s fleet of company-owned and -operated stores.
Same-store sales at U.S. concept stores increased 8 percent during the quarter. Sales in the Northeast region declined slightly but grew by high single-digits elsewhere in the country.
For the Americas as a whole, sales increased 44 percent (19 percent in local currency) due to “positive development” in Pandora’s main markets, the U.S., Canada and Brazil.
Pandora said high demand for the Disney collection, which launched in North America in November, continued to support growth. Shop-in-shops and gold-level retailers started carrying the Disney jewelry during the second quarter.
Globally, the company reported a 41 percent year-over-year increase in sales (26 percent in local currency) in the second quarter, with CEO Anders Colding Friis noting that the company had “yet another strong quarter.”
Gross margin rose from 70.7 percent to 71.5 percent. Net profit for the quarter was $134.9 million, compared with $98.1 million in the second quarter 2014.
The company has raised its guidance for the fiscal year and said Tuesday it now plans to open more than 375
Editors' Picks
Sponsored by
concept stores worldwide in 2015, up from more than 325.
More on Financials
The Latest
CrimeAug 14, 2026
Wife of Man Convicted in Jeweler’s Murder Sentenced for Conspiracy Amanda Ileana Hernandez is married to Carlos Hernandez, one of two men in prison for the 2024 murder of Michigan jeweler Hussein Murray.
TrendsAug 14, 2026
Paul Morelli’s Latest ‘Wavey Vine’ Earrings Embrace ColorThe reimagined jewel, our Piece of the Week, trades the diamonds in the original 1998 design for blue, pink, yellow, and green sapphires.
Brought to you by
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying EventsRetailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.
Supplier BulletinAug 13, 2026
Your Piece Could Be the One Editors Talk AboutSponsored by American Gem Trade Association
Weekly QuizAug 13, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
AuctionsAug 13, 2026
This Gold Cadbury ‘Conundrum’ Egg Set a World Auction RecordThe 22-karat gold egg, sold at Batemans Auctioneers in the U.K., was part of a 1980s treasure hunt ad campaign for Cadbury Creme Eggs.
SourcingAug 13, 2026
2,488-Carat Diamond, Largest Found in Botswana, Has a New Owner Lucara Diamond Corp., which recovered the “Motswedi” diamond from the Karowe mine, sold the stone for an undisclosed amount.
Brought to you by
Wedding Band Trends 2026: Personalization Takes Center StageColored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.
CollectionsAug 13, 2026
John Hardy Infuses ‘Icon,’ ‘Heishi’ Collections with ColorThe expanded collections now feature hand-cut gemstones like topaz, tanzanite, chrysoprase, chalcedony, smoky quartz, and fire opal.
Lab-GrownAug 13, 2026
Jean Dousset Opens Third StoreThe lab-grown diamond jewelry brand’s newest boutique is in Westfield Valley Fair in Santa Clara, California.
SourcingAug 12, 2026
Eshed-Gemstar on the Painstaking Process of Cutting ‘The Legacy Emerald’The gemstone supplier and manufacturer acquired the remarkable 104-gram Zambian emerald at Gemfields’ auction in May.
CrimeAug 12, 2026
Elderly NYC Woman Targeted in Jewelry Swap SchemeTwo suspects offered to trade the woman a “winning” lottery ticket for her jewelry.
SourcingAug 12, 2026
Another Diamond Mine Poised to CloseFinsch has been in business rescue since May, and owner Petra Diamonds said it sees no viable path forward for the mine.
CrimeAug 12, 2026
Jewelry Store Employee Gets 20 Years to Life in Choking Death of BossMichel Patrick DeSalles was sentenced after pleading guilty to the 2017 murder of Omid Gholian, who owned a jewelry store in Manhattan.
MajorsAug 12, 2026
Frederick Goldman Names New SVP of SalesLongtime industry executive Beth Miller has taken on the role.
AuctionsAug 11, 2026
Verdura Unicorn Brooch With Royal Connection Up for Auction The brooch was owned by Virginia Fortune Ryan Ogilvy, who served as a lady of the bedchamber to Queen Elizabeth II for nearly 50 years.
MajorsAug 11, 2026
Signet Jewelers Selects Mattel Exec to Lead Zales, BanterJamie Cygielman will take on the role on Aug. 24.
IndependentsAug 11, 2026
Polly’s Fine Jewelry Co-Owner Richard Moore Dies at 69Moore, Polly’s husband, is remembered as a family man with an easygoing spirit and a love for sports and the outdoors.
ColumnistsAug 11, 2026
Creative Connecting: How to Sell Colored Gemstones to Gen ZDuvall O’Steen and Jen Cullen Williams share the best ways to display, present, and explain colored gemstones to younger customers.
Events & AwardsAug 11, 2026
NAJA Announces Lineup For 2026 Fall Virtual ConferenceThe mid-year conference for jewelry and watch appraisers will take place Sept. 5-6 on Zoom.
TechnologyAug 10, 2026
Colorado Jeweler Launches Customization Tool He Built HimselfHonest Hands Ring Co. Founder Benjamin Bosworth shared his thoughts on jewelry technology and why AI can never replace the human element.
MajorsAug 10, 2026
QVC Exits Chapter 11 Bankruptcy, Names New Interim CEOQVC Group President and CEO David Rawlinson is temporarily being replaced by a familiar face, former QVC CEO Mike George.
CollectionsAug 10, 2026
State Property Puts a Ripple in the ‘The Voyager’ CollectionThe brand also added two one-of-a-kind brown diamond pieces to the “Sanssouci” series of its “Gardens” collection.
MajorsAug 10, 2026
And IJO’s 2026 Vendor of the Year Is … Ostbye took home top vendor honors at the Independent Jewelers Organization’s show, held last month in Kentucky.
Supplier BulletinAug 07, 2026
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying EventsSponsored by Stratus Estate Buyers
MajorsAug 07, 2026
Retail Veteran Pam Cloud Appointed President of Blue NileCloud, who will officially join Blue Nile on Monday, spent 26 years at Tiffany & Co. and founded jewelry brand Roseate.
MajorsAug 07, 2026
Pandora Appoints Paulo Garcia as New CFO Garcia will take over from the company’s current CFO, Anders Boyer, who is retiring at the end of November.
