MajorsSep 08, 2026
Former Tiffany & Co. Exec Joins Exemplar Luxury GroupGretchen Koback Pursel is the new chief people officer at the company formerly known as Saks Global.
FinancialsFeb 18, 2015
Pandora records best quarter ever in the US
Sales of rings and the introduction of Disney jewelry at its concept stores helped boost the brand’s revenues in the fourth quarter.
These “Believe” bangles are from Pandora’s new Disney line, which was rolled out to concept stores in November and is supposed to hit select franchisees sometime in 2015. The Disney jewelry has been “well received,” Pandora said.
Copenhagen, Denmark--The fourth quarter turned out to be a record-breaker in the United States for Pandora, thanks to strong sales of rings and the introduction of Disney jewelry at its concept stores in November.
According to results released by the Copenhagen-based company earlier this week, U.S. revenue reached $166.4 million in the fourth quarter, an increase of 30 percent (20 percent in local currency) year-over-year. Approximately $7.6 million of that is attributable to the conversion of wholesale revenue to retail revenue with the purchase of the stores once operated by Hannoush Jewelers. There were 27 stores in total; Pandora now operates 22 of them and sold the remaining five to Ben Bridge Jeweler.
Pandora said $166.4 million is its highest quarterly revenue ever for the U.S., driven by opening more stores and a 5 percent increase in same-store sales at its existing concept locations. The company opened 38 new concept stores in 2014, bringing its U.S. total to 315.
All major U.S. regions recorded high single-digit increases in same-store sales during the quarter, except the Northeast--the same area where Pandora purchased the stores from Hannoush and has said it is “refreshing the network.” Comps in that area of the country fell.
Category-wise, Pandora said its focus on rings continues to support growth in the market, with revenue in this category increasing “significantly” from the third to the fourth quarter. It also noted that the Disney collection launched in November in North America and has been “well received” by both retailers and consumers.
For the full fiscal year, Pandora’s U.S. revenue grew 13 percent.
In Canada and Latin America, revenue nearly doubled during the fourth quarter due to strong sales in Canada, where rings also proved popular, and the brand’s move to now include sales from Brazil under Other Americas (previously, they were recognized under Other Europe.) For the full year, revenue was up 39 percent (46 percent in local currency.)
The company’s release of its fourth quarter and fiscal year results comes a week after National Jeweler learned that the company had laid off 70 employees in the Americas, a portion of which it said it will hire back into different roles. A company spokeswoman in the U.S. said the layoffs were not the result of orders from Copenhagen but rather a desire to streamline its visual merchandising operations.
Globally, Pandora recorded a 33 percent
year-over-year increase in revenue in 2014, reaching $1.82 million as compared with $1.38 million in the prior fiscal year. Gross margin increased from 66.6 percent to 70.5 percent. Reported net profit also climbed, increasing 40 percent to $472.8 million.
Remarking on the company’s results, CEO Allan Leighton said it was the company’s strongest fourth quarter ever and resulted in 2014 as a whole being a “very successful year for Pandora.” Revenue from charms and bracelets increased more than 25 percent and revenue from rings topped 1 billion Danish krone (about $153 million.)
He also noted that the company continues to focus on opening more company-owned and -operated concept stores. Pandora opened concept store No. 1,400 during the fiscal year.
More on Financials
The Latest
IndependentsSep 08, 2026
Ricky Bromberg, Longtime President of Bromberg & Co., Dies at 67 Bromberg is remembered as a Southern gentleman who always wore a suit and tie and treated others with kindness.
TrendsSep 08, 2026
Amanda’s Style File: A Hot Take on September’s Birthstone With high durability and a wide range of colors to choose from, sapphires may be the ultimate birthstone, Gizzi claims.
Brought to you by
Your Piece Could Be the One Editors Talk AboutSubmit your pieces for a chance to win in this year's competition.
ColumnistsSep 08, 2026
Peter Smith: Humor Is No Laughing MatterLaughter is often considered a distraction in the workplace, but it has benefits for both staff and management, Peter Smith writes.
Weekly QuizSep 03, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
IndependentsSep 04, 2026
Orloff Jewelers Will Soon Unveil a Bigger, Better LocationThe California jeweler is renovating its store in Fresno, with plans to show off the new space in December.
CollectionsSep 04, 2026
Chelsea Gabrielle Transforms Pilates Reformer Springs Into Ring A lifelong practitioner of Pilates, Gabrielle looked to the springs’ tension and suspension when creating this ring, our Piece of the Week.
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.
Events & AwardsSep 04, 2026
JCK Industry Fund Accepting 2027 ApplicationsThe deadline to apply is Nov. 13.
AuctionsSep 04, 2026
Christie's Names New Global Head of WatchesThe auction house has promoted Remi Guillemin, formerly its head of watches for the Americas and EMEA, to the role.
EditorsSep 03, 2026
Q&A: Simon G.’s CEO on Why He Won’t Use AI for Jewelry DesignZaven Ghanimian discussed the value of human craftsmanship and where the implementation of artificial intelligence does work.
Events & AwardsSep 03, 2026
Here Are the First Recipients of Nina Pugliese Memorial Scholarship Jewelers of America also revealed the recipients of the Seymour & Evelyn Holtzman Bench Scholarship and its own scholarship programs.
WatchesSep 03, 2026
Robert Pattinson Joins Jaeger-LeCoultre as Brand AmbassadorThe British actor, known for his roles in “Twilight” and “The Odyssey,” will star in a campaign for the Master Control Chronometre.
CollectionsSep 03, 2026
Sydney Evan Celebrates 25 Years With 4 New CollectionsThe “Confetti Disco,” “Champagne Cheers,” “Tuxedo,” and “Classic Punk” jewelry collections each capture a distinct spirit of celebration.
CrimeSep 02, 2026
CA Jeweler Gets 5 Years in ‘Phantom Rolex’ Ponzi SchemeNelson Holdo of Newport Beach pleaded guilty to multiple counts of felony grand theft and writing bad checks and was sentenced Monday.
AuctionsSep 02, 2026
If You Love Cats, This Jewelry Auction Is for YouCat ladies of the jewelry world, unite. Sandy Lerner’s “significant” collection of cat jewelry and other objects is going up for auction.
MajorsSep 02, 2026
Messika Names Former Omega Exec as New President, CEO of AmericasArnaud Michon, the former Omega USA President, will now lead Messika’s Americas region during its international development.
Events & AwardsSep 02, 2026
Emerald’s New Owner Introduces ‘Glitter in the Grove’The branding references the back-to-back jewelry shows that new parent company Forge will host in Miami's Coconut Grove this November.
AuctionsSep 01, 2026
UK Woman Uncovers Rare Patek Philippe Watch in Mom’s Jewelry BoxThe stainless steel Patek Philippe “Calatrava” watch from the 1930s sold for nearly $80,000 at a recent Hansons Cornwall auction.
ColumnistsSep 01, 2026
Your Jewelry Marketing Has a Bridal ProblemEngagement rings are important but don’t ignore the customers who are buying jewelry “just because,” Emmanuel Raheb writes.
MajorsSep 01, 2026
Kering Names New Pomellato, DoDo CEOsFormer Pomellato CEO Sabina Belli has been named president of Kering Italia amid a shakeup of Kering's new Jewelry division.
MajorsSep 01, 2026
Anne Marie Shulman Joins GPA GlobalThe veteran luxury packaging executive was appointed to help the company grow its North American business.
CrimeAug 31, 2026
$4M Van Cleef & Arpels Diamond Necklace Snatched From Vienna Museum Once the property of an Egyptian queen, the necklace was part of a larger exhibition of VCA jewelry at the Museum of Applied Arts (MAK).
GradingAug 31, 2026
GIA, Gübelin Gem Lab Confirm New Paraíba Tourmaline Deposit in EthiopiaThe labs’ separate investigations each determined that the East African country is producing copper-bearing tourmaline.
Events & AwardsAug 31, 2026
Wisconsin Museum to Host Jewelry Exhibition“Chicago Collects: Jewelry in Perspective” at the Oshkosh Public Museum will feature works by Fabergé, Lalique, and Louis Comfort Tiffany.
CollectionsAug 31, 2026
Catbird Launches First Men’s Jewelry CollectionThe “Worn Well” collection is Catbird's take on classic men's jewelry.
CollectionsAug 28, 2026
Dolly Parton Would Have Loved This Butterfly Necklace This Buddha Mama butterfly is our Piece of the Week honoring the legend, who embraced the beautiful insect as her symbol.
