CollectionsJun 29, 2026
Briony Raymond’s New Collection Is a ‘Carousel’ of Hard StonesThe new jewelry collection uses a colorful palette of onyx, malachite, tiger’s eye, mother-of-pearl, lapis, turquoise, and coral.
FinancialsMay 16, 2018
Pandora Sees Sales Drop 8% in US
The bead and jewelry brand says the problem is the same-old product in stores.
While Pandora blamed lack of fresh product for the sales decline in the U.S., CEO Anders Colding Friis said he was “pleased with the positive reception” to the company’s new spring collection, which includes Pandora Shine.
Copenhagen, Denmark--First quarter sales dropped 8 percent year-over-year in the U.S. market for Pandora, with the Danish bead and jewelry brand blaming a lack of fresh product and slow sales in physical store.
Revenue in the United States in Q1 totaled $162 million, with $5.6 million of that coming from the acquisition of franchise stores. (Pandora acquired a total of 17 franchise stores globally in the first quarter, the bulk of them in the United Kingdom.)
Like-for-like sales in the company-owned concept stores grew 9 percent, but that growth was mainly driven by sales on the e-commerce site, which is included in the like-for-like calculation.
Pandora continues to put money behind company-owned concept stores, opening 64 of them in the U.S. over the past year. It now has a total of 380 concept stores in the U.S. market, with 117--or 31 percent--of those being company owned.
Revenue in the Americas region as a whole (the U.S., along with Canada, Latin America and the Caribbean) also declined in Q1, falling 4 percent year-over-year.
The region is set to soon be under new leadership for Copenhagen, Denmark-based Pandora; Scott Burger stepped down in February after nearly six years heading the market. The company, which has its headquarters for the Americas in Baltimore, said it plans to name Burger’s replacement in the second quarter.
Globally, first quarter revenue was up 6 percent year-over-year to $820.5 million.
Pandora’s biggest boost came from the EMEA region (Europe, the Middle East and Africa), while slow sales in China were a drag on the Asia-Pacific region.
Revenue from Pandora-owned retail outlets was up 32 percent in the quarter, and now accounts for more than half the company’s total sales.
EBITDA dropped from $299 million (36.4 percent margin) to $265.3 million (32.6 percent margin).
In the company’s statement on first quarter results CEO Anders Colding Friis said: “As anticipated, sales growth has started out at a moderate pace and is expected to improve as we gradually introduce more newness in our product assortment throughout the year.”
The company ended the quarter with 2,485 concept stores worldwide.
Of those, 1,022--or 41 percent--are owned and operated by Pandora. The number of company-owned stores is up by 660 year-over-year.
More on Financials
The Latest
IndependentsJun 29, 2026
Look Inside Lee Michaels’ Revamped Mississippi FlagshipLee Michaels Fine Jewelry is celebrating 30 years in the Ridgeland, Mississippi community.
GradingJun 29, 2026
National Rarities Announces New Gemology ManagerSean Milliner has joined the company.
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.
GradingJun 29, 2026
GIA to Open New London CampusClasses will begin in August at GIA’s new Canary Wharf location.
Weekly QuizJun 25, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
AuctionsJun 26, 2026
‘Hogback’ Diamond Ring Finds a New Home A ring set with “hogback” diamonds, an early stone cut dating to around the 16th century, sold for more than $20,000 at a U.K. auction.
CollectionsJun 26, 2026
Strength Is Sharpened Into Beauty in Kris Averi’s ‘Prism Thorn’ RingThe rainbow version of the ring, our Piece of the Week, features angel-cut, octahedral lab-grown sapphires designed to be worn as armor.
Brought to you by
Building the Future of Jewelry Retail: DCA Expands Education, Leadership Development, and Workforce SolutionsDCA is preparing the next generation of professionals by supporting workforce development, leadership growth, and career advancement.
MajorsJun 26, 2026
Rembrandt Charms Debuts ‘Charms That Give Back’The new initiative donates a portion of the proceeds from select charms to charitable causes.
TrendsJun 26, 2026
Bernard James Celebrates Knicks’ Win with RingThe Brooklyn-based jeweler created a limited-edition version of its “Aura” eternity band, set with gemstones in the team’s colors.
SourcingJun 25, 2026
ICA Names Brandee Dallow as CEODallow will lead the International Colored Gemstone Association, effective July 6.
EditorsJun 25, 2026
Out & About: How Jewelers Mutual, SCAD Are Tackling the Bench Jeweler ShortageSenior Editor Lenore Fedow headed to Savannah to learn more about the 10-year, $10 million partnership between JM and the art school.
CollectionsJun 25, 2026
Mejuri Experiments With SteelIts new capsule jewelry collection features gold-finished stainless steel pieces designed for a maximalist look without a luxury price tag.
Events & AwardsJun 25, 2026
Watches & Wonders Announces 2027 DatesThe week-long event in Geneva is slated for April 2027.
SourcingJun 25, 2026
Annie Doresca, Mark Smelzer, Sara Yood Join Gem Legacy BoardThe three industry leaders bring financial, communications, and legal expertise to the nonprofit’s board of directors.
ColumnistsJun 24, 2026
The Revenue Hiding Between Your Counter and Your Online CartJewelers are missing out by not offering this one key add-on at the online point of sale, Emmanuel Raheb writes.
CollectionsJun 24, 2026
Greenwich St. Jewelers, Jewel Boxing’s Latest Drop Is On-TrendThe fourth collaborative collection from the retailer and jewelry content creator focuses on gemstone charms and strands of colorful beads.
Events & AwardsJun 24, 2026
AGTA Accepting Entries for Spectrum 2026This year’s AGTA Spectrum & Cutting Edge Awards will feature two new categories.
SourcingJun 24, 2026
Columbia Gem House To Offer Alexandrite Melee OnlineThe collection features traceable alexandrite from Brazil in calibrated sizes that is sorted by grade.
MajorsJun 24, 2026
CaratLane Names New Chief Sales OfficerDhaval Raja has been appointed to the role.
CollectionsJun 23, 2026
Francesca Villa Goes ‘On the Road’The capsule collection looks to vintage trunk pins that echo the spirit of speed, freedom, and the mythology of the American road trip.
SourcingJun 23, 2026
New Paraíba Tourmaline Source Reportedly Discovered in EthiopiaSSEF issued a notice about the potential new source of the sought-after gemstone, citing “credible reports” from trade sources.
MajorsJun 23, 2026
Etsy Says ‘Shop Other Jeffs’ This Prime DayAs Amazon Prime Day kicks off, Etsy is encouraging shoppers to support small businesses.
Events & AwardsJun 23, 2026
AGA Announces 2026 Scholarship WinnerCole Winward is the recipient of 2026 AGA Gemological Scholarship.
EditorsJun 22, 2026
15 Pieces of Jewelry That Brought Us Joy in Vegas Whether they evoked nostalgia, wonder, or laughter, these jewels put a smile on our faces.
Events & AwardsJun 22, 2026
Plans Announced for New Trade Show in BaselScheduled for April 2027, Basilia will be the first watch and jewelry trade show held in Basel since the collapse of Baselworld in 2020.
Events & AwardsJun 22, 2026
Gem Awards Opens 2027 Nomination PeriodSubmissions for the milestone 25th annual Gem Awards will be accepted across three categories from now through July 31.
