TrendsOct 03, 2025
Selena Gomez, Benny Blanco Tie the Knot Wearing Diamonds, White MetalsGomez’s jewelry included Tiffany & Co. drop-style earrings while Blanco stacked diamonds from Jacob & Co. on his wrist.
FinancialsFeb 07, 2017
Pandora Cut No. of Multi-Branded Retailers by 32% in 2016
In the Americas, the network shrunk by more than 50 percent, including 200 Jared stores that were converted into shop-in-shops.
Copenhagen, Denmark--Pandora saw global revenue rise 21 percent in 2016 as it continued to open more concept stores and shop-in-shops while closing accounts at multi-branded retailers.
The Danish bead and jewelry brand reported Tuesday that revenue in the Americas was up 5 percent, from $937.8 million to $983.0 million.
Sales in the United States were up 5 percent to $740.4 million, accounting for one-quarter of Pandora’s total global revenue.
During the year, Pandora opened net 27 new concept stores in the U.S., bringing the total in the market to 346. It closed accounts at 829 multi-branded retailers, including the more than 200 Jared the Galleria of jewelry stores that were converted into shop-in-shops.
Looking at the U.S., Latin America and Canada (the Americas), the number of branded stores--meaning concept stores and shop-in-shops--grew 26 percent to 1,484 in 2016.
The number of multi-branded points of sale, meanwhile, shrunk by 53 percent from 1,888 in 2015 to 881 by the end of 2016.
Globally, Pandora reported that its 2016 revenue totaled $2.92 billion, up from $2.40 billion in 2015.
Earnings before interest, tax, depreciation and amortization (EBITDA) was $1.13 billion, a 27 percent increase. EBITDA margin for the year was 39.1 percent compared with 37.1 percent in 2015.
Pandora attributed the growth to the opening of net 336 concept stores--or, almost one a day--noting that, “Together with the closing of multi-branded stores, this gave us a stronger and much more branded store network compared with the beginning of the year.”
The openings brought the company’s global total to 2,138 concept stores in addition to 2,027 shop-in-shops and 17 online stores worldwide. Pandora said its best-performing store in terms of sales was the Pitt Street store in Sydney, Australia.
Meanwhile, the number of multi-branded retailers that sell Pandora was cut by 1,829, dropping from 5,795 in 2015 to 3,966 by the end of 2016. Multi-branded retailers declined from generating 18 percent of global revenue in 2015 to 14 percent in 2016.
Pandora noted that while multi-branded stores have “historically been an important part of (its) strategy, especially in new and expanding markets,” their numbers will “naturally decrease” as it opens more concept stores and shop-in-shops.
In 2017, Pandora is entering the Indian market through a partnership with Pan India Charms & Jewellery Pvt. Ltd, as previously announced.
The company said it expects global revenues of $3.3-$3.45 billion in 2017, an increase of 13 to 18 percent, with revenue
split equally between new and existing stores.
More on Financials
The Latest
GradingOct 03, 2025
Grading Lab HRD Antwerp Names New CEODiamond industry banking veteran Paul De Wachter will take on the role in January 2026.
TrendsOct 03, 2025
Piece of the Week: Kallati’s Pink Sapphire RingTaylor Swift flaunts an Elizabeth Taylor-esque gemstone in promo for her new album, “The Life of a Showgirl.”
CollectionsOct 02, 2025
Boucheron Debuts Cuffs Crafted With 3D-Printed SandIts “Quantre Sand” capsule was made using a 3D sand printing technique borrowed from the automotive and aeronautics industries.
Weekly QuizOct 02, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CrimeOct 02, 2025
$1M in Jewelry Stolen in Northern California Smash and Grab Four individuals have been charged in the “takeover-style” robbery of Heller Jewelers last month, and additional charges are expected.
MajorsOct 02, 2025
Neil Lane Jewelry Exhibition Coming to Toledo Museum of Art“Radiance and Reverie” will showcase more than 150 jewels from Lane’s personal collection by Tiffany & Co., Cartier, and more.
Brought to you by
reDollar.com Is Rolling Out the Next Level Jewelry, Diamond & Watch Consignment ProgramWith their unmatched services and low fees, reDollar.com is challenging some big names in the online consignment world.
TrendsOct 02, 2025
Amanda’s Style File: October’s Colorful ShowThe month’s birthstones, tourmaline and opal, complement the palette of autumn.
ColumnistsOct 01, 2025
Peter Smith: Why Vendor Success Starts With Self-ReflectionSmith shares the importance of looking at your company with openness and honesty to identify opportunities you may be missing.
EditorsOct 01, 2025
Playing Favorites: The Best Jewelry From VicenzaoroAssociate Editor Natalie Francisco visited Italy to spot jewelry trends at the September Vicenzaoro show and share her top finds.
SurveysOct 01, 2025
Consumer Confidence Hits 5-Month Low in September Respondents were concerned about job availability and rising prices.
SourcingOct 01, 2025
Gemfields’ H1 Revenue Falls 47%Its latest interim financials revealed a challenging first half due in part to production troubles at its mines.
MajorsSep 30, 2025
Pandora CEO to Retire in 2026, Hand Reins to CMO Alexander Lacik has led Pandora since 2019. Berta de Pablos-Barbier will succeed him, the first woman to head the company.
CrimeSep 30, 2025
2 Suspects Charged in $300K Sleight-of-Hand Jewelry Store ScamTwo men allegedly used counterfeit bills to purchase luxury watches and jewelry from a North Carolina jeweler.
CollectionsSep 30, 2025
Billie Eilish, Finneas Partner with John HardyThe “Lovestruck” collection, designed with the Academy and Grammy award-winning siblings, is the brand’s first lab-grown diamond offering.
IndependentsSep 30, 2025
Spinelli Kilcollin Announces Residency in DallasThe brand, celebrating its 15th anniversary, has popped up at Market, a luxury fashion destination in Highland Park Village.
IndependentsSep 29, 2025
Nina Pugliese, Longtime Henne Jewelers Employee, Dies at 65She was remembered as a creative and generous woman of faith, who also had a sweet tooth.
TrendsSep 29, 2025
Amanda’s Style File: Ear FocusMove over neck mess, the ear story is the way to make a layering statement today.
IndependentsSep 29, 2025
Mark Henry Jewelry to Debut in CanadaThe New York-based brand is set to launch a limited-time offering for the holiday season at Holt Renfrew in Toronto.
MajorsSep 29, 2025
Overnight Releases New Bridal CatalogThe “Volume 7” bridal catalog features best-selling engagement rings, trending styles, and a new section highlighting anniversary bands.
SurveysSep 26, 2025
Online Shopping, Influencers to Drive Holiday Spending, Mastercard SaysHoliday sales growth is expected to slow as consumers grapple with inflation and tariff-related uncertainty.
Events & AwardsSep 26, 2025
Winners of Austin Jewelry Design Contest Announced Jamie Turner Designs is among the winners of the local “Austin Shines” contest, hosted by Eliza Page, a jewelry store in Austin, Texas.
TrendsSep 26, 2025
Piece of the Week: Kwit Jewelry’s Square Signet Pinky RingThe red and azure colorway is one of many fun enamel pairings offered, bringing whimsy to the classic style of a monogramed signet ring.
Policies & IssuesSep 25, 2025
JA CEO Provides Tariff Update Following Annual Fly-InA trade deal with Switzerland seems probable, but reaching an agreement with India remains a challenge, David Bonaparte said.
SourcingSep 25, 2025
2 African Countries Aim to Take Stake in De Beers Botswana’s president said his country wants a controlling share, while Angola envisions multiple countries holding minority stakes.
Lab-GrownSep 25, 2025
Kira Jewels Expands Lab-Grown Diamond ProductionThe manufacturer is adding 1,400 chemical vapor deposition (CVD) reactors to its growing facility in India.
