Headlines

After Ridiculously Good First Quarter, Pandora Sets Sights on $3 Billion Sales Mark

Published

8 years ago

May 16, 2016

INSTORE Staff

Manufacturer’s footprint continues growing with more store openings planned.

Pandora raised its revenue expectations for the year after reporting outstanding first quarter results, as sales in the first three months of 2016 skyrocketed 34 percent over last year and profit reached nearly $200 million, according to Rapaport. The article says that the Denmark-based jeweler now forecasts its annual revenue to hit $3.06 billion, which would represent a 19 percent increase from a year ago. The company is attributing this year’s expected growth equally to higher same-store sales and its expanding store network, saying it now plans to open 275 concept stores in 2016, up from its previous estimate of 250.

Why This Jeweler Chose Wilkerson

Mark Lauer is the owner of Mark Michael Diamond Designs, the Minnesota-based jewelry gallery known for exceptional and uniquely designed diamond jewelry. Though he loved creating the beautiful jewelry his business was known for, retirement was an exciting alternative to the 60+ hours a week he’d spent building it up. He called Wilkerson to help with a retirement sale. “I did talk to two other companies, but I just didn’t feel they offered the same services that Wilkerson did,” he says. “I knew Wilkerson had the expertise to follow through and give me the service and results that I wanted. They’re the number one rock stars in this industry.”