Profit Warning
Profit warnings are key indicators of financial pressure within the jewellery and retail sectors, often signalling shifts in consumer spending, supply costs, or market demand. This coverage examines profit warnings issued by jewellery retailers, manufacturers, and related businesses, analysing their causes and implications for the wider trade. Jewellery Focus reports on company statements, market reactions, and recovery strategies, offering insight for industry professionals monitoring financial performance and sector resilience.
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Nov- 2019 -5 NovemberRetailers
Pandora sales slip in third quarter
Jewellery brand Pandora has reported a 10% drop in like-for-like sales in its third-quarter results. Overall earnings over the quarter, before interest and tax, fell by 25%. Meanwhile, the companyโs organic growth for the year is expected to land between -7% and -9%, despite previous forecasts of a growth between…
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Aug- 2018 -28 AugustEditor's Blog
Not so charmed
This month brought the news that Anders Colding Friis would stepping down as president and CEO of Pandora by the end of August. His departure was announced against a backdrop of shares which slumped by nearly a quarter on Tuesday 7 August after a reduced sales and profit growth forecast,…
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9 AugustAppointments
Pandora CEO steps down following profit warning
Pandora has announced Anders Colding Friis is stepping down as president and CEO of the company effective 31 August 2018. The company saw its shares slump nearly a quarter on Tuesday 7 August when it announced it was reducing its sales and profit growth forecast, and after a follow-up announcement…
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