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6/26/2018 12:44:51 AM
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Pandora Australia closes more accounts
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Pandora Australia Sale has announced it will cease distribution of its products in a number of Australian retail stores in favour of its increased concept store sector.
Pandora Charms Australia managing director Mikael Kruse Jensen announced in June it would “close a number of wholesale accounts to continue with [its] strategy.”
Jeweller contacted Jensen regarding the exact number of closures, but received no response. It is believed to be as many as 100, which would be in line with previous rounds of accounts closures in 2011 and another 100 accounts closed in 2012.
In an email to stores Jensen stated, “We appreciate that this decision may be difficult to understand for some of you, however we have made this decision to strengthen the experience we provide consumers.”
Jeweller is also aware that many of the accounts affected by Pandora’s decision have subsequently been dumping stock and, as one industry person explained, “flogging it off now to rake in the dollars. All stock is being liquidated.”
Another retailer whose account was closed said the most disappointing thing is that all back orders, including specific customer orders, were immediately cancelled which meant the store’s customers who had been waiting for Pandora to supply would now not receive their Pandora Rings On Sale product, some of which were ordered as gifts.
Jensen's email said the company was looking to introduce more concept stores to the region, with the belief its 'flagship' stores provided customer service more in line with the company than retailers stocking multiple brands.
“Concept stores are an important part of our journey towards branded retail excellence. With concept stores, we are able to deliver personalised service by trained Pandora staff members, showcase our full jewellery universe, while also giving us the ability to implement commercial decisions faster,” he said.
The shift comes after the company announced in May that it would be taking over distribution of its product in Ireland, buying back its Pandora concept stores (franchisees). That announcement followed the company’s decision last year to take control of 23 franchises in England.
During 2016, Pandora Jewelry Australia closed 450 US and 130 Canadian accounts. At the same time, it had been expanding its international retail network of company owned and operated concept stores.
Pandora’s international sales have been in decline with Bloomberg reporting in May, “The Danish jewellery maker, which became a favourite target of hedge funds last year, sank 16 per cent after revealing weaker numbers than investors and analysts were expecting. Pandora’s dramatic slowdown in sales to China, spelled out in its first-quarter results on Tuesday, was a particular disappointment.”
It is widely believed that the recent international decisions are part of an ongoing move towards eventually closing all independent accounts with the aim of Pandora operating as a vertical-integration business model.
The news has impacted other areas of the industry, though not negatively. Ken Abbott, managing director of supplier Timesupply said he first became aware of Pandora’s decision when he suddenly started receiving calls about his branded jewellery range, Nomination.
“We have received a substantial increase in enquiries from retailers about Nomination’s composable Cheap Pandora Bracelets Sale and links which coincided with Pandora’s recent announcement.”
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6/26/2018 12:46:30 AM
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Pandora lanza la fábrica de Bangkok
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Pandora España Online Baratas ha abierto un nuevo centro de fabricación en Bangkok, Tailandia, con el objetivo de acelerar la producción y cumplir con las demandas de sostenibilidad de los consumidores.
La instalación, llamada Triple A, producirá más de 1.5 millones de piezas de joyería por semana, y acortará el tiempo de producción a cuatro semanas de las actuales cinco a ocho semanas, dijo Pulseras Pandora Baratas el viernes.
"Estamos muy orgullosos de celebrar la inauguración oficial de nuestras nuevas instalaciones de fabricación", dijo el viernes Thomas Touborg, vicepresidente senior de operaciones grupales. "Pandora quiere satisfacer la demanda de los consumidores de joyas hermosas a precios asequibles, hechas de una manera respetuosa con el medio ambiente, y Triple A es un hito importante para nosotros en este sentido".
La fábrica de cuatro pisos y 20,000 metros cuadrados cuenta con la certificación "oro" del Liderazgo en Energía y Diseño Ambiental (LEED) y cumple con los más altos estándares de sostenibilidad, explicó Ofertas Charms Pandora.
Se encuentra cerca de las instalaciones de fabricación existentes de la compañía en Gemopolis, un polígono industrial de joyería de Bangkok, y albergará aproximadamente a 5.000 trabajadores, con vehículos robot transportando piezas de productos por todo el complejo.
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6/26/2018 12:48:42 AM
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Nike Earnings: Fiscal Q4 May See This Long-Awaited
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Nike (NKE) earnings and sales are due after the close Thursday, and the world's dominant athletic apparel brand will be expected to address the question of whether its primacy in North America is under any threat.
Nike Shoes Australia Sale Earnings Estimates
Sales in the U.S. and Canada have declined, year over year, for the last three straight quarters. On the most recent Nike earnings call in March, Chief Executive Mark Parker pointed to a "reversal of trend" happening in the fourth quarter (the period to be reported on Thursday), an expected inflection point that comes as Nike rethinks its retail distribution and focuses on online commerce.
Analysts polled by Zacks Investment Research expect Nike earnings to grow 7% to 64 cents, on an 8% increase in revenue to $9.39 billion.
Within the North America segment, footwear sales have been leading declines. Nike has expressed confidence in its new products, however, including the Cheap Nike VaporMax Australia Sale, Air Max 720 and Epic React, as it looks to fend off Adidas' (ADDYY) resurgence in recent years.
As Nike pulls itself away from "undifferentiated, mediocre" retail outlets, Adidas sees an opportunity, says Piper Jaffray analyst Erinn Murphy.
"Overall, management sees the (North American) marketplace cleaner in 2018 and anticipates their growth in the region to be led by shelf-space expansion within existing distribution (12k doors vs. >24k for NKE) as the brand is fully distributed in about 10% of its footprint," she wrote last week. "Adidas sees any proactive Nike distribution reduction as a windfall for them."
Shares were down 1.5% at 72.35 on the stock market today amid a broad market retreat sparked by fears of a spiraling trade war. Cheap Nike air force 1 mens is now back in buy range after clearing a 70.35 entry point from a flat base and rising into extended territory by early June. Adidas dropped 1.8%, while Under Armour (UAA) dipped 0.3%.
Growth Abroad To Help Nike Earnings
Still, even if U.S. sales are sluggish, Nike earnings may not see much downside. At its investor day last October, Parker said he expects nearly 75% of the company's growth to come from outside the U.S., and maintained that the company would hit $50 billion in revenue within its five-year target. Nike's greater China segment has been outperforming other units, and sales in Europe are solid.
"Outside the U.S., while growth remains strong, Nike is likely taking share in Europe while sustaining (positive double-digit) growth in China," wrote Wedbush analyst Christopher Svezia on June 14.
He raised his price target to 82 from 75 on the expectation that Nike Air Max Womens 2018 will exceed estimates throughout fiscal 2019 due to accelerating growth in North America and possibly abroad, among other factors.
But Nike's exposure to China also represents a risk, as President Trump escalates a trade war with the world's No. 2 economy.
While Beijing's use of retaliatory tariffs on the U.S. may not affect Nike's Asia-based production, the government can still make business difficult via regulatory moves.
Government officials also could call for a boycott of U.S. goods, for example, impacting companies like Nike, Starbucks (SBUX) and Disney (DIS), which have a big presence in the country.
Meanwhile, Nike Australia Online Store is likely to field questions about its slew of executive departures, which number close to a dozen, in the wake of its #MeToo moment and reports of a "boy's club" working environment.
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