Pandora facing a tempest

Trollbeads collectors can breathe again... No more large core Trollbeads?
Pandora issued yesterday a profit warning for 2011 and will be repositioning the brand and cut prices.


Read the articles on:
The Guardian
The Financial Times or read attachement
Company announcement
Retail Jeweler
Professional Jeweler

Interesting, I wondered if they were overextending themselves opening all those stand alone stores. I wouldn't want them to go under though.

Hopefully all others, including Troll, will feel forced to follow suit.

Wildthing wrote:Hopefully all others, including Troll, will feel forced to follow suit.

AMEN!!! I don't own any Pandora, and will never own any, but I really would like to see TBs come back to reality and realize that most of us are not millionaires, and are truly brand loyal, except for maybe a few artisian beads. And only those most of the time because we are not able to get them in TBs...

I think it's strange that in the present economy, most companies are cutting prices, etc. and TBs has issued one price hike after another one...I am not understanding their way of thinking.

Hmmm, interesting news! I wonder if TB had an inkling of this when they came up with the UU beads? Positioning themselves to attract the Pandora customers if Pandora go out of business?

Glasgow has two Pandor concept stores, one in a very prestigious city centre location, I have never seen it look busy. I only have two Pandora beads, I thought they were more expensive than TB and didn't have the artisitic flair that TB have.

I hope TB will take this as a warning...any hype can be killed by higher prices.

A lot of private investors have lost a lot of money.

The FIH bank trading on behalf of pension investments has lost 730 millions DKK. Not good at all!

The link is in Danish
http://ekstrabladet.dk/nyheder/samfund/article1595469.ece

Interesting. They have just launched new products too - macrame bracelets that take clips and 2 new silver bracelet that take clips only and a double clip to fit two bracelets together. Maybe they will help their financial situation.

Wow! Not good at all! pay attention TB!

The Danish newspaper was beyond me but I found a source in German:
http://www.wirtschaftsblatt.at/home/boerse/binternational/482759/index.do

I think one needs to be a subscriber to read the FT, but The Guardian article is brilliant. I especially liked the quote "worst IPO in the past 12 months" and Leighton's assessment of the situation. TB, please do your homework now!

For those interested the analysis from the FT...

@Smaug, I still can't read it..?

Trolls wrote:@Smaug, I still can't read it..?

Any better?

Yes, thank you!