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Pandora Jewelry CorrectionNovember 23, 2007On November 2nd I wrote a blog titled, Manufacturers/Designers Opening Their Own Retail Stores, and mentioned the opening of Pandora Jewelry across from my new store in Charlotte, NC. I was under the impression it was Pandora’s own retail location, but just found these retail locations are owned by independent retailers, and that Pandora is continuing to offer this opportunity to their retailers and in the future to any other retailer who is interested.
So, to Pandora—is this a franchise or are they totally independent? Do these independent retailers have to contribute profits from their sales to Pandora? Do other local independents know you are offering this to retailers—the reason being—I’m assuming Pandora independents are carrying the entire line, and if they are totally independent are they setting their own margins?
Of those of you independent retailers carrying Pandora—do you know the prices at solitaire Pandora stores? I’m wondering if independents will now have to compete on price with independents that only carry Pandora? Those independents choosing to open Pandora stores—if they are totally independent and don’t have to pay franchise costs then are they able to set their own margins? Posted by Shanu Singh Guliani on November 23, 2007 | Comments (31)
November 23, 2007
In response to: Pandora Jewelry Correction Anon commented: I know of some Pandora reps that own retail stores but are reps outside of their states in which they own retail stores, i think it doesn't hurt independent retailers of Pandora besides the fact they probably can get merchandise quicker and for less money. This is an assumption but from dealing with designer lines, reps seem to hold more weight than they are willing to admit.
November 26, 2007
In response to: Pandora Jewelry Correction Laurie McDonald - Pandora Jewelry commented: To answer your questions, these stores are independently owned and not a franchise. They do not have to contribute any of their profits to Pandora. There are no franchise fees. They purchase the product at wholesale as do all our retailers. The suggested retail prices are the same among all Pandora retailers. These retailers opening a concept store are subject to certain licensing agreements, in which there is no fee, however specific regulations they must comply with to use our name. There are also specific operating procedures these reatailers comply with - but again they are paying no franchise type fees to Pandora at all.
November 27, 2007
In response to: Pandora Jewelry Correction Hedda Schupak commented: Historically, any time a branded store opens up, other retailers carrying that brand in the area usually see their sales increase, not decrease, after the company store (or whatever permutation thereof) opens up.
November 28, 2007
In response to: Pandora Jewelry Correction JR commented: Hedda, you sound like the paid mouthpiece of the designer brands. Prove the historical phenomena of retailer’s sales improving because a brand opens their own store. The one thing that is certain to improve is the gross margin the wholesaler or mining company (DeBeers) is able to make.
January 14, 2008
In response to: Pandora Jewelry Correction Jules Lester Rabalais commented: Hedda, Hedda, Just where did you learn retail..Does Chevrolet sell new Fords, with Ford across the street NO. When a major brand opens up in direct competition with their customers, i know this is unethical. Case in point Movado close out stores competing with their customers...BAD BAD..First thing i did when i owned a retail store and had wholsalers sell to the public, i would close my account with them. Most of those wholesalers are gone now, because they were greedy and cut their throats in the industry.Either you are wholesale or you are retail, you cannot walk both sides of the street.
June 25, 2008
In response to: Pandora Jewelry Correction LC commented: I have been a Pandora dealer for 3 years. Since they have gone to the concept of store in store partnerships they are edging out the small retailers who have built their business. All retailers are now required to carry their whole line, not just the bracelets and charms. I can say the bracelets and charms sell the rest is garbage that does not sell and takes up precious retail space.
November 14, 2008
In response to: Pandora Jewelry Correction Judy commented: How do I go about opening a Pandora store?
November 14, 2008
In response to: Pandora Jewelry Correction Judy commented: How do I go about opening a Pandora store?
November 28, 2008
In response to: Pandora Jewelry Correction lucky commented: trust me you do not want to open a pandora store. they piss on the people who have helped them grow their company.They refuse orders to the small accounts who made them what they are today. Without the small stores who got their name out there they would not be the well-known jewelry they are today. Slap in the face.
November 28, 2008
In response to: Pandora Jewelry Correction rye commented: I agree. They impose so many restrictions in their favor and none in favor of the retailer especially if you are a small retailer.
December 6, 2008
In response to: Pandora Jewelry Correction Katya commented: Don't know about all this other stuff, (did a search for Pandora jewelry to find more pieces) but I found Pandora at a store called Yaya's Boutique in Chicago, and you can buy online at www.shopyayas.com. In-store service was great, so I assume online would be too.
December 17, 2008
In response to: Pandora Jewelry Correction DAVE commented: Yes they are scum bags. The thinking is that there is enough for a law suit.
December 19, 2008
In response to: Pandora Jewelry Correction Kim commented: Wow I've been shopping for a Pandora bracelet for months. I believe in karma and I'm putting the brakes on this purchase. I would never want to do business with a company that would take a Royal Poop on the folks who helped them become successful...What A Turn Off!
December 19, 2008
In response to: Pandora Jewelry Correction Kim commented: What started me on this mission was a seller on etsy.com "TLBeads" I just loved her work. I contacted her about doing some that I could mix and match my Turquoise and brown outfits.
January 20, 2009
In response to: Pandora Jewelry Correction Lenore commented: I also carried Pandora for 3 years after being begged by the Australian importer to do so.No one knew about Pandora, I spent every spare cent on advertising.When they realised I was selling $30,00 worth of beads a month in a tiny store they worked out that if they took it off me and gave it to someone in the larger shopping centre they would make more money.I know of girls losing their homes from Pandora's unethical treatment. Shame on you PANDORA
February 20, 2009
In response to: Pandora Jewelry Correction Samantha commented: This is all valuable information to me. My Trollbeads dealer has just been strong-armed by Pandora and I've lost a local Troll outlet. Not happy. I hope the karma train pulls in on the thieving weasels at Pandora.
February 25, 2009
In response to: Pandora Jewelry Correction Dragon commented: This all sounds like SOUR GRAPES to me. You are all upset because Pandora is very successful
February 25, 2009
In response to: Pandora Jewelry Correction Cheryl commented: I agree with Dragon, it's obvious that Pandora is using the 80/20 rule... 80% of their business comes from 20% of their existing dealers, if the accounts above are in the 80% and did not want to step up to the plate and be part of the 20% than "shame on them" they can take a good line and through it away because they did not want grow? they deserve to be closed.
February 25, 2009
In response to: Pandora Jewelry Correction Matti commented: Every company on the planet uses this rule...
March 3, 2009
In response to: Pandora Jewelry Correction Weisfield commented: Jared has Pandora now...
March 7, 2009
In response to: Pandora Jewelry Correction Kathy commented: Hi,
March 27, 2009
In response to: Pandora Jewelry Correction tom commented: I think Pandora doesn't care in the least about the vendors they have had for years. they can't even supply them with beads they order and are opening on every street corner. They will loose there popularity soon. Nasty company
March 31, 2009
In response to: Pandora Jewelry Correction Fort Worth commented: Pandora kick us out for not selling Pandora exclusively. Deadline was given to remove our other lines such as Lenox and Jim Shores or else. They lost a big buyer. I was purchasing over $40,000 of Pandora each month! Now I know the reason. They now think they can make more money having Jared as their retailer. Good luck Pandora!
April 12, 2009
In response to: Pandora Jewelry Correction terri commented: I was also a large buyer of Pandora, because I voiced my opinion they took the line from me. I was one of there first suppliers. I have a beautiful store and had 2000 customers. I have gradually lost alot of them because of the backorders. I now have Troll beads and I am hoping I can convert some customers or make new customers. Troll beads are great because they have a universal bracelet that fits all beads. Lots of beautiful glass beads.
April 19, 2009
In response to: Pandora Jewelry Correction Rho commented: I was doing research on how to become a Pandora dealer when I came accross this site. Any company that treats loyal business owners the way they have is not a company I wish to be associated with. I was also going to start my own bracelet for Mothers Day this year. I will come up with another gift request!!!
April 20, 2009
In response to: Pandora Jewelry Correction angry commented: I am speaking with an attorney about a class action law suit against pandora. I will be running an ad in the trade magazines, and if anyone is interested, please let me know, when the ad comes out. They opened up about 7 stores within 5 miles from me, when I was told by Knud that there would be a 12 mile buffer. I started to run in-store promotions to my clients, and a new dealer squealled on me, and they pulled the line. I have been a dealer of just the beads, and not the rest of the line for 5.5 years, and they just cancelled my account. Lets all join together.
May 1, 2009
In response to: Pandora Jewelry Correction Michelle T commented: To all of you that sells the Pandora line.. or used to.. i recently contacted a rep of Pandora... i was told that the minimum inveastment investment to be able to carry their line and become a dealer was 100k?
June 26, 2009
In response to: Pandora Jewelry Correction Beadman commented: No, class action is not the only answer.As an American citizen,you have the right, no obligation, to report such violations of fair trade practices to a little old part of the government called The Federal Trade Commission.Pandora is in direct violation of at least 3 Statutes,and probably many more.If you are inclined,go to the FTC site and see how easy it is to file a complaint.Pandora was also slapped by Australian Trade comm, on only 1 complaint.Stop wining and do something about it!
July 27, 2009
In response to: Pandora Jewelry Correction Beader commented: To all of you. Drop Pandora and go with Chamilia. Excatly the same quality product, but more bead selection and MUCH nicer to deal with. I am making a mint selling the chamilia line.
July 27, 2009
In response to: Pandora Jewelry Correction Charmed commented: I agree with Beader. Chamilia is closing the gap with Pandora because Pandora is more focused on opening their own stores these days than taking care of their retailers. We dropped Pandora and went with Chamilia after repeated delays in getting product.
July 31, 2009
In response to: Pandora Jewelry Correction Former Chamilia Employee commented: I would not advise going with Chamilia, I am a former employee. They treat thier personell horribly. The head designer Killian Rieder outright steals other peoples bead designs including from Pandora.
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