The new approach will depend instead on increasing

These moves, while sensible, will mean slower PANDORA Love Charms Clearance Sale. That helps explain the decision to ditch a target of 7-10 percent annual sales expansion excluding currency movements. Pandora will be a fundamentally different retailer than in the past. The new approach will depend instead on increasing sales from stores open for at least a year.

PANDORA Disney Charms Clearance Sale success has been the stuff of legend in the financial world. In 2008, Axcel, a private equity firm based in Denmark, bought a 60 percent stake in Pandora from Enevoldsen. In 2010, it took the jewelry company public on the Nasdaq Copenhagen stock exchange. After it sold $1.83 billion worth of shares on its first day, publications like the Wall Street Journal declared it one of Europe's top IPOs of the year.

The brand debuted an 18k yellow gold jewelry PANDORA Rings Clearance Sale, Shine, earlier this year—and while it included some very cute stacking rings and pendant necklaces, around half the styles were charms or charm-related jewels.

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