Pandora's hit jewelry product is now its biggest problem
Here's the thing about fads: They end. Pandora ( PANDY ) , which makes more jewelry than any other company, is being slammed as people lose interest in its charms, the decorative trinkets that are often attached to bracelets. Content by MyFinance 2 Savings Accounts Your Bank Doesn't Want You To Know About An Insane Card Offering 0% APR Until October 2019 Compare Online Savings Accounts! Start Saving Now! Powered by The Danish company has in recent years become synonymous with charms, which make up over half of its sales. But their popularity is fading, and Pandora hasn't been able to revive it. Pandora's stock has been cut in half this year, and the company said Thursday that CEO Anders Colding Friis would step down at the end of August. The announcement caps a tumultuous few days for the company. Pandora stock crashed 24% on Tuesday after the firm slashed its sales forecast for 2018. On Thursday, it reported that charm sales