Synsam growth driven by subscription plans
Publishing its first quarterly results since its listing at the Nasdaq Stockholm stock exchange at the end of October, the Swedish-based retailer Synsam has announced significant sales increases across the board and profitability improvements. Double-digit hikes in both organic and like-for-like sales, the expansion of the group’s stores network footprint ...
Afflelou full year sales top 2019 level by 3%
The Afflelou group has reported a double-digit year-on-year increase in network sales for its fourth quarter and for the full year, as the business rebound across all regions was further boosted by a strong development in the hearing aid segment. Both quarterly and yearly sales’ figures stood above levels reported ...
Kering Eyewear banks on blockchain for supply chain sustainability
Kering Eyewear is launching a blockchain-based sustainable initiative in order to measure the overall impact of its finished products through a collaborative platform involving the suppliers at all levels of its entire value chain. Called V.I.R.T.U.S., an acronym standing for Verified, Integrated, Reliable, Trustworthy and Secure, is being described by ...
Sunglasses and contact lenses drove Mister Spex’ growth in Q3
Mister Spex, the German-based omnichannel retailer, has reported a double-digit increase in Q3 sales as compared to the same period last year, however falling below its own growth expectations as the prescription glasses’ business, which accounts for about 80 percent of the group’s revenues, underperformed.
Visottica Comotec consolidates group structure
Visottica Comotec, the Italian supplier of eyewear components, has announced that it had just completed the acquisition of a majority stake in Ookii and Matrix, two businesses in which it invested in 2017.
Fast-growing Mykita opens first shop in South America
MYKITA, the upscale independent eyewear brand, announced last month the opening of a new store in Mexico, its first retail location in South America. The opening of the store comes about ten years after MYKITA entered the country. Moritz Krueger, founder, said that Mexico City had come to play an ...
Kits Eyecare slows down in Q3
Kits Eyecare, the Canadian-based eyewear pure online retailer that we started to follow a few months ago, announced that it has reached a record number of 640,000 two-year active customers, up 41 percent from the same number last year.
Warby Parker sees Q3 sales rise 32%, but remains in the red
Warby Parker, the omnichannel U.S. retailer, booked revenues of $137.4 million in the third quarter, up by 32.0 percent on the year earlier and 45 percent higher than the same period of 2019, but its bottom line remained in the red due to charges associated with its recent public listing ...
Fielmann reports 10% sales hike in Q3
The Fielmann Group reported a 10.0 percent revenue growth in Q3 as compared to the previous year, with total consolidated sales reaching €460.8 million, also up by 15.2 percent from the same quarter in 2019. Units sold increased by 3.6 percent to 2.17 million pairs of glasses, indicating a significant ...
Safilo up 11% in Q3 versus 2019
Announcing its Q3 and 9-month results yesterday, Safilo reported a double-digit growth in comparable sales as compared to 2019, driven as in the previous quarters by the U.S. market but this time also by a partial recovery in Europe. The combined effect of the revenue increase and the ongoing progress ...
bbase launches sustainable materials’ index
The bbase Design Group, an eyewear designer and manufacturer based in Hong Kong, has released a comparative tool measuring the sustainability performance of a number of materials used for the production of frames and lenses with the announced objective of providing the industry with a comparative analysis of existing sustainable ...
Charmant Europe displays Japanese heritage and craft with new brand
Visitors at the recent Silmo eyewear trade fair in Paris were able to take a look for the first time at Charmant’s new house brand, Minamoto, just launched by the European subsidiary of the Japanese eyewear maker.
Marcolin back to pre-Covid sales level in key markets
Marcolin has confirmed in Q3 its strong sales recovery since the start of this year, with nine-month revenues jumping by 42.8 percent year-on-year in reported terms to €336.6 million. At constant exchange rates, revenues were up by 47.5 percent as compared to 2021. The growth was driven by the American ...
Hoya Q2 sees sales of lenses inch up despite Covid-19 resurgence
Hoya Corporation saw revenues in the second quarter ended September 30 rise by 16 percent compared to the year earlier to 162.6 billion Japanese yen (€1,234.1m-$1,426.7m), with both Life Care and Information Technology segments continuing their recovery despite a resurgence of Covid-19 in some countries and regions. On a constant ...
DTC and America drove EssilorLuxottica’s Q3 growth
Reporting its results for the first time since the integration of GrandVision business, consolidated in the accounts since July 1, EssilorLuxottica reported a 33 percent increase in Q3 revenues to €5,473 million as compared to 2019 and in constant currencies.
