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Yueheng and Wingram present sustainable solutions for eyewear
BioAcetate S70 is a biobased and biodegradable material that improves performance and the environment while leading lens manufacturer, Yueheng, offers a plethora of sustainable options for its customers.
Nathalie Blanc partners with L’Amy America for the U.S. market
French eyewear brand Nathalie Blanc is entering the U.S. market through a multi-year partnership with Ultimate Vision, the luxury division of L’Amy America. Ultimate Vision will distribute Nathalie Blanc’s collections in the country, but the French company said it would directly manage its marketing operations for the U.S. market, notably ...
National Vision cuts sales outlooks as Q2 sales continue decline
National Vision said it was cutting its forecasts for top line growth for the full year, after sales slipped in the second quarter of 2022. Revenues in the three months ended July 2, 2022, decreased by 7.3 percent compared to the year earlier to $509.6 million and were positively impacted ...
Warby Parker slashes sales outlook, cuts jobs despite 14% growth in Q2
Warby Parker slashed its sales outlook for the full year and unveiled corporate job cuts and other cost-cutting measures despite solid growth in the second quarter, as it highlighted the “uncertain macroeconomic environment” and signs of industry-wide weakness in demand for eyewear.
IOFT reopens for international business
Organizers of the IOFT show are getting ready to welcome back international visitors and exhibitors in Tokyo for the next edition of the event scheduled to take place from Oct. 18 to 20. Although the Japanese show was one of the very rare industry events that was not canceled during ...
HOYA eyeglass lenses up 7% in Q1
Pushed by strong currency tailwinds, HOYA CORPORATION has reported record-high revenues and profits for the first quarter of the current fiscal year. The topline was up by 14 percent year-on-year to 180.2 billion Japanese yen (€1,309m) and pretax profit increased by 21 percent to ¥61.5 billion (€447m). In constant currencies, ...
Sales growth and higher margins put Safilo ahead of 2024 business target
The Safilo Group has reported a 4.0 percent year-on-year growth in revenue for the second quarter of 2022 at constant exchange rates, with total sales reaching €288.3 million. In reported terms, the topline was up by 11.2 percent compared to 2021. On an organic basis, a calculation that only includes ...
Sun Hing Vision Group posts 25% revenue increase for 2021
Hong Kong-based eyewear manufacturer Sun Hing Vision Group has reported a 24.9 percent year-on-year revenue increase to 877 million Hong Kong dollars for fiscal 2021. The business recovery was largely due to a rebound in OEM sales to European and American customers, but the group has yet to fully recover ...
Marcolin maintains growth pace in Q2
The Marcolin group posted a 19.7 percent year-on-year increase in revenue to €153.9 million for the second quarter of 2022, following on a similarly fast growth in the previous quarter. Overall and for the first six months of the year, the company’s sales totaled €283.7 million, up by 19.6 percent ...
EssilorLuxottica profits up in H1 but sales decelerated in Q2
EssilorLuxottica has reported a 36 percent year-on-year increase in revenues to €6,387 million for the second quarter of 2022, with most of the growth attributable to the integration of the GrandVision business. On the comparable proforma basis prepared by the group, which adjusts 2021 figures as if GrandVision had been ...
Kering Eyewear doubles operating income in H1
Kering Eyewear sales increased by 50 percent year-on-year to a total of €591 million for the first half of the 2022 year. The eyewear unit was the fastest growing division of the larger Kering group whose total revenues for the period increased by 23 percent versus 2021.
Walmart enters partnership with Waldo
Walmart has established a partnership with Waldo, a company in London that delivers contact lenses by subscription.
M&A, organic growth, digital and training fuel CECOP Group
Just a few days after CECOP entered the German market through an agreement with Optic Society, we talked with Jean de Contades, global managing director of the fast-growing Spanish-based buying group.
Essilux partners with Polimi on €50 m smart eyewear R&D center
EssilorLuxottica and Politecnico di Milano, or Polimi as it is often called, have announced the launch of a joint R&D partnership focusing on the development of smart glasses and related technologies. Dubbed Smart Eyewear Lab and located in Milan, Italy, the project will initially last five years and will eventually ...
Fielmann announces cost reductions and strategic adjustments
Thanks to its increased digitization and internationalization and in spite of the COVID-19 crisis impact, Fielmann could achieve its 5 percent average annual sales’ increase target figure in recent years. The objective is part of its Vision 2025 plan which was announced in 2019.
Specsavers sales up 25% in 2021/22, driven by domestic market
After a temporary setback due to the COVID-19 crisis in 2020/21, with group revenues sliding by 5.8 percent year-on-year, the Specsavers group resumed its fast-pace growth with annual sales reaching £3.43 billion for the fiscal year ended Feb. 28 2022, up 24.9 percent.
