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Karün Eyewear to get a Walmart boost
Karün Eyewear, the Chile-based brand of eyewear made from recycled and traceable materials, has signed a partnership with Walmart for the distribution of its frames in the U.S. retail giant’s Walmart Vision Centers. ”We chose to work with Walmart as our U.S. national retailer to expand access to more sustainable ...
Report puts fresh numbers on German optical retail long-term trends
Zentralverband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists, has released the four-year update of its BranchenStrukturerhebung report, an analysis of the German optical retail sector’s structure put together with research company GFK. It provides a number of market indicators for the year 2022 and, for ...
Magrabi aims to consolidate regional leadership before entering new markets
Following up on our article last February about the expansion of MAGRABI Retail Group, the leading optical retailer in the Middle East region, we talked with Yasser Taher, who was appointed CEO of the family-owned group at the start of this year, after having served as Chief Operating Officer since ...
Shamir launches myopia management lens
Shamir Optical Industry, the Israeli-based lens manufacturer, has announced the launch of Optimee, its first lens in the child myopia management segment. The launch follows the first-year results of a clinical trial with 126 children in Israel which showed that the new lens slowed by 43 percent the axial elongation ...
Smart glasses win at CES 2024
Four pairs of smart-eyewear are among the winners of the latest Innovation Awards from the Consumer Electronics Show (CES), whose 2024 edition is scheduled for Jan. 9-12, 2024, in Las Vegas.
ANFAO taps Lorraine Berton as new president
Lorraine Berton has been elected as the new president of Italian eyewear association ANFAO, becoming the first woman to hold the position and succeeding Giovanni Vitaloni, who had served as president since 2017. Berton will lead the association for the next four years.
Afflelou Group ends fiscal year on a strong Q4
Afflelou Group ended its fiscal year with a strong fourth quarter as network sales grew by 8.1 percent year-on-year to €232.9 million, accelerating from the 4.2 percent growth reported in the previous quarter. The uptick was particularly noticeable in France as sales grew by 7.3 percent year-on-year in Q4, compared ...
An optical center in 15 minutes and a new investor for Vision Group
Vision Group, one of Italy’s leading eyewear retailers, aims to expand its domestic footprint further before looking at eventual growth opportunities further afield. Marco Procacciante, CEO, talked to Eyewear Intelligence about Vision Group’s growth plans, which are aimed at serving 85 percent of the Italian population with a VisionOttica store ...
Synsam improves margins, expands EyeView roll out
For the first time since the company went public in October 2021, Synsam Group fell short of reporting a double-digit increase in quarterly sales, however not by much as the group’s topline grew by 9.9 percent year-on-year to 1,450 million Swedish crowns (€127m) in Q3. While this confirms the company’s ...
EssilorLuxottica integrates Bliz to sports portfolio
EssilorLuxottica has announced the integration of BLIZ, a brand of sport eyewear, snow goggles and helmets, in its sport portfolio which already includes Oakley and Costa. The brand was previously owned by Future Eyewear, a Swedish-based eyewear company selling and distributing other brands like Dr. Zipe (sport eyewear), Prestige (sunglasses) ...
Warby Parker sees sales growth slowing after 14% jump in Q3
Warby Parker sees sales growth moderating to 8-10 percent in the fourth quarter of 2023 after revenues in the third quarter jumped by 14.2 percent compared to the year earlier to reach $169.8 million and comfortably beat management’s guidance of 9.5-11 percent growth.
National Vision moves to offset Walmart divorce impact, on track to meet FY guidance
National Vision announced steps to offset the impact on profits of the previously announced end of its partnership with retailing giant Walmart next year, as it released third-quarter results showing it remains on track to meet full-year guidance despite a macroeconomic environment described as “challenging”.
Marcolin sees Q3 sales slip 10%, bolsters house brands with ic! berlin buy
Marcolin slipped into contraction territory in the third quarter, with sales in the period declining by 10.4 percent to €113 million as the group highlighted weakness in the Americas region and a “global context marked by complex socio-political and economic scenarios”. The sales decline came after a second quarter in ...
Mister Spex posts mixed Q3 results
Mister Spex has reported a significant drop in revenue growth pace for the third quarter of its fiscal year as continued depressed consumer sentiment and unfavorable weather conditions negatively impacted its business.
Fielmann reports strong Q3, launches eye health services
Fielmann Group has announced a 12.2 percent year-on-year increase in external sales to €602 million including VAT for the third quarter of 2023, in line with the 13 percent growth reported earlier for the first half of the year.
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