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GFK estimates French market fell by 11% in 2020
Pro Optik goes online, plans to add 200 stores by 2025
U.K., EU trade heavily affected by Brexit, worse may be ahead
Sales recovery and record profits for Hoya in Q3
Safilo’s Q4 sales rise driven by North America, Asia-Pacific
CooperVision expands manufacturing facilities as demand grows
GrandVision maintains positive comparable sales growth in Q4
Italia Independent sees 2024 sales reaching €42 million
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Latest Data & Analysis
Eyewear industry stocks grew by 6% in 2020
We are publishing here for the first time our ranking of the main stock-listed eyewear industry companies, based on their stock market capitalization in euros at the end of 2020. The corresponding table also shows the change in market value from the previous year, both in local currency and euros.
How Covid-19 has impacted companies’ trade show budgets
It has become commonplace to say that the Covid-19 pandemic has dramatically accelerated trends that were already underway with the digitalization of the economy and society in general.
Fashion industry sales may return to pre-Covid levels late 2022
The global fashion industry is expected to suffer a 15-30 percent decline in sales this year and is not expected to return to 2019 levels until at least the third quarter of 2022, according “The State of Fashion 2021”, a new report by Business of Fashion and McKinsey & Co.
Executive Survey: Optical industry braces up for a difficult spring/summer 2021 season
The optical industry is expecting a significant decline in demand for spring/summer 2021 collections as the world economy still reels from the blow of the Covid-19 pandemic. Nevertheless, many are maintaining comprehensive collections and relying on digital tools to defend or develop their businesses, according to an executive survey carried ...
Amazon and other marketplaces may be in for a reckoning over illegal sales
Why the sale of illegal products through online platforms could become a problem for Amazon and other marketplaces – and why the widespread circumvention of EU competition law may soon be over
WGSN sees three major consumer groups emerging from the crisis
The coronavirus pandemic has accelerated societal changes and is forcing industries worldwide to adapt to the resulting changes in consumption, and WGSN has set out to predict what consumers will be looking for in the next couple of years.
German suppliers saw their sales drop 9.5% last year
The Covid-19 pandemic put a brutal end to a decade of steady growth for the German eyewear industry, according to a new report by Spectaris, the national trade association. After a record sales’ increase of 5.4 percent in 2019, revenues of German suppliers of optical products dropped by 9.5 percent ...
TOG sales down 9 percent in spite of improved product mix
The Thai Optical Group (TOG) posted overall revenues of 1,850 million baht (€50.9m-$61.5m) for its financial year ended Dec. 31, down by 9 percent from the previous year. Sales of lenses and services to external customers decreased by 8 percent year-on-year to THB 1,838 million (€50.5m-$61.2m), with sales of standard ...
Contact lenses drove Alcon recovery in Q4
Alcon reported a 2 percent year-on-year increase in total revenues to $1,925 million for the fourth quarter of its 2020 financial year, marking a return to positive growth figures after two consecutive negative quarters. In constant currencies, total sales increased by 1 percent.
Solstice Sunglasses files for bankruptcy protection
Solstice Marketing Concept LLC, owner of the Solstice Sunglasses retail chain, filed for Chapter 11 bankruptcy protection last week in the Southern District of New York, after its sales nose-dived by more than 50 percent last year from 2019 levels. The company highlighted the impact of the Covid-19 crisis and ...
Italian fashion industry still expects sharp declines in H1
The Italian fashion industry still expects sharp declines in sales during the first two quarters of 2021, after falling by 26 percent in 2020 due to the Covid-19 pandemic, according to a survey released by Confindustria Moda, the umbrella association which comprises Anfao, the trade association representing eyewear manufacturers; Sistema ...
French ready to raise their eyewear budget
88 percent of French consumers plan to maintain or raise their budget for their next purchase of prescription eyewear, according to the results of a new survey by Opinion Way, a research company commissioned by Gifo, the French eyewear industry association, and the Silmo trade show. This result represents a ...
Memberships and international sales up at Menicon
Menicon, the Japanese contact lens specialist, posted last week stable revenues of JPY63.4 billion (€496.3m-$599.8m) for the first three quarters of its current fiscal year, a 0.1 percent increase only from the previous year.
Kering Eyewear’s sales recover in H2
In 2020, Kering Eyewear posted sales of €487.1 million, down by 17.6 percent on a comparable basis. After being hard hit by Covid-19 related lockdowns in the first half, particularly in travel retail, revenues recovered in the second half, when the decline narrowed to 8.6 percent.
GFK estimates French market fell by 11% in 2020
GFK provided the Club Inter-Optiques’ conference participants with more detailed figures on the French optical market, giving it a value of €5.9 billion in 2020, representing a 10.7 percent year-on-year decline as mentioned in the previous article. In volume, the company estimates that 1.3 million fewer corrective eyeglasses were sold ...
France and Germany fared better than Italy and Spain last year
In an online presentation to the members of Club Inter-Optiques, a French eyewear professionals’ association, GFK announced the results of its annual research on the optical market in France and four other European countries for 2020. The company’s results are based on sell-out data from a representative panel of opticians ...
Thélios, Mazzucchelli, Eastman to work on sustainable innovation
Thélios, the Italian eyewear manufacturer resulting from a joint venture between LVMH and Marcolin, the Italian acetate-sheet manufacturer Mazzucchelli 1849 and the American specialty chemical group Eastman have joined forces to develop sustainable innovation in the eyewear industry.
EU to decide on Essilux's takeover of GrandVision on April 12
The European Commission has set April 12, 2021 as the latest deadline for the end of an in-depth investigation into EssilorLuxottica’s proposed €7.2 billion takeover of GrandVision. The deadline has been postponed several times.
Itochu and Aquafil join forces to sell recycled nylon
The Japanese trading company Itochu and the Italian chemical firm Aquafil have entered a partnership to promote and expand the businesses of circular nylon production.
French pay 7% more from their own pocket for eyeglasses
Carte Blanche, the French healthcare organization, has analyzed two million purchases by French consumers in 2020 and the related social security and private insurance refunds in the optical and dental sectors in order to assess the consequences of the healthcare reform introduced on Jan. 1 last year.
Pro Optik goes online, plans to add 200 stores by 2025
Pro Optik, a German optical retail chain with about 150 stores, opened its first e-commerce website in January, offering direct purchase and delivery for most of its ranges as well as live consultations with opticians. Products offered online include single vision glasses, sunglasses, contact lenses and eye care products. For ...
German suppliers saw their sales drop 9.5% last year
TOG sales down 9 percent in spite of improved product mix
Contact lenses drove Alcon recovery in Q4
Solstice Sunglasses files for bankruptcy protection
Italian fashion industry still expects sharp declines in H1
French ready to raise their eyewear budget
Memberships and international sales up at Menicon
Afflelou continues its expansion in Spain
Essilor R&D acquires another 3D printer
Chiara Ferragni to release Luxottica-made sunglasses
U.K. accepts to extend provisional Brexit deal to April 30
Bernard Maitenaz, Varilux' inventor, passes away
Safilens’ new contacts medicate the eye
Milleocchiali buys 5 Optistar stores
Nau! opens two stores in Saudi Arabia
Fielmann opens 34th store in Italy
Italian fashion industry seen rising by 10% in 2021
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