All Article articles – Page 153
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Sales Up, Net Income Down For Shamir
Shamir Optical Industry saw a 16.8 percent increase in its third-quarter revenues to $36.1 million, and gross profit went up by 17.5 percent to $19.0 million, but the company nonetheless had a decline in operating income and net income for the period, ended Sept. 30. The operating income ...
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Fall In Lens Unit Echos Fall At Gerber Scientific
Gerber Scientific reports a sales decrease of 4.3 percent to $153.8 million for the second quarter ended Oct. 31, which was a 3.4 percent drop in constant currencies. The total included $2.4 million from acquired companies. Net income rose by 144 percent to $6.1 million compared with the same period ...
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Vision Service Enters The B2 Vision Multimedia Platform
Vision Service Group, Italy's largest optical buying group with 885 members, has acquired a stake in the B2 Vision multimedia group, which among other activities manages the online newsletter for the members of B2Eyes. The multimedia group was founded last year by Fabiano Editore and Whydotcom, an internet company specializing ...
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Drop In Sales Still Leaves Orange 21 Afloat
For the third quarter ended Sept. 30, Orange 21's sales fell by 8.6 percent to $12.0 million. However, compared to a $58,000 loss for the same period last year, the company did well, recording a slim net income of $6,000. The gross margin shrank by 0.6 percentage points ...
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Carl Zeiss Vision Eyes Campaign After 5.9% Rise In Sales
Carl Zeiss Vision raised its sales by 5.9 percent in the financial year ended Sept. 30, according to company officials. No figures could be obtained about the profitability of the company, which includes the former SOLA and American Optical operations and is 50 percent owned by the Carl Zeiss group ...
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Marcolin Books Quarterly Loss But Is Optimistic About Full Year
Marcolin closed the third quarter with a gross operating loss (EBITDA) of €1.3 million compared with a €0.3 million profit a year earlier, due to write-downs on obsolete goods, but managed to book a sharp increase in revenues. The company remains confident it will perform well in the last quarter ...
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Flat Attendance At Silmo And Some More Fuss Over The Golden Silmo Awards
SILMO, the trade show held in Paris from Oct. 29 to Nov. 2, drew 150 new exhibitors and 42,234 visitors, about as many as organizers expected. The total number of attendees was almost flat as compared to 2007, with only 435 fewer visitors this year. Fifty-two percent came from abroad. ...
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Safilo Brings Back Former Ceo As Financial Situation Worsens
In another turn of its revolving doors, Safilo has announced the appointment of a new chief executive, the third in less than six months, as its financial situation worsens. The group posted a net loss of €6.7 million in the third quarter and was forced to give out a profit ...
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Inottica Has Three New Brands From The World Of Children's Toys
Inottica, an Italian company that specializes in eyewear for children up to 15 years of age, has three new licenses. The new license agreements ? Hello Kitty, Transformers and Winx ? have been signed two or three years, each one concerning different geographical regions. Winx covers Italy, France, Spain, Portugal, ...
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Chinese Manufacturers Want To Develop Their Brands More Than Ever
The 10th Optical Fair held in Hong Kong featured over 520 exhibitors from 24 countries. Despite the economic slowdown, many of the exhibitors said the eyewear industry will be largely unaffected because, unlike the downfall of the toy industry, glasses will always be in demand. Hong Kong is currently ...
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Oliver Goldsmith Takes On Water Buffalo Horn
The well-known British brand of eyewear has brought out a high-end collection of sunglasses in collaboration with Hoffmann Natural Eyewear, one of several specialist German producers of spectacles from the Eifel region that use horn made from water buffalo, mostly raised in India. The new line, which was shown ...
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Hoya Sees Higher Operating Margins On Shrinking Vision Care Sales
The vision care division of Hoya Corp. improved its operating margin to 21.2 percent in the three months ended Sept. 30, compared with 18.1 percent in the same second quarter one year ago, despite a 3.4 percent sales decline to ¥30.3 billion (€248.4m-$313.7m). Sales in this segment were off ...
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Views Are Collected On Contact Lens Sales
Euromcontact and other interest groups in the European contact lens sector have formed a so-called European Contact Lens Forum (ECLF) to collect the views of eye doctors, opticians and optometrists on the conditions under which contact lenses should be sold. The action is intended to support efforts to regulate their ...
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Satisloh Wants To Work With Essilor's Competitors
The new management of Satisloh is going to great pains to assure customers that it will keep information on their new projects secret like before, although it is now a subsidiary of Essilor. The new chief executive of the Swiss company, Andreas Kunzmann, and its president, Beat Siegrist, who is ...
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Under New Owners, Logo Takes Over The Distribution In Italy
Recently under new ownership and management, Logo has started to make new investments to help reach the goal of doubling sales in four years' time. One concrete move in this direction should be the planned establishment by next Jan. 1 of a sales subsidiary in Italy in which the Vecchia ...
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Rose-tinted Results For Ecca
Economic woes haven't yet hit Eye Care Centers of America, which reported increases in net income, net sales and sales on a comparable store basis for the third quarter ended on Sept. 29. Net revenues for the American optical retail chain grew by 9.4 percent to $134.4 million, and comparable ...
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Zeiss Expands Its Indian Partner's Role
GKB Hi-Tech Lenses, which has done an excellent job as Carl Zeiss Vision's partner in India, has formed a new company, Carl Zeiss Vision Middle East, to optimize the already strong presence of the Zeiss brand throughout the Middle East and North Africa. The move follows an increase in Zeiss' ...
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Fgx International Had A Good Quarter
went up by 10 percent to $59.1 million in the third quarter ended Oct. 4 for FGX International, the U.S.-based supplier of non-prescription reading glasses and sunglasses. The company's net income was $3.9 million, up from the break-even point a year ago. Earnings before interest, taxes, depreciation and amortization (EBITDA) ...
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Fielmann Keeps On Improving
External sales grew by 8.0 percent to €270.0 million for the third quarter while consolidated sales rose by 7.4 percent to €230.8 million. This resulted in pre-tax profits that were 25.3 percent higher than last year at €47.1 million, and profit after tax of €33.0 million, 46.0 percent above the ...
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Transitions Launches Initiative For Healthy Sight
SILMO in Paris was the site of the launch of the Healthy Sight Institute by Transitions Optical. The institute is intended to be an educational resource for health and vision care professionals for the purpose of preserving good vision. More than 25 leading health and eye care professionals are on ...
