All Article articles – Page 184
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Oakley Is Sustained By Many Factors
Oakley's net income jumped by 74.2 percent to $7,355,000 in the 1st quarter as its total sales rose by 10.2 percent to $141.8 million. New categories generated 16.1 percent higher sales of $60.6 million, driven by the new Thump, which is going to be distributed now also in Sunglass Hut ...
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Fielmann Recovers Strongly From The Health Reform
Germany's leading optical retailer, reports a 33 percent increase in new customers' orders at its stores during the 1st quarter in terms of units, with a 37 percent increase in April. While the feat may be partly the result of a special new insurance policy generalized by Fielmann throughout the ...
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Hoya Vision Loses Steam
Sales in the vision care segment of Hoya Corp. rose by only 0.3 percent to 24.5 billion yen (€179m-$231.1m) in the 4th quarter of its financial year, ended March 31, and they generated an operating margin of 17.2 percent, down from 21.3 percent in the same period a year ago. ...
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Luxottica Improves Sharply
Luxottica is forecasting a slightly higher net profit of €305-314 million for this year on sales of between €4,000 million and €4,150 million after a strong first quarter in which its turnover jumped by 34.8 percent to €1,037 million, mainly due to acquisitions. Sales would have risen by 39.7 percent ...
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Salmoiraghi Improves Sales And Margins
Salmoiraghi & Viganò, the leading Italian optical retailer controlled by Dino Tabacchi, is eyeing new acquisitions after reaching a total of 249 points of sale at the end of March, up from 233 six months earlier, including 47 discount stores trading under the Vistasi banner and 50 franchised stores. The ...
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Optic 2000 Raises Sales Faster
Both of two major French buying groups in the optical sector raised their market shares in 2004, judging from the figures that they have released over the past few weeks. The retail outlets affiliated with one of the two, Gadol Optic 2000, raised their sales by 6 percent on a ...
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The French Market Grew By 3.5% In 2004
Figures published by the GfK market research agency show a 3.5 percent increase in value for the French market in 2004 to €3.5 billion. Sales of prescription lenses rose by 3.1 percent in volume to over 23 million units and by 3.8 percent in value to more than €2 billion, ...
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The Spanish Market Grew By 5%
The Spanish optical market is livelier than most of the other markets in Western Europe, thanks in part to strong promotional efforts by the country's industry association, FEDAO. It rose by 5 percent to more than €1.5 billion in 2004, with increases of 8 percent for contact lenses, 6.5 percent ...
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GUILDINVEST GROWS EVEN FASTER The opticians affiliated with Guildinvest,...
GUILDINVEST GROWS EVEN FASTER The opticians affiliated with Guildinvest, the French buying group comprising the Krys, Lynx Optique, Vision Plus, and Vision Originale chains, raised their combined turnover by 12 percent to €771 million in 2004, up 8 percent on a comparable basis. Excluding the hearing aids banner, Entendre, ...
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Coopervision Reorganizes Management After Merger With Ocular Sciences
CooperVision has set up a new European sales and marketing organization following its merger with Ocular Sciences, which was completed on Jan. 6. On the sales side, the combined operations of the two companies in Europe will be led by Andrew Sedgwick in the UK for Northern Europe and Giacomo ...
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Safilo Improves Results And Looks To The Stock Market Again
Safilo is contemplating a possible return to the stock exchange in 2006, if market conditions are right. The closure of its production facilities in Austria and tight cost controls allowed the company to improve its profitability last year and to reduce its debt to €758 million from the level of ...
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Layoffs Also In France
The country's largest manufacturer of spectacle frames, L'Amy, has announced a plan to shut down two of its three factories in the Jura region of France, involving the elimination of 170 jobs. The group will keep 223 employees in France, of whom 168 will be working at its main site ...
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B. Robinson Works With Kenmark
B. Robinson and Kenmark have signed a strategic alliance to collaborate on the design and distribution of a new Cynthia Rowley eyewear collection that is being launched in the USA later this Spring. The alliance is capitalizing on the design know-how of B. Robinson and Kenmark's distribution channels, which should ...
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Italy's Trade Balance In Eyewear Declines, And So Does Employment
Recording a small recovery, Italy's eyewear exports increased by 1.3 percent in the first nine months of 2004 to €1,170 million, according to ANFAO, the country's optical industry association, while imports grew by 6.5 percent, to a level that was not spelled out in its statement. Exports of sunglasses rose ...
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Fedon Boosts The Management
Fedon has appointed Gesuino Cossu as its worldwide CEO in a newly created position as part of its international expansion. Cossu joined the company last month and reports to Callisto Fedon, who is still the company's president and who has delegated some of his management responsibility to Cossu. Before joining ...
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Carl Zeiss Vision Is Born
Carl Zeiss Vision is the name of the new company resulting from the merger of Carl Zeiss' vision care operations and SOLA International. It will be run by Jeremy C. Bishop, the British executive who has been SOLA's CEO, based in California, since April 2000. Based at Aalen in Germany, ...
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Marcolin Improves Results, But Contemplates Temporary Layoffs
Marcolin's board of directors has approved a contingency plan intended to cut costs in view of the loss of the juicy Dolce & Gabbana licenses at the end of this year. The plan involves the possibility to place about 180 employees on temporary layoffs. This will depend on the order ...
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Essilor Posts A Record Ebit Margin And Looks Outside Europe To Drive Growth
Essilor's operating income (Ebit) rose by 10.7 percent to €403.9 million, boosting the operating margin to a record level of 17.9 percent, as compared to 17.2 percent in 2003, and the results would have improved more if the euro had not been so strong. Ebit would have risen by 20.7 ...
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Fielmann Raises Its Market Share Further
Preliminary figures show that Germany's largest optical retailer consolidated its leadership in the domestic market, raising its market share to 53 percent in terms of volume. While sales and profits declined, they came out higher than in 2002, the last ?normal? year that was not influenced by the last big ...
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Shamir Has Gone Public
Shamir Optical Industry, the Israeli company specializing in progressive lenses, went public on the NASDAQ stock exchange in New York last March 11. From the initial offer price of $14.00 a share, the stock has gone up to as much as $19 a share. It's currently trading at just over ...
