All Article articles – Page 191
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Fielmann Expects A Sales Drop Of 10-15%
Fielmann predicts that its consolidated sales will decline by between 10 and 15 percent this year, with a drop of about 15 percent in Germany. The evenues were off by only 0.4 percent to €173.5 million in the 1st quarter ended March 31, with a slight increase in German retail ...
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Guildinvest's Sales Grow By 11%
Krys, Vision Plus, Vision Originale, Lynx Optique and Entendre, the retail banners under which the French voluntary group trades, reached total sales of €704 million in 2003, rising by 11 percent in absolute terms and by 8 percent on a same-store basis. In the optical retail sector, where 1,147 stores ...
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Currency-neutral Sales Grow By 15.3% At Essilor
Essilor has announced sales of €569.4 million for the 1st quarter of 2004, a 9.9 percent rise on a comparable basis from the year-ago period. The increase was driven by the launch of new products, such as the Crizal Alizé anti-reflective treatment, Varilux Ellipse small-frame progressive lenses and the Varilux ...
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Hoya Reaches 21.3% Margin In Vision Care
The operating margin of Hoya's vision care segment shot up to 21.3 percent in the 4th quarter of its financial year, which ended on March 31, as compared to 16.0 percent in the same period a year ago, in spite of a sales increase of only 1.2 percent to 24,428 ...
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Romain Afflelou Sets Up His Own Firm
Romain Afflelou, 24-year-old son of Alain Afflelou, has set up his own company, Romain Afflelou Créateur (RAC), stressing that it's financially independent from that of his father, the big French optical retail franchisor. RAC's goal is the design, development, production and marketing of optical frames and sunglasses for brands that ...
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Gerber Forms Interesting Alliances
Customer service is expected to improve strongly at Gerber Coburn as the 250 service technicians employed around the world by its parent company, the Gerber Scientific group, are being cross-trained since last Jan. 1 to provide maintenance and support for all the components of the group, which also include laser ...
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Moulin Expects A Rapid Decision On Cole Bid, Improves Sales And Profits
Moulin International has reportedly indicated that it expects Cole National's board of directors to give its opinion on its own counter-bid for the large US retail group by the end of next week. HAL Holding, the largest shareholder in Cole at 19.1-19.2 percent, is participating financially in Moulin's bid with ...
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Oakley Trusts In The Recovery Of Its Sunglass Business
Oakley's management feels that it has finally gotten its act right in sunglasses, after a tough 2003 in which its new models failed to impress the market. At $64.0 million, its sunglass sales were flat in the 1st quarter ended March 31, with a 3.6 percent drop in unit shipments, ...
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The Italian Superottica Chain Is Expanding On Many Fronts
Superottica has signed a joint venture deal with a Brazilian company, Especialista, that calls for the opening of 10 new stores in the country over the next 12 months, growing to 100 over the next 5 years. The management of the fast-expanding Italian company declines to provide other details about ...
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U.S. Market Figures Are Not Rosy
Following a depressing year in 2002, the US sunglass market remained sluggish in 2003. US sunglass imports remained essentially flat in volume, increasing by just 0.2 percent to 376.8 million pairs. Of the top 10 source countries, only China improved, expanding by nearly 2 percent and accounting for over 80 ...
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Luxottica Reports Good Results At Retail And Wholesale
Luxottica raised the operating margin of its vast and growing retail operations to 12.7 percent in the 1st quarter ended March 31 from 11.6 percent a year ago, and it would have been about 1 percentage point better without the diluting effect from the OPSM Group, which the management says ...
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Vuarnet Teams Up With Signature
Vuarnet France Master Distribution, the new exclusive distributor in the USA of the Vuarnet brand, has entered into a strategic sales and marketing distribution alliance with Signature Eyewear. Under this agreement, 35 of Signature's sales representatives will provide sales coverage and support to opticians, optometrists and ophtalmologists in various areas ...
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Fielmann Achieves A 13.7% Pre-tax Margin
More details will be available at the company's annual press conference in Hamburg next Apr. 29. For the time being, Fielmann has announced a 78 percent increase in pre-tax earnings to €112 million for 2003. Consolidated sales grew by 24 percent to €814 million. Including VAT and sales to franchisees, ...
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Grandvision's Sales Up By 7% In Quarter
The final tally was still missing at the time that we went to press, but it seems clear that Multibrands, the new company controlled by HAL Trust and shared with GrandVision's founders, will go ahead with its plan to acquire the French-based group, which ended up the 1st quarter with ...
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Allison Forms A U.S. Joint Venture
Allison has formed a joint venture for the US market with Paul Diaz-Asper, the US industry veteran who built up Creative Optics and then sold it to Marcolin, running its US operations until last September. Located in Miami, where Diaz-Asper has had his home base for many years, the new ...
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Marcolin Has A Big Loss
A poor financial year in the USA, described as a transition to a better state, drove Marcolin to a net loss of €4,152,000 last year, leading its net financial position to deteriorate to a deficit of €43.9 million as compared to €38.7 million in 2002. Consolidated revenues declined by 6 ...
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Cole National Should Contribute Higher Profits To Luxottica
While announcing improved results for the 4th quarter ended Jan. 31, the management of Cole National had nothing new to say yesterday about the completion of the US chain's sales to Luxottica, now expected sometime during the 2nd half of this year, or the widely expected sale of its 20 ...
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Rodenstock Shifts Production To The Czech Republic And Thailand
The staff employed at Rodenstock's German factory at Regen, in the Bavarian forest, will be reduced from 800 to about 450 people by 2006 as the plant will be turned into an engineering center for the development, optimization and testing of new products and new production technologies. Rodenstock has budgeted ...
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De Rigo Improves Profits Sharply
The net income of De Rigo jumped by 74.5 percent in 2003 to €18.5 million, or 3.7 percent of sales, thanks mainly to the termination of its Eyewear International Distribution (EID) joint venture with Prada. The group's operating margin improved from 8.6 to 10.3 percent before amortizations (Ebitda) and from ...
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Specsavers Enters Sweden
The leading British optical retailer, which already claims 30 percent market share in its home ground, goes on with its policy of entering one new market at a time. Encouraged by its relative success in the Netherlands, where it has become the third-largest player after only 7 years, and two ...
