All Article articles – Page 206
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Oakley Paints A Less Rosy Future
Revising its sales and profit projections for the balance of this year because of a weak retail environment, Oakley says softer than expected sunglass sales will lead to sales increases of only 10-12 percent in the 3rd quarter and 20-22 percent in the 4th quarter, versus the corresponding 2001 periods. ...
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Indo Invests In The Usa And Takes Over Lacoste For Spain
The Spanish group has set up a new national sales subsidiary in West Covina, California, in which it has a 60 percent controlling interest. The balance of the shares are held by two local executives, Daniel Klamut and Tom Posin, who have experience in the sector as former executives of ...
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Grandvision Grew By 6% In Half, But The Weather Affected It In Italy
The European GrandVision optical group raised its sales by 6 percent to e303 million in the 1st half ended June 30, with 4 percent growth overall on a same-store basis, indicating market share gains in various countries. In Italy, however, its GrandOptical stores suffered a slight decline on ...
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Ciba Vision Wins A Battle Against B&L And Raises Its European Market Shares
Ciba Vision has won in a US court a major patent infringement suit against Bausch & Lomb, but the issue is not quite settled yet. The court ordered B&L to stop manufacturing and selling its PureVision contact lens in the USA until a patent issued to Wesley Jessen expires in ...
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Bausch & Lomb Kicks Off A New Restructuring Program, While Its Results Improve
Bausch & Lomb has announced yet another major restructuring program, involving mainly a reduced product range, a rationalization of the production apparatus and a consolidation of US warehousing and distribution operations. Designed to increase operating earnings by about $90 million a year by 2005, the new series of measures will ...
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Fielmann Benefits From Its Dutch War With Specsavers
Fielmann has begun to sign up some more leases for its own stores in the Netherlands following a wave of free publicity that has reportedly raised the brand's level of recognition in the country from 4 to 80 percent in the last few weeks. Scores of press articles have in ...
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De Rigo Has Mixed Results
The group's retail sales continued to grow sharply in Spain, but not in the UK, where its wholly owned Dollond & Aitchison chain suffered from a difficult retail environment for optical frames and from certain disruptions and delays, due to change in the supply chain that followed the sale of ...
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Sunglass Hut And The Dollar Lead To A Quarterly Sales Drop For Luxottica
As Leonardo Del Vecchio puts it, the outlook for the global economic environment continues to be uncertain and the economy has a difficult time turning around, affecting consumer confidence. On the other hand, Luxottica's chairman and CEO still expects to reach a net margin close to 12 percent for the ...
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Essilor Makes New Investments In Korea And Poland
Using a strategy that is somewhat similar to the one that it has been pursueing with Nikon in Japan, where the group has become the second-largest player, Essilor International is forming a 50-50 joint venture with a South Korean company, Samyung Trading Co., to help sell better its products in ...
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Oakley Improves Relations With Sunglass Hut, Leading To Shortages
Jim Jannard, the unconventional CEO and majority shareholder of Oakley, had a couple of good surprises lately. The company's main icon, Lance Amstrong, won the Tour de France cycling tournament for the 4th time in a row, and Jannard was there to cheer him. More importantly, Oakley's relations with Sunglass ...
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De Rigo Lets Dino Tabacchi Buy 100% Of Salmoiraghi
As of June 25, Dino Tabacchi, who is leaving as vice president of Safilo, owns 100 percent of the largest italian optical chain, Salmoiraghi & Vigano, as De Rigo waived its right of first refusal on the acquisition on June 4. De Rigo, which owns the General Optica chain in ...
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The German Market May Grow By 2%
This is the tentative forecast recently made for this year by Germany's well-organized Central Association of Opticians (ZVA), based on the latest indications from the market. According to ZVA, German opticians' sales grew by only 0.6 percent in 2001 to e4,039 million, with flat revenues in all the major product ...
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Rodenstock Suffered A Loss In 2001, But May Soon To Be Fit For An Ipo
Rodenstock's revenues from its own core business of lenses and frames rose by 3 percent to e368 million last year, but because of divestitures and other structural changes, its total sales dropped by 14 percent to e422 million. Due to exceptional charges which should not occur again this year, the ...
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Alain Afflelou Improves Results, Looks At Germany For Growth
Following its successful stock market introduction, which was subscribed by more than 100 institutional investors, Europe's largest retail franchisor in the optical sector has resumed negotiations for the acquisition of an unnamed German retail chain that it would use to build up a similar network of franchised stores in that ...
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Opsm Makes New Executive Appointments
OPSM Group, the largest optical retailing group in Australia, has appointed a company veteran, Alan Smith, as group general manager for international development, its instruments business and relations with the government and industry. He replaces Peter Lenehan, who is retiring after 18 years in senior positions at OPSM. Sarah Paykel ...
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Marchon Appoints Thomas Zettler As European Manager
Marchon has appointed an Austrian sporting goods industry executive, Thomas Zettler, to the new position of senior vice president and managing director of Marchon Europe, which is developing more specific products and price points for the region. Based at the subsidiary's office in Amsterdam, he will run all administrative, operational, ...
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Boots Opticians Doubles Margins
Boots Opticians' operating income more than doubled in the year ended March 31, increasing by 113.6 percent to £9.4 million (e14.5m-$14.3m). The result can be attributed to considerable streamlining and the reorganization of various aspects of the chain conducted by Norman Usher, who was appointed as its managing director about ...
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Growing Italian Vision Service Group Wants To Build Up Its Service Image
Vision Service, a relatively young Italian buying group created in 1996, has a new strategy to identify itself as a higher-quality standardized service provider across its 300-plus affiliated stores. To this end, last year the association went from being a mere buying group, with a consortium structure, to ...
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Women Buy More Eyeglasses In Italy, And The Younger Ones Buy More Sunglasses
A recent survey shows that 45.3 percent of all the Italians aged 15 or more went to an optical store over the past 6 months. Of those who did so, 45.7 percent went there to buy sunglasses. An estimated 31 percent went to the optician to buy corrective glasses, and ...
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Cole National Improves Sharply
The world's largest optical retail group published strong results for the 1st quarter ended May 4. Net income jumped to $2,897,000 from $645,000 in the year-ago period, and operating income (EBITDA), rose by 20 percent to $20,495,000. Total revenues were up to $290,109,000 from $270,291,000, with same-store increases for all ...
