All Article articles – Page 35
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ArticleCVI up 11% organically, sees myopia management segment breaking even
CooperCompanies has reported a 2 percent year-on-year increase to $566.3 million in sales for its CooperVision unit in Q3, slowed down by strong currency headwinds. The division’s revenue grew by 10 percent at constant exchange rates and by 11 percent on an organic basis compared to the same quarter last ...
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ArticleFielmann sees profits squeezed in H1
The Fielmann Group reported its Ebitda narrowed to €171.4 million in the first half of 2022 from €186.6 million the year earlier while its net profit slipped to €28.2 million from €37.4 million, as the group increased employees’ salaries amid a shortage of skilled workers while sales continued to be ...
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ArticleSynsam keeps up growth as Swedish factory comes online
Sales at the Synsam Group in the second quarter of 2022 increased by a reported 15.3 percent to 1,399 million Swedish crowns (€132.4m), a result the company highlighted was achieved in a competitive market for recruiting opticians, particularly in its home market of Sweden but also in Norway and Denmark. ...
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ArticleFielmann invests €65 m in high-tech facility in Czech Republic
The Fielmann Group announced a €65 million investment for a new high-tech eyewear manufacturing and logistics facility in Chomutov in the Czech Republic to support its European growth efforts. The company said that it would produce customised, refined prescription lenses at the new site and mount them into frames sourced ...
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ArticleInspecs lifts HY profits but sees tough trading in Europe
UK-based eyewear group Inspecs increased half-year profit despite currency headwinds, but warned that the war in Ukraine and cost-of-living crisis were hitting trade in its European markets. The firm posted a 15.8 percent increase in revenues to $145.5 million on a constant currency basis, driven by the continuing integration of ...
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ArticleNathalie Blanc partners with L’Amy America for the U.S. market
French eyewear brand Nathalie Blanc is entering the U.S. market through a multi-year partnership with Ultimate Vision, the luxury division of L’Amy America. Ultimate Vision will distribute Nathalie Blanc’s collections in the country, but the French company said it would directly manage its marketing operations for the U.S. market, notably ...
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ArticleNational Vision cuts sales outlooks as Q2 sales continue decline
National Vision said it was cutting its forecasts for top line growth for the full year, after sales slipped in the second quarter of 2022. Revenues in the three months ended July 2, 2022, decreased by 7.3 percent compared to the year earlier to $509.6 million and were positively impacted ...
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ArticleWarby Parker slashes sales outlook, cuts jobs despite 14% growth in Q2
Warby Parker slashed its sales outlook for the full year and unveiled corporate job cuts and other cost-cutting measures despite solid growth in the second quarter, as it highlighted the “uncertain macroeconomic environment” and signs of industry-wide weakness in demand for eyewear. The U.S.-based direct-to-consumer (D2C) company now anticipates full-year ...
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ArticleIOFT reopens for international business
Organizers of the IOFT show are getting ready to welcome back international visitors and exhibitors in Tokyo for the next edition of the event scheduled to take place from Oct. 18 to 20. Although the Japanese show was one of the very rare industry events that was not canceled during ...
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ArticleHOYA eyeglass lenses up 7% in Q1
Pushed by strong currency tailwinds, HOYA CORPORATION has reported record-high revenues and profits for the first quarter of the current fiscal year. The topline was up by 14 percent year-on-year to 180.2 billion Japanese yen (€1,309m) and pretax profit increased by 21 percent to ¥61.5 billion (€447m). In constant currencies, ...
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ArticleSales growth and higher margins put Safilo ahead of 2024 business target
The Safilo Group has reported a 4.0 percent year-on-year growth in revenue for the second quarter of 2022 at constant exchange rates, with total sales reaching €288.3 million. In reported terms, the topline was up by 11.2 percent compared to 2021. On an organic basis, a calculation that only includes ...
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ArticleSun Hing Vision Group posts 25% revenue increase for 2021
Hong Kong-based eyewear manufacturer Sun Hing Vision Group has reported a 24.9 percent year-on-year revenue increase to 877 million Hong Kong dollars for fiscal 2021. The business recovery was largely due to a rebound in OEM sales to European and American customers, but the group has yet to fully recover ...
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ArticleMarcolin maintains growth pace in Q2
The Marcolin group posted a 19.7 percent year-on-year increase in revenue to €153.9 million for the second quarter of 2022, following on a similarly fast growth in the previous quarter. Overall and for the first six months of the year, the company’s sales totaled €283.7 million, up by 19.6 percent ...
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ArticleEssilorLuxottica profits up in H1 but sales decelerated in Q2
EssilorLuxottica has reported a 36 percent year-on-year increase in revenues to €6,387 million for the second quarter of 2022, with most of the growth attributable to the integration of the GrandVision business. On the comparable proforma basis prepared by the group, which adjusts 2021 figures as if GrandVision had been ...
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ArticleKering Eyewear doubles operating income in H1
Kering Eyewear sales increased by 50 percent year-on-year to a total of €591 million for the first half of the 2022 year. The eyewear unit was the fastest growing division of the larger Kering group whose total revenues for the period increased by 23 percent versus 2021. Kering ...
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ArticleWalmart enters partnership with Waldo
Walmart has established a partnership with Waldo, a company in London that delivers contact lenses by subscription. The deal with Walmart concerns in particular Waldo’s Hydra Boost Daily lenses, which deliver vitamins such as B12 to the eye of the wearer. On July 26 Walmart began selling a pack of ...
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ArticleM&A, organic growth, digital and training fuel CECOP Group
Just a few days after CECOP entered the German market through an agreement with Optic Society, we talked with Jean de Contades, global managing director of the fast-growing Spanish-based buying group. Founded in 1982, Optic Society is the second largest buying group in Germany with close to 700 members according ...
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ArticleEssilux partners with Polimi on €50 m smart eyewear R&D center
EssilorLuxottica and Politecnico di Milano, or Polimi as it is often called, have announced the launch of a joint R&D partnership focusing on the development of smart glasses and related technologies. Dubbed Smart Eyewear Lab and located in Milan, Italy, the project will initially last five years and will eventually ...
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ArticleFielmann announces cost reductions and strategic adjustments
Thanks to its increased digitization and internationalization and in spite of the COVID-19 crisis impact, Fielmann could achieve its 5 percent average annual sales’ increase target figure in recent years. The objective is part of its Vision 2025 plan which was announced in 2019. However, the German-based retail group has ...
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ArticleSpecsavers sales up 25% in 2021/22, driven by domestic market
After a temporary setback due to the COVID-19 crisis in 2020/21, with group revenues sliding by 5.8 percent year-on-year, the Specsavers group resumed its fast-pace growth with annual sales reaching £3.43 billion for the fiscal year ended Feb. 28 2022, up 24.9 percent. As shown in the table below, the ...
