All Article articles – Page 44
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ArticleFast-growing Cooper gears up for MiSight launch
Cooper Companies reported a 32 percent year-on-year revenue increase for the third quarter of its current financial year to a total of $763 million with a solid performance in both its CooperVision and CooperSurgical divisions, which respectively grew by 24 percent to $557.5 million and by 60 percent to $205.9 ...
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ArticleKits sales up 21%, ramps up eyeglass business
Kits Eyecare, a Canadian-based online retailer of contact lenses, eyeglasses and sunglasses that went public at the start of this year, reported a 21 percent year-on-year increase in H1 revenues to $42.1 million. On a constant currency basis, total sales went up by 28 percent as compared to the same ...
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ArticleMarchon on track for a record year
Unlike other major players in the eyewear industry that are public listed, Marchon Eyewear is not publishing its results but Nicola Zotta, CEO of the U.S. eyewear manufacturer, agreed to share some information with Eyewear Intelligence on the company’s performance and projects. While Marchon was slowed down in 2020 by ...
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ArticleWarby Parker releases sales and profit figures ahead of IPO
Warby Parker, the U.S. omnichannel retailer, announced last week that it has filed a registration with the Securities and Exchange Commission (SEC) for its future Initial Public Offering (IPO) on the New York stock exchange. The registration document, which can be found here, shows that, although its revenues grew quickly ...
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ArticleFielmann sees Q2 sales surge, confirms FY outlook
Fielmann saw external sales in its second quarter, ended June 30, rise by 56 percent to €474.9 million and group sales jump 60 percent to €407.7 million. The retail group enjoyed growth in all major markets thanks to the ongoing rollout of its omnichannel platform, an economic recovery fueled by ...
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ArticleVSP Global explores the future of the eye-as-a-tool
VSP Global has released ”The Future of Personal Performance Report”, a new research in collaboration with the market intelligence platform CB Insights. The report identifies five key-trends showing innovation opportunities as consumers pay more and more attention to their well-being and try to improve their overall performance. Among these five ...
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ArticleGrandVision close to full Covid recovery in Q2
For its first results’ presentation since the takeover by EssilorLuxottica on July 1, GrandVision reported a strong rebound in both revenues and profits as compared to last year but fell short of returning to pre-pandemic levels. The recovery was driven by the easing of Covid-related restrictions in most countries, continuing ...
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ArticleSafilo accelerates in Q2
Safilo Group confirmed its recovery during the presentation of its Q2 results that showed an acceleration in the company’s sales growth from the previous quarter, driven by the U.S. and China, Smith, its prescription eyewear business and e-commerce. The Italian company also significantly increased its operating profitability thanks to the ...
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ArticleSilmo Paris announces over 500 exhibitors
The organizers of Silmo have announced that more than 500 exhibitors from 32 countries have already confirmed their participation in the next edition of the show scheduled to take place in Paris from next Sept. 24 to 27. It will be the first edition of Silmo Paris since 2019 and ...
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ArticleMarcolin on track towards full Covid recovery
Marcolin reported a strong sales recovery for the first six months of 2021 as compared to the same period last year, with an acceleration in Q2 that brought back the Italian group at pre-pandemic revenue level. The company also significantly improved its profitability ratios during the period. Total H1 sales ...
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ArticleEssilorLuxottica delivers strong Q2
EssilorLuxottica reported total revenues of €4,709 million for the second quarter of its 2021 fiscal year, up 92.5 percent in reported terms and 103.1 percent at constant exchange rates as compared to 2020. Compared to the same period in the pre-Covid 2019 year, revenues increased by 9.2 percent in neutral ...
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ArticleHoya returns to pre-Covid sales level in lenses
Hoya Corporation reported a 45 percent year-on-year increase in Q1 group revenues to 158.0 billion Japanese yen (€1,212m-$1,439m), confirming its rebound from the Covid-19 crisis with strong sales’ growth in both its Life Care and Information Technology segments. On a currency neutral basis, quarterly revenues grew by 39 percent as ...
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ArticleKering Eyewear H1 sales top 2019 level by 22%
Kering Eyewear reported a 61.8 percent year-on-year jump in revenues and on comparable currency basis, reaching €383 million for the first half of its 2021 fiscal year. Deducting €57 million in royalties and intragroup sales, the company’s net contribution to the group’s H1 revenues totaled €326 million, up 69.8 percent ...
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ArticleSun Hing turns a small profit despite 23% sales drop
Sun Hing Vision Group, the Hong Kong-based eyewear company, reported a 23.1 percent year-on-year drop in annual sales to 702 million HK dollars (€76.4 m-€90.3m) for its 2020/21 fiscal year as both its OEM and distribution business were significantly impacted by the Covid-19 pandemic. The OEM business’ segment sales, which ...
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ArticleLuxottica facing €125m penalty from French competition watchdog
L’Autorité de la concurrence, the French market competition regulator, sanctioned Luxottica yesterday with a €125 million penalty for anti-competitive behaviors in France between 2005 and 2014. EssilorLuxottica immediately announced that it would appeal the decision, highlighting that the group had always conducted its business according to the highest standards of ...
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ArticleDemo lenses find new life in eyewear frames
A few months ago, Yair Neuman, a London-based eyewear designer, and Cubbitts, an eyewear maker and retailer also based in the British capital, launched FUSED, a collection of eyewear made from DELEREX. The new material, developed and patented by Neuman, is entirely recycled from demo lenses collected at optical stores ...
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ArticleJimmy Fairly to boost international business under new ownership
The vertically integrated French eyewear brand Jimmy Fairly is changing hands after its founders, Antonin Chartier and Sacha Bostoni, and the investment fund Experienced Capital, their main financial partner since 2017, agreed to sell a majority stake of the company to the HLD investment fund. Experienced Capital will exit the ...
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ArticleLuxexcel accelerates in smart prescription lenses
Luxexcel, the Dutch-based supplier of 3D-printed lenses, announced yesterday the launch of its new platform for the manufacturing of prescription lenses for smart glasses. The announcement comes only a few months after the company partnered with WaveOptics, a U.K-based supplier of waveguides. Called Vision Platform 7, the new solution supplied ...
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ArticleEssilux opens smart eyewear innovation center in France
EssilorLuxottica announced earlier this week the creation of a smart eyewear innovation center in France. Located at the group’s production site in Dijon, the new Smart Eyewear Technologies Center aims at reinforcing the company’s expertise and expanding its capabilities in electrochromic – electronically-powered and automated change of the tint of ...
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ArticleHans Anders to start using new AI tool for style recommendations
Hans Anders will start using STYLE PTTRNS, a style recommendation tool for prescription eyewear created by Eindhoven-based startup PTTRNS.ai, on its Dutch e-commerce website starting July 15. The company’s program is presented as a service to assist online and in-store customers in the time-consuming and often challenging selection of their ...
