All Article articles – Page 81
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Shamir offers lenses in four hours
Residents and tourists in the Paris region will be able to get a new pair of high-tech lenses in four hours, made by Shamir through a new patent-pending process at a new laboratory installed at its French subsidiary's office in the suburban town of Collégien. Called Shamir InoTime, this rather ...
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Higher sales and profits at Zeiss
The Zeiss Group reported a 4 percent sales increase to €553 million for its combined Vision Care & Consumer Products division in the first six months of its financial year through March 31. Company officials indicated that the profitability of the segment has been improving as well.The higher profits are ...
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MPG is looking for a retail partner in Italy
The Michael Pachleitner Group (MPG), the diversified Austrian optical group, is now looking for partners among the Italian optical chains with which it can collaborate closely, especially as a supplier of lenses from its Schulz laboratory in Germany. Specifically, MPG is interested in possibly acquiring minority shares in family-owned chains ...
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Julbo widens its offer with Solar
As previously announced (Eyewear Intelligence Vol. 18 n°2+3), the French sports eyewear company has decided to revive the Solar brand of sunglasses, which disappeared from the market for more than 25 years when L'Amy stopped its development in 1989. In a smart move intended to complement its present offer of ...
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U.S. Optical Barometer shows a decline in Q1
The latest Optical Business Barometer (OBB) showed a decline in the first quarter of 2017 when compared to the first quarter of 2016, with the rating falling to 3.94 as compared to 3.98 in the same quarter last year. The OBB is a survey designed to gauge the attitude and ...
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The European contact lens market grew by 5.7% in 2016
In 2016, sales of soft contact lenses to eye-care professionals across 33 European countries increased by 5.7 percent to €1,742 million, according to an annual study by the European Federation of National Associations and International Companies of Contact Lens and Lens Care Manufacturers (Euromcontact). The results are based on figures ...
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Hans Anders has a new investor, 3i
A large investment fund, 3i, has announced an investment of €200 million in Hans Anders, purchasing an unspecified majority stake in the Dutch-based optical discount retail chain. Company officials will only say that 3i will own the vast majority of the shares, with members of the management holding a minority ...
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Essilor posts strong revenues, boosted by acquisitions
Essilor International posted strong revenues for the first quarter of 2017, boosted by favorable currencies and recent acquisitions. They were 10.0 percent higher than in the year-ago quarter at €1,962 million, but on a comparable basis they were up by only 2.4 percent. Newly acquired companies inflated its revenues by ...
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Alcon’s recovery is slowly on track
Novartis reported sales for its Alcon eye care business of $1.4 billion in the first quarter, down by 1 percent versus last year's first quarter. In constant currencies, Alcon sales increased by 1 percent. Novartis said Alcon's growth plan is on track, with ongoing actions to accelerate sales and innovation, ...
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J & J’s vision care posts double-digit growth
Johnson & Johnson (J&J) reported worldwide vision care sales of $798 billion for the first quarter of 2017, an increase of 24.7 percent as compared to the first quarter of 2016. Domestic sales for the segment increased by 26 percent to $305 million while international sales jumped by 23.9 percent ...
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New report highlights need for better UV protection
The Vision Council has released “UV Gotta Have Shades,” its newest report about UV protection. The document, which is meant for the vision industry at large as well as the media, highlights the habits of American adults and children regarding exposure to the sun's UV rays. Data are drawn from ...
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Bumper quarter for Fielmann
Sales rose by nearly 7 percent on a same-store basis during the first quarter of this year for the leading German optical retailer. The main reason was the addition of two extra shopping days as compared to a year ago, due to the later Easter holidays, company officials pointed out. ...
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GrandVision buys Tesco Opticians, looks for new CEO
Vision Express, the British optical retail chain controlled by GrandVision, has agreed to acquire the network of 209 Tesco Optician stores, located in some of the larger Tesco supermarket stores in the U.K. and Ireland. The financial terms of the transaction were not disclosed.Tesco Opticians employs more than 1,500 people ...
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Cutler and Gross revises its sales structure
Cutler and Gross has completed the establishment of a new global sales force. Instead of taking orders directly from retailers as before, as many companies in the sector are still doing, it has set up a team of 12 agents all over Europe in recent months. The most recent agent, ...
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Luxottica downsizes LensCrafters’ stores
Luxottica plans to reduce the size of LensCrafters locations in the U.S. by removing in-store laboratories and servicing the points of sale from central laboratories. Financial analysts expect the move to reduce the size of the stores by 40-50 percent, and the group said that the estimate is reasonable.It can ...
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New figures from Germany
At its annual press conference, the German opticians' association, the ZVA, estimated that the German optical retail market increased by 2.1 percent to a total turnover of €5.9 billion in 2016, as compared to the previous year. Excluding online retail sales, the market recorded a turnover of €5.7 billion in ...
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GrandVision registers strong growth in the first quarter
GrandVision's revenues for the first quarter of the year grew by 5.2 percent over the year-ago quarter to €821 million, with a 6.2 percent increase in constant currencies. On a comparable store basis, they increased by 4.1 percent, driven by strong sunglass sales, the timing of the Easter holidays and ...
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Rodenstock’s turnover is flattish
After rising for six years in a row, Rodenstock's sales were basically flat in the past financial year in terms of local currencies. In reported euros, they were down by 1.8 percent to €409 million, with declines of 1.5 percent in lenses and 6 percent in spectacles. Ebitda went down ...
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New stores and Salmoiraghi lift Luxottica’s sales
Luxottica increased first-quarter sales by 5.2 percent to €2,384 million thanks to favorable foreign exchange rates, the opening of new stores and the consolidation of the results of Salmoiraghi & Viganò, the Italian optical retail chain, which contributed about €40-50 million in additional revenues.Like Essilor, however, Luxottica is not growing ...
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Luxottica issues a disappointing 2017 outlook
Is Luxottica reaching a saturation point, justifying in some ways its merger into Essilor International? The giant Italian eyewear company says that its revenues will rise by a low to mid-single-digit rate in local currencies this year, roughly in line with its relatively lackluster performance in 2016. Last year, the ...
