All Article articles – Page 9
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Ray-Ban Meta inspiring competition
Apple is exploring the exploring the territory, China’s Baidu already claiming a stake.
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Lenskart close to break-even as revenue jumps 43% in FY2024
According to The Economic Times and several other Indian business news organizations, optical retail group Lenskart has reported a 43 percent year-on-year jump in operating revenue to Rs 5,610 crore (€625m) for its 2024 fiscal year, ended at the end of March. The group had roughly doubled its sales in ...
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Thélios to invest in MYKITA
LVMH’s eyewear unit expands its footprint in the eyewear designer segment with a minority stake in the Berlin-based eyewear designer and manufacturer.
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Warby Parker raises guidance again as sales momentum continues
Warby Parker raised its full-year guidance for revenues and adjusted Ebitda as sales momentum continued in the third quarter and the start of the fourth. Third-quarter revenues increased by 13.3 percent year over year to reach $192.4 million, in line with the growth rate seen in the previous quarter and ...
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Safilo keeps focus on margins as sales slump persists
Safilo Group’s topline continued to slip in Q3 2024, as quarterly sales went down by 4.1 percent year on year to $225.4 million, weighed down by a stubbornly soft North American business. At constant rates, revenue decreased by 3.4 percent versus 2023, in line with the company’s performance in the ...
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National Vision to close 39 stores, moderate new store growth after lackluster Q3
Q3 revenue was up by 2.4 percent year over year to $451 million. Adjusted operating margin remained in low-digit territory.
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KITS Eyecare reports higher profit ratios and 34% revenue hike for Q3
Full-year revenue forecast at close to 160 million Canadian dollars.
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Marcolin sales still down despite EMEA Q3 rebound, 9M margins slightly up
In line with its previous financial results Marcolin has reported slight profitability improvements for the first nine months of this year despite a continued decline in group sales, mostly related to the Americas market. Revenue in the nine-month period was down by 3.2 percent year over year to €408.0 million, ...
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US consumers increasingly opt for budget eyewear in stores, survey finds
Commenting the results of its most recent quarterly survey, The Vision Council, the US eyewear industry association, stressed that in-store customers were increasingly opting for spending less than $100 out-of-pocket for their eyewear purchase, confirming the shift away from luxury eyewear that has been the trend in the country in ...
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Essilux backs chief strategy officer Leonardo Maria Del Vecchio amid hacking probe
EssilorLuxottica has expressed its support for Leonardo Maria Del Vecchio, its chief strategy officer and the son of the late founder of Luxottica, amid a probe that has seen four individuals placed under arrest and Del Vecchio and dozens of others being investigated by the Milan public prosecutor’s office for ...
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Solid organic growth and US acquisitions keep Fielmann in double-digit growth gear
International markets have come to account for over a third of the German-based optical retail group. The US is already the second-largest market for the group, with annual sales projected at over €250 million.
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HOYA Life Care business returns to growth in Q2, confirming IT incident recovery
Hoya Life Care unit sales increased by 2.2 percent at constant rates in fiscal Q2, driven by ophthalmic lenses and contact lenses.
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Topcon reports slight eye care sales hike, invests in Ocumetra
The Japanese-based group sales inched up by 0.8 percent at constant rates, driven by major optical chains in North America and Europe. It is also investing in the myopia management segment through a strategic partnership with Ocumetra.
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Zeiss Vision Care to cut production, staff at German plant
Rising costs appear to be hurting German competitiveness.
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Japanese optical retail chain goes public
Zoff, a Japanese retail chain with approximately 300 stores, went public earler this month. The company anticipates a 9 percent year-on-year revenue growth in 2024.
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Zenni, Eyebot using automation to remove eye-test obstacles
The companies have teamed up to field eye-scanning kiosks.
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French opticians’ association challenges health insurances’ proxy on optical network tender call
The Rassemblement des Opticiens de France (ROF) points at some possible irregularities, both in terms of commercial relations and of personal data protection, in the last tender call by Santéclair for French opticians to join its optical network. The dispute illustrates one specificity of the French optical market.
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Apple to turn AirPods into hearing aids
This autumn, Apple will be releasing a software update that will turn the AirPods Pro 2 into a pair of hearing aids and a little more. According to the company, AirPods, with their in-ear seal and noise cancellation, can perform hearing tests in combination with an iPhone or iPad. For ...
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Despite a slight slowdown in Q3, Kering Eyewear remains a bright spot for the group
Reporting a 4 percent increase in Q3 sales, Kering Eyewear again largely outperformed the whole Kering group, whose topline double-digit decline further accelerated.
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iVisionTech diversifies into auto sector with purchase of 45% stake in Molex Zetronic
OEM eyewear maker is continuing to diversify its activities by investing in the producer of electronic components for the automotive sector. There may also be some synergies in the domain of smart glasses.