All Article articles – Page 90
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Silmo Sydney gets new support
In our last issue, we reported that the Optical Distributors & Manufacturers Association of Australia (ODMA) had approached the organizers of the Silmo show in Paris to stage a similar event in its country. We were wrong. The approach came from a local fair organizer, Expertise Events, which had ODMA's ...
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Mandl will run MPG
The Austrian-based Michael Pachleitner Group (MP Group) is expanding its top management with the appointment of a seasoned Austrian executive, Heinzpeter Mandl, saying that his task will be the strategic development of its 360° service concept internationally.We know and appreciate Mandl from another publication of ours, Shoe Intelligence. At the ...
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Luxottica targets 17,000 wholesale doors in China by 2018
Luxottica aims to service a total of 17,000 stores operated by wholesale clients in mainland China by 2018 as it builds up its presence in the country. This compares with more than 150,000 wholesale locations currently served by the group worldwide.The company wants to reach this objective by boosting its ...
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Luxottica’s net rises by 25.1%
Luxottica posted a 25.1 percent rise in net profits to €804 million for 2015, lifted by a previously reported 15.5 percent rise in net revenues to €8,837 million. The top line benefited from positive currency rates: at constant exchange rates, the group's revenues were up by 4.3 percent.On an adjusted ...
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Marchon passes the $1 billion hurdle
At the Mido trade show a year ago, Claudio Gottardi, president and chief executive of Marchon Eyewear, had reported a turnover of $979 million for 2014 and predicted the company's turnover would break the symbolic $1 billion barrier this year, growing by around 7 percent in constant currencies.At the recent ...
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GrandVision posts 13.2% growth, continues store expansion
The big international optical retailing group reported a stable adjusted operating margin before amortization (Ebitda) of 16 percent on sales €3,205 million for its fiscal year ended Dec. 31. Sales grew by 13.2 percent in constant currencies, driven by organic growth of 5.3 percent and growth from acquisitions of 7.9 ...
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Luxottica aims for €15 billion in sales in 2024
Luxottica is aiming to reach €15 billion in revenues by 2024, up from the adjusted turnover of €9,011 million recorded last year. The target does not take into account possible acquisitions. The group did not detail its growth path to 2024 but did release some guidance for sales and profits ...
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Luxottica sees 15% of wholesale coming from replenishment
Luxottica anticipates that its automatic stock replenishment system, STARS, will manage 15 percent of its wholesale revenues by 2018, up from 8-9 percent currently. In Southeast Asia, the percentage is expected to reach 20 percent over the period.After adding 2,300 third-party retail doors to the program in 2015, STARS has ...
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Krys grows by 2.3% in a tough market
GfK reports that the French optical retail market rose by 3.4 percent last year. Quoting another market research company based in Paris, I+C, the Krys Group says it increased by only 0.5 percent and indicates that it may drop by 15 percent this year due to new governmental regulations on ...
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Italia Independent grows by 20.4%
Italia Independent confirms that eyewear is its core business, after eight years of experimenting in two additional segments - apparel and communication. Quoted on the AIM counter of the Italian stock exchange, the group closed 2015 with revenues at €39.6 million, up by 20.4 percent as compared to 2014. Eyewear ...
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Luxottica to double e-commerce sales by 2018
Luxottica expects that revenues generated from e-commerce will double by 2018 compared with 2015, driven by sales through the Ray-Ban, Oakley and Sunglass Hut websites. The pace would represent a slowdown from the fourfold surge posted between 2011 and 2015. In 2015 alone, e-commerce sales rose by 50 percent at ...
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Luxottica’s Q4 sales grew by 7.9%, missing expectations
Luxottica posted a 7.9 percent sales increase to €2,015 million for the fourth quarter of 2015, coming short of analysts' expectations of a turnover of €2,130 million for the period. On a currency-neutral basis, the group's revenues went up by only 2.0 percent.Adjusted revenues went up by 8.9 percent in ...
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GfK sees a 7% rise in main European markets
The ophthalmic optics market rose by 7.0 percent in 2015 to more than €17 billion in Italy, France, Spain and Germany, according to GfK's Optics Panel, which covers opticians' sales of spectacle lenses, frames, sunglasses, contact lenses and lens care products. Progress was registered in all the countries and all ...
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Mido reports 7% higher attendance
The organizers of the Mido trade show in Milan announced a 7 percent increase in the number of visitors to a total of more than 52,000 for its latest edition, held in Milan on Feb. 27 to 29. As we previously pointed out, the figure is an estimate that includes ...
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Vision Group adopts FittingBox
Vision Group is now offering FittingBox' marketing virtual try-on technology to its members. Krys, the French buying group that was a partner of the Italian group in a former European cooperative, Garro, had successfully introduced FittingBox in its stores five years. As reported in our last issue, Atol les Opticiens, ...
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Afflelou is entering China
Alain Afflelou, France's largest franchised eyewear group, will soon be opening its first stores in China, in partnership with the China-based MeiLu Vision group. Afflelou will make its debut in the country this spring with four stores in the Sichuan region, in central China, around 1,500 km from Shanghai and ...
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Del Vecchio appoints a deputy to the board
Luxottica has appointed Francesco Milleri to the board of directors with the task of assisting Leonardo Del Vecchio, executive chairman of the group, in “carrying out the various functions associated with his current role.” An Italian business daily, Il Sole 24 Ore, said that Milleri is already an acting deputy ...
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Silmo goes to Australia
Confirming the information that we had already given in our last issue, Silmo announced a new partnership at Mido that will lead to the organization of the first Silmo Sidney in Australia on March 9-11, 2017. It is teaming up for this purpose with an Australian specialist in event management ...
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Safilo cleans up its balance sheet
Safilo unexpectedly booked €60.5 million in non-recurrent charges for 2015, against €7.7 million in 2014, largely due to the write-down of the value of its Asian business and a €17.0 million provision for a settlement with French anti-trust authorities. The goodwill impairment loss totaled €40.5 million. The bulk of the ...
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CVI continues to gain market shares
The U.S. was the only market where CooperVision lost market share in the last three months of 2015, due to Johnson & Johnson's aggressive roll-out of its Oasis range of one-day silicon hydrogel contact lenses. While the total soft contact lens market rose by 4 percent in the Americas during ...
