All Article articles – Page 93
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Allergan to merge with Pfizer after a 90% sales increase
Allergan reported what it described as “continued exceptional performance” with sales up by 90 percent to $4.1 billion for the quarter ended Sept. 30 as compared to the previous year's third quarter. The performance was driven by growth in the company's U.S. Brands, medical aesthetics, international brands and Anda distribution ...
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Luxottica is not sure about future profits
In reporting its quarterly results earlier this month, Luxottica confirmed its sales outlook for this year and next, indicating that its revenues will rise by a mid- to high single-digit rate in both years, as part of a plan to double the top line in 10 years. However, the group ...
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Safilo’s underlying sales continue to accelerate
Safilo's underlying sales, which exclude the licenses for Gucci and other brands brought in-house by Kering, rose by a high single-digit growth rate in the third quarter after a rise of 4.0 percent in the first half. The net profit rose by 2.2 percent to €2.2 million in the quarter. ...
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Bushnell’s new parent benefits from acquisitions
As reported in two other publications of ours, Sporting Goods Intelligence and the Outdoor Industry Compass, Vista Outdoor paid a lot of money recently for the acquisition of two U.S. companies, Camelbak and Jimmy Styks, that produce hydration equipment and stand-up paddle boards. Other acquisitions are in the pipeline.The acquisitions ...
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Luxottica signs an innovative labor agreement
Luxottica employs about 10,000 people at its head office in Milan and at its Italian manufacturing plants in Agordo, Cencenighe, Sedico, Pederobba, Rovereto, and Lauriano. The company has announced the signature of a comprehensive new collective labor agreement with their trade unions, covering the period from Dec. 1 to Dec. ...
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American Vision, an ambitious new Indian project
Many new Indian projects start up in Pune, a technologically driven city in the state of Maharashtra near Mumbai. One of them is American Vision, a new store franchising program that began there last spring with a declared ambition to become the largest network of optical stores in the country.The ...
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Walter & Herbert, a new line made in England
The Optoplast Actman Eyewear Company has successfully launched a new corporate brand of eyewear made in England, Walter & Herbert. The new project follows two years of intense development and investments in new equipment for barreling, polishing, cutting, laser engraving and other operations at the company's own central warehouse in ...
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Another poor quarter for Spy
Spy's net loss widened to $788,000 in the third quarter from a loss of $19,000 in the same period a year ago as the U.S. company's sales fell by 14.6 percent to $9,370,000 during the period. The gross margin declined sharply to 43.7 percent from 49.2 percent in the same ...
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New CEO for Avanzi
Avanzi Holding, the Italian optical retail group controlled by GrandVision, has a new chief executive, Luca Sacilotto, who has been running since 2008 Gruppo Randazzo, the Italian retail chain that was acquired by Avanzi last year. Sacilotto takes over from Christophe Reale, who has been named international project manager for ...
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U.S. Optical Barometer shows a slight decrease
The Optical Business Barometer (OBB), a monthly survey designed to gauge business attitudes among independent eyecare professionals in the U.S., stood at 3.76 for October 2015, as compared to a September 2015 rating of 3.89. The rating is only slightly down versus an October 2014 rating of 3.77 and is ...
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Better results and more stores for Salmoiraghi
The other major player in the Italian optical retail market, Salmoiraghi & Viganò, has announced that it will open 30 new directly operated stores during the financial year that started this September, positioned in different market segments and equally divided between city center locations and shopping malls.The new stores will ...
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Lower margins for Hoya’s eyeglass business
Hoya Corporation reported an 8.1 percent increase to 81.6 billion yen (€623.6m-$664.0m) for its second quarter ended Sept. 30 in the revenues of its Life Care segment, which includes eyeglasses, contact lenses, intraocular devices, endoscopes and other products. Excluding foreign currency conversions, the revenues were up by 6 percent. The ...
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New CEO for Eschenbach
Jörg Zobel, 43, has become the new chief executive of Eschenbach Optik, the largest eyewear producer in Germany and a major global supplier of low-vision equipment. He takes the place of Wolfgang Rebstock, who retired on Nov. 13 after more than 16 years with the company. Rebstock's main partner, Peter ...
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Currencies help Fedon
Giorgio Fedon & Figli has reported growth of 14.3 percent in its revenues to €53.4 million for the first nine months of 2015, with an increase of 0.7 percent in constant currencies. Operating earnings before amortization (Ebitda) rose by 8.2 percent to €2,863,000, indicating a reduced operating margin of 5.37 ...
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Luxottica strikes a major deal with Macy’s
Luxottica has reached an agreement to open LensCrafters shop-in-shops in up to 500 Macy's department stores in the U.S. over the next three years. The agreement comes in the wake of a previous experience between the two groups that resulted in the opening so far of some 670 Sunglass Hut ...
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Faster growth for Fielmann
The leading German optical retailer moved into a faster mode in the third quarter. Its sales increased by 6 percent on a same-store basis during the period, said a spokesman for the company, attributing this performance to the positive consumer climate in Germany as well as an attractive offering of ...
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Grandvision improves sales and margins
The expansion of the retail network and the weakness of the euro helped to boost the sales of Grandvision for the third quarter and the nine months ended Sept. 30. The group had a total of 5,922 stores at the end of these periods, 108 more than at the end ...
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Italia Independent grows less
Italia Independent closed the first nine months of 2015 with consolidated turnover of €30.94 million, up by 26 percent over the same period a year ago. Apparently, the third quarter didn't fare so well as the growth had been at a stronger level of 42.5 percent in the first half, ...
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Luxottica reports higher sales and profits for the third quarter
For the third quarter ended Sept. 30, the company posted a 14.4 percent increase in total sales to €2,155 million. At constant currency rates, they grew by 4.8 percent. Adjusted revenues grew by 15.4 percent in euros and by 5.5 percent on a currency-neutral basis, reaching €2,199 million.The adjusted figure ...
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Southern Italians are at risk
Commissione Difesa Vista (CDV), an organization that promotes vision correction in Italy, made available free vision screenings to citizens in eight Italian cities during the month of October. The exams were performed on 2,058 people during 19 days in October by ophthalmologists and opticians in the main squares of cities ...
