All Data & Analysis articles – Page 6
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ArticleDigital natives are the most frequent cross-border e-commerce shoppers
A recent survey by eShopWorld, a privately held Irish company headquartered in Dublin with offices around the globe that provides a technology platform for brands and retailers looking to sell online to global markets, found out that younger, digitally native consumers aged 25 to 34 are the group that most ...
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News briefs
Germans’ willingness to buy is in “freefall”
The propensity to buy of German consumers is “in freefall,” according to the think tank GfK. Hit by strict Covid-19 related lockdowns, consumer confidence in Germany is seen falling to -15.6 in February from -7.5 in January, which was revised from an original reading of -7.3. “The closure of the ...
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ArticleEyewear industry stocks grew by 6% in 2020
We are publishing here for the first time our ranking of the main stock-listed eyewear industry companies, based on their stock market capitalization in euros at the end of 2020. The corresponding table also shows the change in market value from the previous year, both in local currency and euros. ...
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ArticleFashion industry sales may return to pre-Covid levels late 2022
The global fashion industry is expected to suffer a 15-30 percent decline in sales this year and is not expected to return to 2019 levels until at least the third quarter of 2022, according “The State of Fashion 2021”, a new report by Business of Fashion and McKinsey & Co. ...
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ArticleA quarter of European firms need support or face a cash shortage in 2021
About a quarter of companies in the Eurozone will need more government support in 2021 to avert a cash-flow crisis, according to the French credit insurance company Euler Hermes. “The first wave of Covid-19 lockdowns caused a stronger-than-expected profitability shock for most European non-financial corporate” during the first half of ...
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ArticleMarc Simoncini, Alain Afflelou most admired French businessmen
Marc Simoncini and Alain Afflelou were elected as the most admired French businessmen in a poll organized by the magazine, Capital. Simoncini, who topped the ranking, is the founder of the dating website Meetic and until recently involved in the eyewear business. He entered the eyewear business in 2011 with ...
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ArticleFrench optical expenses up 5.6% in 2019
In its annual report published last week, the French ministry of health calculated that the overall health expenses in the country reached a total of €208 billion last year, an increase of 2.1 percent from 2018. The ministry also announced that the average “reste à charge” - the share of ...
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ArticleExecutive Survey: Optical industry braces up for a difficult spring/summer 2021 season
The optical industry is expecting a significant decline in demand for spring/summer 2021 collections as the world economy still reels from the blow of the Covid-19 pandemic. Nevertheless, many are maintaining comprehensive collections and relying on digital tools to defend or develop their businesses, according to an executive survey carried ...
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OpinionAmazon and other marketplaces may be in for a reckoning over illegal sales
Why the sale of illegal products through online platforms could become a problem for Amazon and other marketplaces – and why the widespread circumvention of EU competition law may soon be over
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Article
French customers maintain their eyewear purchase intentions
Six weeks after the lockdown restrictions were lifted in France, a new opinion poll of French customers by Opinion Way for Gifo, the national eyewear industry association, broadly confirmed the trends observed in the initial survey about a month ago. Less than 3 percent of the 1,537 respondents said they ...
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ArticleItalian eyewear exports seen down 25% in 2020
Exports of Italian eyewear are expected to fall by 25 percent, or nearly €1 billion, this year after dropping an estimated 41 percent, or over €850 million, in the first half and are forecast to drop by 7 percent, or some €130 million, in the second part of the year ...
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ArticleSafilo’s credit rating downgraded to B3 by Moody’s
Like many other companies, Safilo is seeing its credit rating cut because of the impact of the coronavirus. But, the eyewear manufacturer was already weakened prior to the health crisis by the loss of the Dior license and a further downgrade is a possibility.
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News briefs
Eyeglass prescriptions may fall by 3 million in France this year
In a series of recent interviews by the French website Acuité , several optical retail chain managers including Jean Pierre-Champion , general manager of Krys Group , Yves Guénin , general secretary of Optic 2000 and Gad Dhéry , CEO of Optic Duroc, have expressed concerns about ...
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ArticleTwo-speed restart in France after coronavirus crisis
Lens manufacturers are enjoying a strong recovery on the French market, while frame manufacturers are experiencing a slower restart as cash-strapped opticians delay reassortments.
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ArticleWGSN sees three major consumer groups emerging from the crisis
The coronavirus pandemic has accelerated societal changes and is forcing industries worldwide to adapt to the resulting changes in consumption, and WGSN has set out to predict what consumers will be looking for in the next couple of years.
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Article
French customers’ purchasing intentions remain unchanged despite Covid-19
A large majority of French customers still have the same purchasing intentions and related budget for eyeglasses and sunglasses, in spite of the coronavirus crisis. This is the main result of an opinion poll conducted last week by OpinionWay, commissioned by GIFO, the French optical industry association.
