Latest Headlines

  • mister-spex-eroeffnung-koeln-10-19-3-scaled
    Article

    Sunglasses and contact lenses drove Mister Spex’ growth in Q3

    2021-11-25T08:30:00Z

    Mister Spex, the German-based omnichannel retailer, has reported a double-digit increase in Q3 sales as compared to the same period last year, however falling below its own growth expectations as the prescription glasses’ business, which accounts for about 80 percent of the group’s revenues, underperformed. Total quarterly revenues stood at ...

  • VisotticaComotec
    Article

    Visottica Comotec consolidates group structure

    2021-11-23T10:08:00Z

    Visottica Comotec, the Italian supplier of eyewear components, has announced that it had just completed the acquisition of a majority stake in Ookii and Matrix, two businesses in which it invested in 2017. Founded in 1994 and also located in the Belluno district, Ookii is specializing in the production of ...

  • Mykita Mexico
    Article

    Fast-growing Mykita opens first shop in South America

    2021-11-21T11:57:00Z

    MYKITA, the upscale independent eyewear brand, announced last month the opening of a new store in Mexico, its first retail location in South America. The opening of the store comes about ten years after MYKITA entered the country. Moritz Krueger, founder, said that Mexico City had come to play an ...

  • 10117_laptop336704_1920_70256
    Article

    Kits Eyecare slows down in Q3

    2021-11-17T23:34:00Z

    Kits Eyecare, the Canadian-based eyewear pure online retailer that we started to follow a few months ago, announced that it has reached a record number of 640,000 two-year active customers, up 41 percent from the same number last year. However, Kit’s revenue growth came to a halt in the last ...

  • warby-parker-logo
    Article

    Warby Parker sees Q3 sales rise 32%, but remains in the red

    2021-11-15T07:43:00Z

    Warby Parker, the omnichannel U.S. retailer, booked revenues of $137.4 million in the third quarter, up by 32.0 percent on the year earlier and 45 percent higher than the same period of 2019, but its bottom line remained in the red due to charges associated with its recent public listing ...

  • Fielmann
    Article

    Fielmann reports 10% sales hike in Q3

    2021-11-12T09:26:00Z

    The Fielmann Group reported a 10.0 percent revenue growth in Q3 as compared to the previous year, with total consolidated sales reaching €460.8 million, also up by 15.2 percent from the same quarter in 2019. Units sold increased by 3.6 percent to 2.17 million pairs of glasses, indicating a significant ...

  • Safilo
    Article

    Safilo up 11% in Q3 versus 2019

    2021-11-10T09:21:00Z

    Announcing its Q3 and 9-month results yesterday, Safilo reported a double-digit growth in comparable sales as compared to 2019, driven as in the previous quarters by the U.S. market but this time also by a partial recovery in Europe. The combined effect of the revenue increase and the ongoing progress ...

  • bowindex1
    Article

    bbase launches sustainable materials’ index

    2021-11-08T06:00:00Z

    The bbase Design Group, an eyewear designer and manufacturer based in Hong Kong, has released a comparative tool measuring the sustainability performance of a number of materials used for the production of frames and lenses with the announced objective of providing the industry with a comparative analysis of existing sustainable ...

  • Charmant MN31009 - Shino 3
    Article

    Charmant Europe displays Japanese heritage and craft with new brand

    2021-11-05T08:28:00Z

    Visitors at the recent Silmo eyewear trade fair in Paris were able to take a look for the first time at Charmant’s new house brand, Minamoto, just launched by the European subsidiary of the Japanese eyewear maker. Satoshi Otsuki, president of Charmant Europe, told us that Minamoto, which means “origin” ...

  • marcolin HQ
    Article

    Marcolin back to pre-Covid sales level in key markets

    2021-11-03T08:21:00Z

    Marcolin has confirmed in Q3 its strong sales recovery since the start of this year, with nine-month revenues jumping by 42.8 percent year-on-year in reported terms to €336.6 million. At constant exchange rates, revenues were up by 47.5 percent as compared to 2021. The growth was driven by the American ...

  • EssilorLuxottica logo
    Article

    DTC and America drove EssilorLuxottica’s Q3 growth

    2021-11-02T09:08:00Z

    Reporting its results for the first time since the integration of GrandVision business, consolidated in the accounts since July 1, EssilorLuxottica reported a 33 percent increase in Q3 revenues to €5,473 million as compared to 2019 and in constant currencies. On a comparable basis, total sales in the quarter for ...

  • Hoya
    Article

    Hoya Q2 sees sales of lenses inch up despite Covid-19 resurgence

    2021-11-02T09:08:00Z

    Hoya Corporation saw revenues in the second quarter ended September 30 rise by 16 percent compared to the year earlier to 162.6 billion Japanese yen (€1,234.1m-$1,426.7m), with both Life Care and Information Technology segments continuing their recovery despite a resurgence of Covid-19 in some countries and regions. On a constant ...

  • GrandVision_logo
    Article

    GrandVision reports 10% comparable Q3 growth vs. 2019

    2021-10-29T07:28:00Z

    GrandVision reported a 2.0 percent year-on-year increase in Q3 revenues to €1,068 million, also representing a 2.3 percent hike as compared to the €1,045 million reported for the pre-pandemic 2019 year. However, on a comparable currency basis, the group’s total quarterly sales grew by 5.8 percent as compared to Q3 ...

  • JINS
    Article

    JINS revenues up 6% for the year, in spite of Q4 drop

    2021-10-25T08:20:00Z

    JINS Holdings, the Japanese-based retail group, reported a 12.4 percent year-on-year drop in quarterly sales for the last quarter of its financial year ended Aug. 31. The Q4 topline figure declined to 16.2 billion Japanese yen (€122m-$142m) versus Q4 2019, in stark contrast with the 56.2 percent year-on-year jump reported ...

  • VISUEL-04
    Article

    MICROOLED partners with urban mobility start-up on smart eyewear

    2021-10-22T11:51:00Z

    Cosmo Connected, a French start-up company founded in 2015, has announced the launch of Cosmo Vision, its connected glasses designed to replace the use of smartphone for bicycle and motorbike users during their rides. The company, which is led by Romain Afflelou, develops safety solutions for urban mobility such as ...

  • stock-2463798_1920
    Article

    Synsam targets €690-€840 million valuation

    2021-10-21T10:54:00Z

    Synsam, the leading optical retailer in the Nordics which recently declared its intention to go public, published its Introduction Public Offering (IPO) prospectus yesterday and announced that the first day of trading at the Nasdaq Stockholm stock exchange is scheduled for next Oct. 29. The complete document is available in ...

  • newsroom_header_image_desktop_1920x960px_2_6012aa04ca1da
    Article

    Solid growth for Kering Eyewear in Q3

    2021-10-20T08:57:00Z

    Kering Eyewear reported total revenues of €168 million for the third quarter of its current fiscal year. Corrected from royalties and intragroup operations, Q3 consolidated sales stood at €138 million, representing a 25 percent increase from the same period last year, and also significantly higher than the €100 million reported ...

  • Vision Council
    Article

    U.S. market back over 2019 level in Q2

    2021-10-14T08:12:00Z

    The Vision Council has announced the release of its quarterly VisionWatch research report and disclosed some key figures and trends in the U.S. optical market for the second quarter of 2021. According to the Vision Council’s data, the U.S. eyewear market more than doubled in Q2 as compared to the ...

  • business-g1d13c3f86_1920
    Article

    Synsam goes public too

    2021-10-14T05:34:00Z

    Synsam, the leading optical retailer in the Nordics, has announced its intention to launch an Initial Public Offering (IPO) and start trading shares at the Nasdaq Stockholm stock exchange before the end of the year. The company’s main shareholder since 2014, Theia Holdings, an entity of the international CVC private ...

  • SGV Netherlands Launch Event - Oct 5 2021
    Article

    First launch and 2-year trial results announced for SightGlass Vision

    2021-10-12T01:25:00Z

    In conjunction with the commercial launch of the product in the Netherlands, CooperVision released last week the results of the ongoing clinical trial on the performance of its SightGlass Vision lenses in terms of myopia progression reduction after two years of research. The CYPRESS clinical study, as it is called, ...