Latest Headlines – Page 11
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ArticleAfflelou driven by historical banner optical sales in Q2
The Afflelou Group has reported a 4.2 percent year-on-year increase in Q2 network sales to €224.9 million (see table), with a relative underperformance in its domestic market compared with international markets, due to declining hearing aids’ sales and a reduced retail footprint related to the phasing out of the Optical ...
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ArticleA look at MIDO CSE Awards’ RoW winners
During the last edition of the Mido trade show last month, organizers premiered their Certified Sustainable Eyewear Awards (CSE) which were divided in two categories: Europe and the Rest of the World (RoW). As awards winners from Europe are better known to our readers – Neubau Eyewear, Marchon, Modo Eyewear ...
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ArticleEnvironmental sustainability and the eye care industry
Ann Blackmore, a policy and regulatory consultant who has worked for over nine years in the optical sector, considers what concerns around environmental sustainability could mean for the eye care industry and outlines some of the drivers for change. No one can be in any doubt that one of ...
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ArticleKRYS GROUP up 5 % in 2022, announces 2028 plan and targets
Having achieved its Vision 2025 plan targets – €1 billion in network sales and a 2.5-point market share gain – two years ahead schedule, the KRYS GROUP presented a new 5-year strategic plan at its general assembly last weekend. The retailer also communicated its financial results for the fiscal year ...
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ArticleFast-growing Woodys moves to new HQ
Eyewear brand Woodys has announced that it was moving to a new 3,000 square meter headquarters in Vic, near Barcelona. The company stressed that the three-flour office was built with sustainability in mind, notably through the installation of solar panels for energy supply and the use of geothermal energy for ...
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ArticleThe second demise of Google Glass
Google ended sales of Google Glass on March 15 and will be “supporting” Glass Enterprise Edition until Sept. 15,” after which the surviving pairs of connected glasses will be on their own. If they break, they break. By autumn, then, Glass as a product will have died its second death. ...
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ArticleKering Eyewear invests in supply chain with new acquisition
Kering Eyewear is investing in its industrial development through the acquisition of Usinages & Nouvelles Technologies (UNT), a French-based manufacturer of high-precision and metal components for luxury eyewear that has been a longstanding supplier of Manufacture Kering Eyewear (formerly Manufacture Cartier Lunettes), the company has announced. Founded in 1989 and ...
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ArticleSafilo turns to luxury eyewear and fashion companies for its Longarone plant
Angelo Trocchia, CEO, indicated that the company is evaluating the “potential transfer of the Longarone plant to third parties with a view to preserving the know-how of the site and minimizing the social impact on the territory”. Trocchia, who was speaking during a capital markets day with analysts following the ...
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ArticleZEISS Vision Care advocates carefulness over speed in myopia management
ZEISS Vision Care, which has been active in myopia management (MM) clinical research in Asia for over ten years and has been marketing specific lenses in the region since 2011, is launching the category in Europe this spring, a couple of years after its main lens competitors entered the segment ...
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ArticleKITS Eyecare up 11% last year, 29% in Q4
Canadian-based online retailer KITS Eyecare has reported $91.6 million in revenue for 2022, representing an 11.2 percent increase from the previous year. As shown in our table below, the company also reported substantial improvements in both gross and operating margins. Its bottom line however remained in the red for the ...
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ArticleKubota Glass reports first sales, expands distribution in Japan
Kubota Pharmaceutical Holdings has announced the signature of a distribution agreement for Kubota Glass, its myopia management glasses, with EYETOPIA, a regional chain of optical shops in Japan that will offer the device in some of its roughly 170 Megane Store locations. In December last year, Kubota also opened a ...
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ArticleSafilo targets 4% annual growth pace for 2023-2027
The Safilo Group has confirmed an 11.1 percent year-on-year revenue for 2022 to €1,077 million as already announced in January when the company released its preliminary results, in spite of a strong deceleration in the last quarter of the year. We are focusing in this article on new information provided ...
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ArticleZEISS to accelerate in AR/VR glasses as tooz’ sole owner
ZEISS has announced its full acquisition of tooz technologies, the joint venture that it launched in 2018 together with Deutsche Telekom in order to develop augmented reality (AR) and virtual reality (VR) glasses. By buying the 50 percent share of its telecom partner, ZEISS becomes tooz’ sole owner and the ...
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ArticleMyDay, myopia management keep driving CVI
CooperCompanies has reported a 4 percent year-on-year increase in revenue to $581 million for its CooperVision unit in the first quarter of its fiscal year. In organic terms, sales went up by 10 percent versus Q1 2022 with homogenous growth across all region. The sales’ momentum was driven by daily ...
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ArticleNational Vision in the red in Q4 as uninsured customer base is hit by inflation
National Vision, the U.S. third largest optical retailer, has reported decreasing sales and sharp profitability drops for both the last quarter of 2022 and the full year, which sent the company’s stock price tumbling. The company, which mostly addresses the lower end segment of the market, noted that the economic ...
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ArticleWarby Parker sees more store openings, looks to improve profitability after mixed Q4
Warby Parker expects to open another 40 stores in 2023, while it also looks to improve profitability and grow its top line by another 8-10 percent despite continued economic uncertainty and a “depressed consumer environment”. In the three months ended Dec. 31, revenues at the U.S.-based direct-to-consumer (DTC) company increased ...
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ArticleUp 21% in 2022, TOG forecasts 5-8% growth this year
The Thai Optical Group posted a 21 percent year-on-year increase in revenue to 2,980 million Thai baht (€80 m) for 2022. The lens maker said that its sales rebound was mostly due to the easing of pandemic-related restrictions in most markets. All markets saw their revenue increase at double-digit pace. ...
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ArticleEssilorLuxottica posts record revenue for 2022 despite Q4 slowdown
In spite of a relative slowdown in the last quarter of the year, EssilorLuxottica announced yesterday a record €24.5 billion in annual revenue for 2022, up by 23.6 percent year-on-year in reported terms. Comparable annual revenue – which is calculated as if GrandVision had been integrated from Jan.1, 2021 – ...
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ArticleFielmann eyes new investments, cost-cutting as 2022 sales inch up and profits fall
Fielmann said it is looking to accelerate strategic investments and step up cost-cutting measures, after it reported that it had gained market share in all major markets in 2022 and seen a modest increase in sales but suffered on the profitability front. According to preliminary figures released yesterday, Germany-based Fielmann’s ...
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ArticleBausch + Lomb Q4 contact lens sales fall 4%, prepares to launch SiHy lenses in new markets
Bausch + Lomb reported fourth quarter sales of its contact lenses totaling $219 million, down by a reported 4 percent on the year earlier but reflecting 4 percent organic growth, as it announced plans to expand the sale of its successful Infuse/Ultra One Day daily disposable silicone hydrogel contact lenses ...
