Latest Headlines – Page 19
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ArticleNew HOYA CEO presents group’s roadmap
During the presentation of HOYA’s annual results last month, Eiichiro Ikeda, who was appointed as CEO at the start of the year, delivered an update on the group’s roadmap and main management challenges for the years ahead. After having taken a look back at the HOYA’s 80-year history and reaffirmed ...
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ArticleAPAC has become the world’s largest online eyewear market, research finds
Market research provider Euromonitor International has released a report titled “Where Consumers Shop for Eyewear.” Published in April, the report was presented at this year’s 100% Optical show, on April 23-25. According to the company, contact lenses and their related products are the most established online market segment in ...
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ArticleLow eyewear-VTO awareness leaves untapped potential, survey says
A large share of eyeglasses customers seems to remain unaware of virtual-try-on (VTO) services, even among those who have already visited eyewear e-commerce websites, according to a recent online survey by FittingBox. The French-based provider of VTO and other eyewear-related digital services asked 549 glasses’ wearers, split between France (roughly ...
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ArticleRodenstock adds M&A to technology in growth mix
“We are targeting to outgrow the optical market by two to three times with organic growth, but we are also looking at possible acquisitions to enter new markets,” Anders Hedegaard, CEO of the Rodenstock Group, told us as we were concluding our interview a few days ago, right after the ...
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ArticleZVA confirms German market rebound, but lack of opticians endures
The Zentralverband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists, has released its annual report on the German market for 2021. The results are based on data collected from its members but also from other market players, associations and research companies. The report shows that ...
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ArticleChild-myopia awareness on the rise in France, survey says
A recent survey by the French Association for Eyesight Improvement (AsnaV) and OpinionWay suggests that close to half of the French population suffer from myopia as 48 percent of the 1,057 surveyed people said they felt some discomfort for long-distance vision. Among those, 79 percent had gotten their eyes ...
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ArticleRodenstock acquires Indo
The Rodenstock Group has announced that it was acquiring the Spanish lens manufacturer Indo Optical to further accelerate its regional expansion and gain market share. The acquisition is conditioned to the usual regulatory approvals but is expected to go through and be completed in Q3 2022. The Munich-based company, which ...
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ArticleConsumer markets up by 9% in H1 at ZEISS
The ZEISS Group has reported a 13 percent year-on-year increase to €770 million in Consumer Markets revenue for the first half of its 2021/22 fiscal year. In constant currencies, sales grew by 9 percent compared to H1 in the previous year. The German-based group does not disclose specific figures for ...
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ArticleOut Of to accelerate optical distribution
Out Of has signed a sponsorship deal with Paolo Bettini, the former professional cyclist, who was Olympic champion at the 2004 games in Athens and back-to-back world champion in 2006 and 2007. Bettini will be wearing the brand’s eyewear throughout the 2022 season. The Italian start-up was founded by two ...
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ArticleWarby Parker confirms FY outlook after Q1 sales take Omicron hit
Warby Parker confirmed its outlook for financial year 2022 after the onset of the Omicron variant negatively impacted revenues for the first quarter ended March 31. Quarterly sales increased by 10.3 percent to $153.2 million but would have been an estimated $15.0 million higher without the negative impact of the ...
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ArticleOrtho-k and overseas market keep driving Menicon
Menicon reported a 16.2 percent year-on-year growth in total revenue for its fiscal year ended March 31, with total net sales reaching 100.2 billion Japanese yen (€743m). The Vision Care division, which accounts for over 90 percent of group revenues, reported a double-digit sales increase, driven by a strong expansion ...
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ArticleNational Vision outlook down, prices up as inflation bites
National Vision, the U.S. optical retail group addressing the entry-level segment of the market with its America’s Best and Eyeglass World chain, has downgraded its outlook for the 2022 fiscal year and increased its prices following a decline in both Q1 revenue and income. Quarterly net revenue decreased by 1.2 ...
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ArticleMister Spex Q1 sales up 6% despite flat prescription eyewear business
Mister Spex has announced a 6 percent year-on-year increase in revenue for the first quarter of 2022 to €47 million in spite of a strong comparison basis in the previous year and depressed consumer sentiment due to inflation. However, the quarterly revenue growth dropped down from the 13 percent growth ...
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ArticleBausch + Lomb sees 5% organic sales growth in Q1 as IPO wraps up
Bausch Health sold 35 million common Bausch + Lomb shares, or a 10.0 percent stake, at a price of $18.00 per share, in an initial public offering yielding gross proceeds of $630 million and valuing its subsidiary at about $6,300 million. Joseph Papa, chairman of Bausch Health and CEO of ...
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ArticleSynsam maintains growth pace, ramps up Swedish factory
The Synsam Group has reported a 14.7 percent year-on-year sales increase for its first quarter in 2022, with total revenues reaching 1,186 million Swedish crowns (€111.8m). The retailer’s performance was in line with the 14.0 percent growth reported for the previous quarter. Q1 2022 sales were up by 12 percent ...
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ArticleMyopia management research updates presented at ARVO
Three recent studies by the three main players that have developed myopia management eyeglass lenses were presented at the Association for Research in Vision and Ophthalmology (ARVO) conference earlier this month. Hoya Vision Care has announced results from a six-year study of its MiYoSmart lens, which is based on the ...
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ArticleHoya lenses sales up 7% in Q4, margins slightly down
HOYA has reported another quarter of record sales and profits at group level, with Q4 FY21 revenues increasing by 12 percent year-on-year to 169.6 billion yen (€1,233m). Both business units contributed double-digit growths in reported terms, partly boosted by currency tailwinds. At constant exchange rates, group sales were up by ...
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ArticleLentesplus raises $9m for development in LATAM
Lentesplus, a Bogota-based company specializing in online retail of contact lenses, raised $9 million last month in order to further expand its footprint in Latin America as well as to accelerate its transition to a vertically-integrated omnichannel business model and to develop its eyeglasses’ catalog. Founded seven years ago by ...
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ArticleBiometric lenses boost Rodenstock sales and profits
The Rodenstock Group has announced that its revenues reached €494 million in 2021, exceeding forecasts and growing by 23 percent compared to the previous year. After a difficult year in 2020 because of the COVID-19 impact on optical market, the German group’s sales rebounded about 10 percent over the €450 ...
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ArticleStrong wholesale and retail rebound for De Rigo in 2021
The De Rigo group has announced a solid rebound in both sales and profits for 2021, following a significant revenue drop and a negative net result in 2019 because of the COVID-19 impact on the business. As shown in the table below, the family-owned Italian eyewear company saw its topline ...
