Latest Headlines – Page 125
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Better results for Hal’s optical retail sector
The optical retail chains owned by Hal Holding experienced a 2.5 percent sales increase on a comparable store basis in the first quarter of this year. In absolute terms, their sales went up by 5.1 percent to €585.7 million, with a 4.7 percent increase excluding the effect of acquisitions and ...
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Lost licenses cause job losses, lower sales at Safilo
Safilo plans to eliminate up to 1,000 jobs, representing nearly a third of its workforce in the northeastern part of Italy, justifying the move with the recent decision by Giorgio Armani's fashion house to transfer its licenses to Luxottica. Safilo holds the A/X Armani Exchange, Emporio Armani and Giorgio Armani ...
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Luxottica takes over the rest of Sun Planet
The company also will buy 120 Sun Planet stores in Spain and Portugal. The transaction has an enterprise value of about €20 million and is scheduled to be closed in the third quarter of 2012. The chain operates 90 stores in Spain and 30 in Portugal and generated sales of ...
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Coach, house brands and emerging markets lift Luxottica’s sales
Luxottica has increased its forecast of global revenues from the Coach license to $60 million this year from a previous estimate of $45-50 million thanks to a strong launch in North America. The group has just introduced the label in Asia, which is expected to represent 10-15 percent of sales ...
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Europe weighs on Marcolin’s results
Marcolin booked a 0.6 percent drop in revenues to €63.5 million in the first quarter as sales fell sharply in Europe due to the difficult economic situation in Italy, Portugal, Spain and Greece. At constant currency rates, the decline in the top line widened to 1.9 percent.In Europe, the company's ...
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Optic 2000 launches an e-commerce operation
The new virtual store of the French buying group, which went live last month, offers two distinct routes to the customer, one for prescription eyewear and the other for sunglasses and contact lenses. In the first case, the customer must pick frames and lenses at an affiliated retail store. In ...
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Randazzo grows by 2.5% on a comparable basis
The Randazzo Group, Italy's second-largest eyewear chain in terms of turnover and number of sales outlets after Salmoiraghi & Viganò, closed 2011 with sales of €111.1 million. In absolute terms that means growth of 4.8 percent, but on a same-size basis the figure comes down to 2.5 percent. At the ...
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Gatto Astucci joins the new Tangerin Group
Italy's second-largest producer of eyewear cases has a new corporate structure. Tangerin has been established to put Gatto Astucci under the same umbrella as two other companies involved in the supply of other products and services to retailers: Sarno Display, specialist in display cases, and Think D-Sign, a company that ...
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Hoya sees Thai capacity restored by September
Sales and profits declined markedly in Hoya Corporation's Life Care segment, which includes vision care products, during the fourth quarter of its financial year, ended on March 31. The segment's pre-tax profit margin fell to 9.8 percent in the period from 15.5 percent in the same quarter a year ago, ...
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Vision requirements change for U.K. drivers
Britain's Driver and Vehicle Licensing Agency has adopted a visual acuity standard for drivers of cars and motorcycles after years of campaigning from the eye care industry. Drivers must have a visual acuity of 6/12 and be able to read the number plate test, and be able to pass the ...
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Marchon buys Dragon
The big licensee of Nike eyewear is significantly increasing its presence in the action sports market with its acquisition of Dragon Alliance, a well-known specialist in the category.Dragon designs and sells innovative sunglasses and goggles for motor sports and snow sports. It recently introduced an interesting frameless ski goggle ...
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Oakley launches a big campaign in Europe
Already launched last month in the U.S., Oakley's new “Beyond Reason” campaign is going live now throughout Europe, Middle East and Africa (Emea), where sales of the brand are growing at an annual average of about 20 percent, faster than in the rest of the world. The campaign centers on ...
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Sunglasses are not a priority for many Americans, study finds
The Vision Council has put out a new report, “Finding Your Shades, Protecting Your Vision,” that bemoans Americans' cavalier attitudes toward sunglasses. More than 55 percent of adults in the U.S. lose or break their sunglasses every year, but even worse, 27 percent don't wear sunglasses at all. This lack ...
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A look at the Korean industry and market
South Korea is a particularly interesting emerging market, with a population of 48.5 million earning an average of $2,000 a month, and only 2.9 percent of people below the poverty line, compared with 3.5 percent in Italy, for example. The Republic of Korea ranks 12th in terms of GDP with ...
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Hoya and Seiko discuss an alliance in eyewear
Hoya Vision Care confirmed on April 2 that it had reopened its Thai manufacturing facility in Ayutthaya according to plan, starting with limited volumes of lenses that will gradually increase over the next months. The big facility had been at a standstill since last October because of extensive flooding that ...
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Fielmann raised sales by 6.5% in first quarter
Fielmann reported a very positive first quarter 2012, with an increase in sales of 6.1 percent overall. Consolidated sales went up to €271.5 million. Unit sales were up by 4.6 percent to 1.7 million glasses.Margins improved, as the leading German optical retailer saw an increase in pre-tax profit of 7.3 ...
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Fielmann is looking for larger sales areas
Fielmann Consolidated Income Statement('000 Euros, Three months ended March 31)20122011% ChangeGermany224,8XX213,4XX5.3Switzerland34,5XX30,6XX12.7Austria14,8XX14,0XX5.7Other6,8XX6,9XX1.4Total271.498255.8866.1Other Operating Income2.2522.1315.7Cost of Goods61.38754.23613.2Personnel Costs109.171101.3017.8Depreciation8.6548.4492.4Other Operating Expense54.62055.233-1.1Net Interest429661-35.1Tax13.27512.1079.6NET32.68630.7496.3Earnings/Share (Diluted)0.780.736.8 Fielmann has presented its annual report for 2011, reporting an increase in its pre-tax income of 1.6 percent to €172.9 million. Its consolidated sales rose by 6 percent to €1.053 ...
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Essilor grew by 23.6% in first quarter
Many factors contributed to the fantastic jump of 23.6 percent to €1,269.9 million reported last week by Essilor in its sales for the first quarter, compared with the year-ago period. Acquisitions contributed 12.5 percentage points to the growth, including 3.3 percentage points from Shamir Optical and Stylemark. An additional 2.6 ...
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More acquisitions by Essilor
Essilor made 11 acquisitions during the first quarter of 2012, representing additional annual revenues of €52 million. Eight of them were carried out in the fast-growing emerging markets of Latin America, the Mediterranean basin, the Middle East and Asia.In Latin America, the company acquired a majority stake in Crystal y ...
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Hoya goes direct in fast-growing Brazil
Hoya has acquired full ownership of its long-standing distributor in Brazil, Optotal, giving the Japanese company a strong footprint in South America and setting the stage for what the company describes as “aggressive” expansion in the fast-growing Brazilian market.With a staff of about 400 people, Optotal has been growing at ...
