Latest Headlines – Page 16
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ArticleVision Expo East presents show novelties, program ahead of first Florida edition
About one month from the first edition of Vision Expo East in its new location – Orlando, Florida – after almost four decades in New York, The Vision Council (TVC), the US eyewear association that co-organizes the event with RX, hosted an online preview webinar last week to present the ...
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ArticleNational Vision reports improved performance in Q4, reshuffles top management
Sales were up by 3.8 percent in Q4 and in the full year. Adjusted profit ratios are expected to be in line with last revised outlook.
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ArticleKits CEO: 'We are building an eyewear business for the customer of tomorrow'
On its Investor Day last September, Kits Eyecare concluded its presentation with a bold and somewhat cryptic claim: “Setting our sights on 500 in 5.” This made for an obvious first question when we had to opportunity to sit down with Roger Hardy, co-founder and CEO of the Canadian-based pure ...
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ArticleSwitching to a direct distribution model, Revo announces several appointments in Europe
As part of its switch to a direct distribution strategy worldwide, Revo has announced several appointments of seasoned managers in key European markets. Filippo Valentini, Managing Director of Dido Agency, already representing Imago Eyewear in Italy will represent the sunglasses and goggles brand in this market. Eric Gonguet, who ...
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ArticleNew report looks at US frames buyers criteria and habits
Focused inSights 2024: Frame Buyers, the latest report by The Vision Council, the US eyewear industry association, focuses on the motivations and choice criteria of US eye care professionals (ECPs) in their procurement of optical frames and sunglasses for their shop. The results are based on an online survey of ...
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ArticleSector market capitalization up 20% last year, boosted by Essilux
The total market capitalization of 25 stock-listed eyewear companies rose by 20 percent to €230 billion in 2024, with EssilorLuxottica and the rest of the Top 5 accounting for 90 percent of the growth.
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ArticleA look at myopia management in Europe with ECOO
While Asia, and China in particular, remains by far the largest myopia management market globally, the category is gaining traction in Europe at all levels: eye care professionals (ECPs), industry suppliers, health authorities and, perhaps to a lesser extent, the general public. In a written interview with Dr Sylwia Kropacz-Sobkowiak, ...
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ArticleEssilorLuxottica’s M&A program gets an early start into the new year
EssilorLuxottica is acquiring Pulse Audition, a French-based startup specializing in AI-driven hearing-aid technology for smart eyewear.
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ArticleFamiliar faces at the CES Awards for 2025
The Consumer Technology Association (CTA) has announced the winners of its CES Innovation Awards for 2025. Submissions were up 13 percent this time around – to 3,400 – and the number of AI-related submission was up by almost 50 percent. Below are the winners most relevant to the eyewear industry. ...
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ArticleEyecare industry urges UK govt to allow more private sector involvement in primary health provision
Public eyecare in Britain faces a radical shake up with more use of private sector services under potentially controversial plans by the new Labour government to reform the struggling National Health Service (NHS). Industry representatives have put forward proposals in response to Health Secretary Wes Streeting’s call to clinicians across ...
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ArticleBliz Eyewear launches rebranding after EssilorLuxottica takeover
A specialist in sports eyewear, ski goggles and helmets, the Swedish brand Bliz Eyewear was acquired by the EssilorLuxottica Group in January 2024, joining the company’s sports portfolio and adding a new entry-level price point. This portfolio also includes the sports eyewear brands Oakley and Costa. But Bliz has actually ...
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ArticleZEISS Group reports 8% revenue hike but lower margins for fiscal 2023/24
The German group revenue uptick was largely driven by its semiconductor business as all other segments slowed down.
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ArticleHow brick-and-mortar focus and vertical integration are driving JEH profitability
Upgrading its full-year outlook, the Japan-based retail group is now forecasting a 19 percent topline growth and a 31 percent operating margin. We ask JEH’s CFO about the drivers behind the group’s fast growth.
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ArticleBausch Health confirms it is exploring Bausch + Lomb sale
Pressed by the Canadian financial watchdog due to the high volatility of its stock price, Bausch Health has officially confirmed that it was actively looking at diversting its eye care subsidiary.
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ArticleCarl Zeiss Meditec posts revenue and margin declines for fiscal 2023/24
Carl Zeiss Meditec has reported revenue of €2,066.1 million for its 2023/24 fiscal year, down by 1.1 percent in reported terms versus 2022/23. In constant currencies and adjusted from the effects of the acquisition of DORC, a company specializing in retinal surgery, total sales declined by 4.8 percent. Sales from ...
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ArticleSun Hing loss widens in H1 despite solid ODM sales
The Hong Kong-based manufacturer stressed that lower selling prices and keen competition weighed on the profitability of its core ODM unit.
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ArticleThe Baltic eyewear market rebounds, but long-term outlook is vague
The eyewear market in the Baltic countries has significantly rebounded after a dip in 2020, with large retail groups increasing their market share. However, challenges related to the region’s depopulation remain.
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ArticleiVision Tech launches smart glasses for visually impaired
The glasses will be available online for €599 at the end of this year before their official presentation at the Mido trade show in February next year.
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ArticleHOYA acquires Deutsche Augenoptik
Deutsche Augenoptik (DAO) is a German-based wholesale company supplying lenses, equipment and eyeglasses to opticians, optometrists and ophthalmologists, with a strong market penetration in the independent optical distribution channel.
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ArticleCooperVision forecasts further market share gains in FY 2025
CooperCompanies has announced a 9 percent year-on-year increase in Q4 revenue to $676.4 million for CooperVision, in line with the growth pace reported for the previous quarter. By category, quarterly sales of toric and multifocal contact lenses grew by 9 percent versus Q4 2023, while spherical contact lenses were up ...
