Latest Headlines – Page 38
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ArticleBollé accelerates in RX
Bollé Brands has announced the launch of a new RX program that will enable its customers in Europe and North America to order its branded eyewear and goggles adapted to their eyesight from the group’s optical network. The new online service includes the brands in the group’s sport and luxury ...
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ArticleUnder new ownership, DEG acquires William Morris
Design Eyewear Group (DEG), the group of designer eyewear brands, has just announced the expansion of its portfolio with the acquisition of William Morris London. DEG said that the investment was one more step in the direction of the group’s target of becoming one of the world’s leading multi-brand suppliers ...
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ArticleNew report puts global ophthalmic lenses and frames’ market at €22 bn
The global market for ophthalmic lenses and frames has recovered well from the impact of the COVID pandemic, according to Mark Mackenzie, co-founder with his wife Ingeborg of Strategy with Vision Management (SWV), an independent optical consultancy and research company started in 2001. This is one of the conclusions that ...
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ArticleU.S. eyecare market insulated from inflation, CLI survey says
Vision Expo West – held on Sept. 14-17 in Las Vegas – previewed the results of a survey on eyecare in times of financial duress. Commissioned by the Contact Lens Institute through its “See Tomorrow” initiative, and conducted on Aug. 9-17, the survey queried 251 contact lens wearers screened from ...
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ArticleArts Optical grows 12%, driven by wholesale and lenses
Eyewear manufacturer Arts Optical has reported a 12 percent year-on-year increase in total sales to HK$580 million (€74 m) for the first half of 2022. As shown in the table below, the distribution unit and the new lens unit largely outperformed the main OEM division, which accounts for over 70 ...
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ArticleMPG prepares for integration of former GrandVision stores
A few months after the Michael Pachleitner Group (MPG) took over 177 stores from GrandVision following the acquisition of the Dutch retail group by EssilorLuxottica, we spoke with Marcel Norbart, the seasoned retail manager that MPG appointed as its Chief of Optical Retail, about the most recent developments. The current ...
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ArticleFrench market up 16% in 2021 with little impact from healthcare reform
The Direction de la recherche, des études, de l’évaluation et des statistiques (Drees), the French administration in charge of national research and statistics, has published earlier this week its annual report on healthcare expenses in the country. According to the agency, the optical market in France jumped by 15.8 percent ...
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ArticleThe Vision Council releases its consumer survey update for Q2
The Vision Council has released its quarterly update for its Consumer inSights research. The report is based on a survey of over 15,000 U.S. adult consumers who answered questions about their vision correction, eye exams and purchases of eyeglasses, contact lenses, readers and sunglasses. We are sharing here a few ...
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ArticleNew myopia control trial results announced at IMC
EssilorLuxottica released an update on its clinical trial for its myopia management lens Essilor Stellest at the International Myopia Conference that took place in Rotterdam a few days ago. The three-year clinical trial, which was conducted together with the Wenzhou Medical University with over 200 children aged 8 to 13, ...
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ArticleChallenging market conditions lead Mister Spex to downgrade outlook
Mister Spex has reported mixed results for the second quarter and the first half of 2022 as, despite a growth acceleration in Q2 and the start of Q3, sales levels remained well below expectations and led the omnichannel retailer to downgrade its forecast for the year and to adjust its ...
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ArticleJimmy Fairly to boost retail network, enter 3 new countries
Jimmy Fairly, the French-based and vertically integrated eyewear brand, has announced plans to more than double its number of stores in France and the U.K. by 2025 and to enter three new European countries in the coming months. Founded in 2011 by two young French entrepreneurs, Antonin Chartier and Sacha ...
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ArticleMaterialise sees its eyewear volumes triple within 5 years
Created in 2014, the eyewear division of Materialise, the Belgian-based 3D printing specialist, has introduced several innovations for 3D-printed glasses and has established itself as the market leader in the field. Ahead of the Silmo trade show, we sat down with Alireza Parandian, the unit’s manager, to reflect on the ...
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ArticleCVI up 11% organically, sees myopia management segment breaking even
CooperCompanies has reported a 2 percent year-on-year increase to $566.3 million in sales for its CooperVision unit in Q3, slowed down by strong currency headwinds. The division’s revenue grew by 10 percent at constant exchange rates and by 11 percent on an organic basis compared to the same quarter last ...
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ArticleFielmann sees profits squeezed in H1
The Fielmann Group reported its Ebitda narrowed to €171.4 million in the first half of 2022 from €186.6 million the year earlier while its net profit slipped to €28.2 million from €37.4 million, as the group increased employees’ salaries amid a shortage of skilled workers while sales continued to be ...
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ArticleSynsam keeps up growth as Swedish factory comes online
Sales at the Synsam Group in the second quarter of 2022 increased by a reported 15.3 percent to 1,399 million Swedish crowns (€132.4m), a result the company highlighted was achieved in a competitive market for recruiting opticians, particularly in its home market of Sweden but also in Norway and Denmark. ...
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ArticleFielmann invests €65 m in high-tech facility in Czech Republic
The Fielmann Group announced a €65 million investment for a new high-tech eyewear manufacturing and logistics facility in Chomutov in the Czech Republic to support its European growth efforts. The company said that it would produce customised, refined prescription lenses at the new site and mount them into frames sourced ...
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ArticleInspecs lifts HY profits but sees tough trading in Europe
UK-based eyewear group Inspecs increased half-year profit despite currency headwinds, but warned that the war in Ukraine and cost-of-living crisis were hitting trade in its European markets. The firm posted a 15.8 percent increase in revenues to $145.5 million on a constant currency basis, driven by the continuing integration of ...
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ArticleNathalie Blanc partners with L’Amy America for the U.S. market
French eyewear brand Nathalie Blanc is entering the U.S. market through a multi-year partnership with Ultimate Vision, the luxury division of L’Amy America. Ultimate Vision will distribute Nathalie Blanc’s collections in the country, but the French company said it would directly manage its marketing operations for the U.S. market, notably ...
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ArticleNational Vision cuts sales outlooks as Q2 sales continue decline
National Vision said it was cutting its forecasts for top line growth for the full year, after sales slipped in the second quarter of 2022. Revenues in the three months ended July 2, 2022, decreased by 7.3 percent compared to the year earlier to $509.6 million and were positively impacted ...
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ArticleWarby Parker slashes sales outlook, cuts jobs despite 14% growth in Q2
Warby Parker slashed its sales outlook for the full year and unveiled corporate job cuts and other cost-cutting measures despite solid growth in the second quarter, as it highlighted the “uncertain macroeconomic environment” and signs of industry-wide weakness in demand for eyewear. The U.S.-based direct-to-consumer (D2C) company now anticipates full-year ...
