Latest Headlines – Page 43
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Higher sales and losses for Warby Parker in Q4, FY
U.S.-based direct-to-consumer Warby Parker has reported a 17.8 percent year-on-year increase in Q4 revenues to $132.9 million. The company noted that its quarterly sales had been negatively impacted by the Covid’s Omicron variant at the end of December, which usually coincides with peak demand from customers. Q4 revenues were up ...
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Eyewear prices jump in Russia as the market braces for shortage
The price for eyewear in Russia jumped by 30 to 40 percent since the Russian invasion of Ukraine, primarily due to a collapse of the Russian ruble. Some stores have also seen a panic buying, as customers are wary of possible supply disruptions, over an unprecedented exodus of Western business ...
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ArticleGood start of the year for Safilo
The board of directors of Safilo Group has approved the annual results of the company for the 2021 fiscal year, which showed strong improvements both in terms of revenue and profitability versus 2020 and 2019. As we have already covered the group’s performance extensively at the end of January after ...
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ArticleWith revenues up, Thai Optical is shifting towards high value-added
Thai Optical Group has posted revenues from sales and services of 2,358 million baht (€64.20m) for 2021, up year-on-year by 29.5 percent. Ebitda was up by 108.4 percent to THB 529 million (€14.4m). America has been the group’s major growth market over the past three years, climbing from 7.8 percent ...
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ArticleWarby Parker and Eastman find a circle for demo-lens plastic
In a partnership with Eastman, Warby Parker has established a recycling program for the recycling of demo lenses. The direct-to-consumer eyewear company says it has spent years researching alternative demo-lens materials, but so far all have fallen short on quality and proved “incredibly difficult to break down.” Since the ...
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ArticleKering Eyewear to acquire Maui Jim
Kering Eyewear is acquiring Maui Jim, the world’s largest independent brand of high-end sunglasses. The deal is subject to approval by regulators but should be complete by the second half of 2022. Speaking at a press conference this morning, Kering Eyewear’s president and CEO, Roberto Vedovotto, did not wish to ...
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ArticleEssilux comparable revenue up 7.4 % in 2021 vs. 2019
EssilorLuxottica has reported revenues of €19,820 million for the full 2021 financial year, up 40 percent year-on-year and 20 percent versus the pre-Covid 2019 year. The topline figure includes revenues of the GrandVision business for the first time, and for a total of €2,062 million corresponding to six months of ...
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ArticleU.S. market up throughout 2021, despite cooling Q4
According to The Vision Council’s latest VisionWatch market report, covering the fourth quarter of 2021, U.S. eyewear sales reached $45.83 billion over the course of 2021, up by 24.3 percent year-on-year and by 5 percent since 2019. “While 2021 marked a significant rebound from a challenging 2020 for the optical ...
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ArticleKits increases revenues, expands customer base
Kits Eyecare devoted 2021 – its first year as a public company – to investment, expanding its production capacity and customer base. The self-described “vertically integrated, digitally native eyecare platform” also managed to raise revenues, bringing in about $82.4 million. Year-on-year this represents an increase of 15.1 percent in constant ...
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ArticleSpectaris: German optics industry recovered from pandemic impact in 2021
According to a press statement published by the industry association Spectaris, the German manufacturers of ophthalmic optics and consumer optics that are members of the association have successfully recovered from the negative effects of the Corona pandemic in 2021. In 2021, overall sales of the 140 Spectaris members who have ...
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ArticleEMEA and APAC drove CooperVision Q1 growth
CooperCompanies has reported a 16 percent year-on-year revenue increase to $787.2 million for the first quarter of its 2022 financial year, with double-digit progress for both its CooperVision and CooperSurgical divisions. CooperVision Q1 sales rose by 11 percent in reported terms as compared to the same period in 2020, or ...
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ArticleEssilux closes an acquisition and a divestiture
EssilorLuxottica has recently closed two deals. One is the acquisition of Walman Optical, a network of laboratories operating in the U.S. The other is Vision Group’s acquisition in Italy, from the recently fused Essilux and GrandVision, of VistaSì’s brand and 99 stores and of 75 GrandVision stores. Terms for the ...
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ArticleNational Vision issues cautious 2022 forecast after record 2021
National Vision, the U.S. optical retail group operating the America’s Best and Eyeglass World chains, has reported a 3.8 percent year-on-year decline in revenues to $477.9 million for the last quarter of its 2021 fiscal year. However, as compared to the same quarter of the 2019 reference year, group sales ...
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ArticleFrench market up 1.4% vs 2019 despite headwinds
In an online conference for the members of the French-based industry association Club Inter-Optiques last week, GFK released some key indicators on the performance of the French optical market in 2021, also providing some comparison points with the German, Spanish and Italian markets. The research company’s data is based on ...
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ArticleSynsam posts all-time high annual sales and profits
Swedish-based retailer Synsam Group reported a 14.0 percent year-on-year increase for the last quarter of its financial year, with total revenues totaling SEK 1,245 million (€117.0m). Like-for-like growth for the period was 10.2 percent. Although the quarter saw a deceleration from the previous quarter’s 21.0 percent sales’ increase, the company ...
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ArticleFielmann sees 2021 sales jump 19%
The Fielmann Group reported external sales of €1.94 billion in 2021, reflecting a 19 percent increase over the previous year and 10 percent growth above the pre-pandemic level seen in 2019. Consolidated sales rose by 17 percent compared to the previous year to reach €1.68 billion. Preliminary figures from the ...
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ArticleKering Eyewear comparable sales up 45% in 2021
Reporting its annual results last week, French luxury group Kering announced that external sales of its Kering Eyewear subsidiary reached a total of €726 million in 2021. After elimination of royalties and intragroup sales, Kering Eyewear posted consolidated revenues of €599 million, including the consolidation of the acquired Lindberg business ...
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Paris Miki downgrades FY forecast
Japanese-based retail group Paris Miki continued to struggle in the third quarter of its FY03/22 financial year, with group revenues declining by 3.0 percent year-on-year to 11,792 million Japanese yen (€90.1m-$102.4m), however slightly improving from the 11.2 percent drop reported for the previous quarter. By region, the group reported a ...
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ArticleEastman’s new French plastics recycling project will apply to eyewear, too
French President Emmanuel Macron and Mark Costa, Eastman Chemical Company’s board chairman and CEO, jointly announced last month that the U.S.-based specialty materials company plans to invest up to $1 billion in a material-to-material molecular recycling facility in France that would become operational by 2025. The facility would use Eastman’s ...
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ArticleBlue light glasses vs. blue light filters?
Eyesafe, the American-based supplier of blue light protection solutions, has published a communication article on its website comparing the benefits of blue light glasses with those of its own blue light filters. Contrary to eyeglass lenses that block blue light near the eye, Eyesafe’s products aim at blocking it directly ...
