Latest Headlines – Page 9
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ArticleWarby Parker upgrades outlook after strong Q2, ends home try-on service as door count hits 300
Three months after having revised its full-year outlook slightly down due to the US tariffs uncertainty, Warby Parker has just amended it upward, slightly again, following a solid Q2 performance with accelerated growth and higher profitability. The DTC eyewear brand is now expecting sales of $880 million to $888 million ...
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ArticlePrice hikes, sales mix boost National Vision in Q2, largely offsetting slightly lower consumer traffic
National Vision raised its guidance for fiscal 2025 for the second consecutive quarter after its Q2 revenue from continuing operations increased by 7.7 percent year-on-year to $486.4 million, accelerating significantly from Q1 (+5.7 percent). The group ended the reported period with 1,240 stores, up 2.0 percent compared with a year ...
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ArticleTVC sees potential link between latest US eyewear purchase trends and tariffs uncertainty
A higher proportion of US eyeglasses consumers tended to limit the amount of their out-of-pocket expense when purchasing glasses, lenses or frames in calendar Q2, The Vision Council’s latest Consumer Insights report showed. In detail, 41 percent of US consumers spent less than $100 on their in-store eyeglass ...
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ArticleEssilux acquires lens inspection expert A&R
EssilorLuxottica has announced the acquisition of Automation & Robotics (A&R), the Belgium-based supplier of equipment and software for ophthalmic lens laboratories. The group said that the acquisition would bring deep expertise across the value chain, including R&D, software development, manufacturing, distribution and deployment. “Sharing a commitment to innovation, ...
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ArticleHOYA posts 11% hike in Q1 eyeglass lens revenue, discusses smart glasses strategy
HOYA Corporation’s Life Care business unit sales rose by 1.7 percent year on year to 137.2 billion Japanese yen (€803m) for the first quarter of fiscal 2025-26, ended June 30. At constant exchange rates, the division’s revenue was up by 6.4 percent versus Q1 2024-26 driven by sales of eyeglass ...
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ArticleSafilo Group topline slightly down but margins reach record highs
Safilo Group’s Q2 revenue declined by 1.1 percent year on year to €251.9 million, but it was up 2.3 percent in constant currencies with the differential mainly reflecting the 5 percent depreciation of the US dollar against the euro. Half-year revenue amounted to €537.6 million, also down 1.1 percent in ...
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ArticleMarcolin maintains margins on flattish sales as EMEA becomes sole growth engine
Marcolin revenue for the second quarter of fiscal 2025 declined by 2.4 percent year on year in reported terms to €148.4 million as a continuous solid performance in the EMEA market could not offset declines in other regions, we have calculated from the company’s H1 and Q1 data. Q2 ...
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ArticleKering reports flattish Q2 sales and slightly lower H1 margins for Kering Eyewear
Half-year results announced yesterday by Kering confirmed Kering Eyewear’s growth pace slowdown as well as the company’s slight profitability deterioration already seen in fiscal 2024. Nonetheless, the eyewear unit remains a relative bright spot for the French luxury group, whose revenue and operating income kept declining at a fast double-digit ...
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ArticleLenskart files for IPO, acquires a Spanish DTC sunglass brand
Lenskart’s long-rumored initial public offering (IPO) is one big step closer to becoming a reality as the Indian-based optical retailer group has just filed its so-called draft red herring prospectus with the Securities and Exchange Board of India (SEBI). The 761-page document is now available on the group’s corporate website. ...
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ArticleChina’s e-tail giant to produce smart glasses
Alibaba Group Holding has introduced its first pair of AI smart glasses, as we’ve learned from the South China Morning Post (which Alibaba owns). The Quark AI Glasses, as they’re called, made their debut at the World Artificial Intelligence Conference (WAIC), an annual event in Shanghai since 2018, held this ...
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ArticleEssilux maintains strong topline growth in H1 but tariffs and wearables slightly dilute margins
EssilorLuxottica revenue amounted to €7,175 million in Q2, up 7.3 percent year on year at constant exchange rates and exactly in line with the group’s Q1 performance. In reported terms, however, the topline rose by 3.2 percent in the quarter, decelerating from the 8.1 percent growth pace in Q1, mainly ...
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ArticleItaly Q1 eyewear exports fall 1.5% as industry braces for higher US tariffs
The value of Italian eyewear exports in the first quarter of 2025 fell by 1.5 percent compared to the year earlier to €1,427 million, as the market’s contraction deepened following a 0.6 percent fall in exports in 2024, according to data from eyewear trade association ANFAO. Italian exports of sunglasses ...
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ArticleLenskart revenues up 17% for FY25
Optical retailer Lenskart, of India, generated revenues of about 6,415 crore Indian rupees (€633m) for its financial year 2025, ended in March. This represents a year-on-year increase of about 17 percent – less than the 43 percent increase from FY23 to FY24, when operating revenue was Rs 5,610 crore (€554m). ...
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ArticleNew five-year plan at Groupement Optic 2000
Optic 2000 is embarking upon a five-year plan called COOP 26/30, the name no doubt a reference to the cooperative structure of parent company Groupement Optic 2000. In short, the group’s objective is to have 3,000 points of sale and a 20 percent share of the French market by 2030. ...
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ArticleEssilux acquires producer of lens monomers
EssilorLuxottica has agreed to acquire all of the “assets and entities involved in the development, manufacturing and sale of monomers used in the production of high index ophthalmic lenses” of SK PUcore, of South Korea. Among these assets is an R&D unit, a factory, a sales office in Korea and ...
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ArticleItalian eyewear industry warns companies risk survival with hefty US tariffs
Should US President Donald Trump follow through with a threat to impose hefty import tariffs on European Union goods, many Italian eyewear companies could see their survival threatened, warned Lorraine Berton, President of the Italian eyewear association ANFAO. The Trump administration on July 11 announced it would raise the so-called ...
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ArticleLarge-scale and 'real-life' French study confirms Miyosmart and Stellest efficiency
A large-scale research project by KRYS Group and the Poitiers university hospital involving a total of over 7,500 children aged 4 to 15 in France concluded that Essilor’s and Hoya’s myopia management lenses efficiently slowed down myopia progression, confirming prior clinical trial results announced by both lens makers. The detailed ...
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Article10% CAGR forecast to bring Fielmann’s topline up to €4bn by 2030
Fielmann Group’s consolidated sales for the first six months of 2025 were up 12 percent year on year to €1.2 billion, in line with the growth pace reported for Q1. The company also stressed that its adjusted Ebitda increased disproportionally to €290 million (+26 percent), resulting in a 2.2 percentage ...
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ArticleMeta takes 3% share in Essilux – with more to come?
What seemed like an only-a-matter-of-time thing since July last year is now a done deal, according to Bloomberg. Meta has acquired a minority stake in EssilorLuxottica, its smart glasses partner. “People familiar with the matter” told the US financial news outlet that the US tech giant had invested around €3 ...
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ArticleUnclear US ‘Transshipping’ tariff rate scope keeps Vietnam on its toes
Two days ahead of the July 9 deadline for the US “reciprocal tariffs” pause – or rather, the reduction of all import duties to a 10 percent baseline rate – only two ”definitive” bilateral agreements have been announced by President Donald Trump: with the UK, in early May, and with ...
