Retail & Distribution
-
ArticleTwo top-ten German optical retailers join forces to take over Edel-Optics
Optiker Bode and ROTTLER, two family-owned and historical optical retail chains respectively based in Hamburg and North Rhine-Westphalia, are joining forces to take over Edel-Optics, an online optical retail pionneer in both Germany and Europe. Founded in 2009, the company had filed for insolvency proceedings in February. Edel-Optics has ...
-
ArticleEssilorLuxottica expands retail partnership with Reliance Brands in India
EssilorLuxottica is expanding the scope ot its partnership with India’s Reliance Brands, which is taking over the development of the LensCrafters banner and the managing of its franchising network in the country. The development of the LensCrafters franchise was previously in the hands of DLF Brands and a first store ...
-
ArticleEssilorLuxottica acquires Japanese retail chain
EssilorLuxottica is about to deploy its full-scale vertical-integration business model in Japan. We have learned that the Italo-French group has acquired the business of Washin Optical, a Japanese mid-size optical retailer founded in 1951, through its Luxottica Japan subsidiary. The information has not been officially announced by the group yet, ...
-
ArticleFielmann remains committed to Italian market after closures announcement
After reports in the Italian press at the end of last year that Fielmann was preparing to shut down 11 of its 54 stores in the country, the German-based retail group confirmed some closures but remains intent on developing its network in the country. “Fielmann reaffirms commitment to the Italian ...
-
ArticleMorrow Eyewear kicks off European expansion with Novacel partnership
Morrow Eyewear, the Belgian-based company specializing in autofocal glasses, has announced the signature of a partnership with Novacel Optical for the distribution of its eProgressive Glasses in France and Switzerland. The company said that the agreement would enable over 30 million presbyopes in the two countries with its pioneering technology. ...
-
ArticleKarün Eyewear to get a Walmart boost
Karün Eyewear, the Chile-based brand of eyewear made from recycled and traceable materials, has signed a nationwide, but non-exclusive, partnership with Walmart for the distribution of its frames in the U.S. retail giant’s Walmart Vision Centers. ”We chose to work with Walmart as our U.S. national retailer to expand access ...
-
ArticleAn optical center in 15 minutes and a new investor for Vision Group
Vision Group, one of Italy’s leading eyewear retailers, aims to expand its domestic footprint further before looking at eventual growth opportunities further afield. Marco Procacciante, CEO, talked to Eyewear Intelligence about Vision Group’s growth plans, which are aimed at serving 85 percent of the Italian population with a VisionOttica store ...
-
ArticleLunor sees room for international expansion
Lunor, the German-based eyewear company, is looking to reinforce and expand its international presence, notably in Europe and Asia, through a mix of partnerships with long-term distributors and direct distribution in some selected markets. We discussed the company’s international strategy with Thomas Dobler, the German senior manager who was appointed ...
-
ArticleFielmann launches proprietary online vision check tool, reports good H1 results
Reporting its preliminary results for the first half of 2023 earlier today, Fielmann Group announced that it would enhance its German e-commerce website next month with a new vision check tool based on a proprietary measurement technology. The new system willl allow users of fielmann.de to check online whether their ...
-
ArticleAlain Afflelou banner posts 8% growth in Q3, Spain up double digits
The Afflelou Group has reported a 4.2 percent year-on-year increase in external sales to €220 million (see table) for its third quarter, ended April 30. On a like-for-like basis, they were up by 5.1 percent versus FY 2022. The company commented that the quarterly sales uptick reflected higher volumes rather ...
-
ArticleMore “boutique” and more lenses on Mister Spex roadmap
2022 was a mixed year for Mister Spex. While the German-based retailer’s sales kept growing relatively fast – by 8 percent overall and by 11 percent in Germany – profit ratios remained in the red. This led the company to launch a cost-reduction plan in September 2022 and an announcement ...
-
ArticleKRYS GROUP to raise lens production capacity by 30%
KRYS GROUP has announced the completion of the building of its new plant at its CODIR industrial and logistic center in Bazainville, near Paris. The new 4,800 square meter structure, which is slated to become operational early next year at the latest, will enable the French optical retailer to accelerate ...
-
ArticleCircularity gaining traction in the French eyewear market
Circularity in the eyewear sector has been a hot topic in the last couple of weeks in France as two major retail chains, and a young start up specializing in the recycling of used glasses, have announced new programs for second-hand eyewear. ZAC, a Lille-based startup specializing in the ...
-
ArticleFrench opticians release new market data ahead of new health care plan negotiations
As the French government prepares for a new round of discussions with healthcare professionals for an update of its so-called 100% Santé reform, the Rassemblement des Opticiens de France (ROF), the main opticians’ association in the country, has released a new set of data around the implementation of the plan ...
-
ArticleJINS downgrades outlook, rethinks business model and supply chain
JINS HOLDINGS has downgraded its outlook for the current fiscal year ending next Aug. 31 after mixed results in the first half of the year, mostly due to lackluster sales on the Japan-based group’s domestic market. Sales in Japan grew by 2.4 percent year-on-year in H1 to 26,2 billion Japanese ...
-
ArticleSynsam eyewear subscription business underpins record Q1 sales gains
Synsam Group generated sales of 1,411 million Swedish crowns (€124.7m) in the three months ended March 31, up by 19.0 percent on the year earlier, marking the company’s highest first quarter growth ever and underpinned by a sharp rise in sales for its eyeglass subscription business. Organic sales growth was ...
-
ArticleParis Miki reports sales rebound and return to operating profit for 2022-23
Japanese-based retail group Paris Miki ended its fiscal 2022-23 year on a high note with total sales increasing by 9.2 percent year-on-year to 11,387 million Japanese yen (€76 m) in Q4 and sharply accelerating from the 4.9 percent growth reported for Q3. The rebound was equally shared between the company’s ...
-
ArticleEssilorLuxottica signs JV with GCC luxury powerhouse
EssilorLuxottica has announced the signature of a joint venture agreement with Chalhoub Group, a regional leader in luxury fashion and cosmetics retail, for the development of its eyewear retail footprint in the Gulf Cooperation Council (GCC) region. The partnership will combine EssilorLuxottica’s eyewear expertise, in terms of technology and retail, ...
-
ArticleWarby Parker confirms 2023 guidance after Q1 sales jump 12%
Warby Parker posted revenues in the first quarter ended March 31 of $172.0 million, up by 12.2 percent compared to the year earlier and above a guidance range of $164 million to $167 million. Active customers in the period increased by 2.5 percent to 2.29 million, while average revenues per ...
-
ArticleFielmann draws path to 2025 revenue and profit targets
Along with the publication of positive Q1 results (see our other article), Marc Fielmann, CEO of the Fielmann Group, presented yesterday during a press conference the key figures for the retailer’s business in 2022, its outlook for 2023 and an update on its Vision 2025 strategic plan. As already reported ...
