Retail & Distribution – Page 2
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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 ...
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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 ...
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ArticleKubota Glass reports first sales, expands distribution in Japan
Kubota Pharmaceutical Holdings has announced the signature of a distribution agreement for Kubota Glass, its myopia management glasses, with EYETOPIA, a regional chain of optical shops in Japan that will offer the device in some of its roughly 170 Megane Store locations. In December last year, Kubota also opened a ...
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ArticleNew top management structure to steer MAGRABi's expansion plans
MAGRABi Retail Group, a leading eyewear retailer in the Middle East, has reshuffled its top management structure with several key appointments at the start of 2023, after the company strongly accelerated its investments in both network expansion and vertical integration in the course of last year. Effective Jan. 1, Amin ...
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ArticleSlight profitability decline for Specsavers in 2021/22 as investments resumed
According to the Specavers group’s official financial filings to the U.K. commerce register, the optical retail giant has seen its operating profits increase marginally to £449 million (€520 m) in the fiscal year ended Feb. 28, 2022, from £445 million (€513 m) in the previous year. However, as total revenue ...
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ArticleMorel puts focus on direct distribution, brand heritage and CSR
In an interview with Eyewear Intelligence, Amélie Morel, communication director of Morel Lunettes, explained how the family-owned company has taken advantage of the Covid-19 pandemic to accelerate the transformation of its international business, and has reinforced its focus on the brand’s heritage as well as its CSR commitments. A member ...
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ArticleFielmann opens subsidiary in France, appoints general manager
Fielmann’s agenda in France seems to be accelerating as the German-based retail group established a subsidiary in the country this summer. The company, whose strategic Vision 2025 plan announced in 2019 calls for the entry of one new country per year, has said that it was keeping an eye on ...
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ArticleFrench supermarket chain invests in Sym Optic
Sym Optic, the French supplier of remote refraction exams and optical products, has raised €5 million in new funds from several investors including Les Mousquetaires group, one of the leading retail groups in France, Macif, an insurance company, and three private equity funds. The company said that the new cash ...
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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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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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ArticleFielmann announces cost reductions and strategic adjustments
Thanks to its increased digitization and internationalization and in spite of the COVID-19 crisis impact, Fielmann could achieve its 5 percent average annual sales’ increase target figure in recent years. The objective is part of its Vision 2025 plan which was announced in 2019. However, the German-based retail group has ...
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ArticleApollo Optik celebrates 50 years
On the occasion of its 50th anniversary, Germany’s Apollo Optik (which, together with its parent company GrandVision, has been part of the EssilorLuxottica Group since 2021) has published some figures from various business areas. On average, each Apollo store carries more than 1,700 products (eyewear as well as lens care ...
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ArticleFielmann’s Q2 sales rise 8%, profits squeezed
The Fielmann Group reported external sales of €505 million in the second quarter of 2022, an eight percent increase compared to the year earlier, despite a drag on its top line performance from the prolonged Covid-19 pandemic and as consumer confidence increasingly takes a hit from high inflation and rising ...
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ArticleTransatlantic retail alliance inks deals with Hoya and Rodenstock
KRYS GROUP, the French optical retail leader, has joined forces with Canadian-based Newlook Vision Group and General Optica, the Iberian retail subsidiary of De Rigo, to create a new purchasing alliance. Called Global Optical Alliance (GOAL), the organization has just announced the signature of partnerships with Hoya Vision Care and ...
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ArticleZVA confirms German market rebound, but lack of opticians endures
The Zentralverband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists, has released its annual report on the German market for 2021. The results are based on data collected from its members but also from other market players, associations and research companies. The report shows that ...
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ArticleNational Vision outlook down, prices up as inflation bites
National Vision, the U.S. optical retail group addressing the entry-level segment of the market with its America’s Best and Eyeglass World chain, has downgraded its outlook for the 2022 fiscal year and increased its prices following a decline in both Q1 revenue and income. Quarterly net revenue decreased by 1.2 ...
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ArticleSynsam maintains growth pace, ramps up Swedish factory
The Synsam Group has reported a 14.7 percent year-on-year sales increase for its first quarter in 2022, with total revenues reaching 1,186 million Swedish crowns (€111.8m). The retailer’s performance was in line with the 14.0 percent growth reported for the previous quarter. Q1 2022 sales were up by 12 percent ...
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ArticleFielmann sales up 9% in Q1 despite headwinds
During its annual results presentation yesterday, the Fielmann Group confirmed it had reached record external sales of €1.94 million for the full year 2021, as announced in February with its preliminary figures. The company also presented its results for the first quarter of the current year during which the revenue ...
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ArticleOptic 2000 group just over €1bn in revenue last year
Groupement Optic 2000, one of the leading optical retailers in France, has reported a 17 percent year-on-year increase in revenue to €1,010 million for 2021. This includes annual sales of its two optical banners, Optic 2000 and LISSAC, the business of its buying groups, Gadol in France and Optic Swiss ...
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ArticleNew French retailer wants to ride the healthcare reform wave
Droit de Regard, a new French optical retailer addressing the low-cost segment of the optical market has announced it just raised €2.4 million in new funds from a dozen of private investors. The injected capital will mostly serve to finance the expansion of the banner’s retail network and to increase ...
