Retail & Distribution – Page 6
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The EU further extends deadline for Essilux-GrandVision probe
The European Commission has pushed back to Aug. 13 the deadline for completion of its in-depth anti-trust investigation into EssilorLuxottica ’s planned takeover of GrandVision, according to a filing on its website.
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National Vision’s revenues collapse in March, refinances its debt
National Vision ’s comparable store sales fell sharply in March as it temporarily closed stores due to the Covid-19 pandemic. The company is issuing a $350 million convertible note to refinance its debt.
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ArticleItalian eyewear industry reopens amid hopes that demand will pick up
Despite having had the right to operate stores during the industry lockdown that is now being lifted in Italy, as eyeglasses were considered an essential medical device, the Italian eyewear industry has remained largely closed for lack of demand.
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Customers are afraid of visiting opticians in Russia
Almost all of the provinces of the Russian federation have softened quarantine measures introduced because of Covid-19, and most of them have allowed eyewear retailers to open their stores again. In Moscow, however, which accounts for roughly 50 percent of all Covid-19 cases recorded in Russia, visiting the optician has ...
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National Vision plans to open all stores by early June
National Vision Holdings , one the largest optical retailers in the U.S., aims to have reopened all its physical stores by early June. They were closed following a nationwide lockdown applied in certain states to combat the Covid-19 pandemic.
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ArticleEssilorLuxottica’s Q1 sales drop by 10%
EssilorLuxottica ’s first-quarter revenues were down by 10.1 percent from the year-ago quarter to €3,784 million, or by 10.9 percent in constant currencies, due to the impact of the Covid-19 pandemic. But, the company is confident that pent-up demand will underpin sales when the crisis is over. Thanks to its ...
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Kazakh eyewear retailer mulls over international expansion
The biggest eyewear retailer in the market of Kazakhstan, Actual Optic , is considering franchising its operation in Russia and Turkey, according to the local edition of Forbes magazine. Actual Optic is running 25 stores in 10 cities of Kazakhstan offering more than 100 eyewear brands. Anna Yakovleva , ...
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Mister Spex’ omni-channel strategy takes on new dimensions
To protect customers and employees during the current coronavirus crisis, Mister Spex has recently decided to switch its 21 stores in Germany to emergency care until further notice. Further new store openings, in Berlin and Munich, will be suspended. All Mister Spex online services will remain available to customers. ...
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Article
Eyewear stores are temporarily closed in Russia
The Russian government is no longer recognizing corrective eyewear as essential products that should not fall under a nationwide retail lockdown. It has ordered all eyewear stores in the country to be shut down at least for one week from Monday, March 30. While they were excluded from a ...
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Article
Better-than-expected revenues for EssilorLuxottica
EssilorLuxottica – alias Essilux – reported revenues for the third quarter that exceeded its guidance, and confirmed its objectives for 2019. They jumped by 8.4 percent to €4,310 million on a pro-forma basis, with growth of 5.2 percent in local currencies, which was above a previously set annual objective of ...
