All Retail articles – Page 10
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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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French opticians remain under governmental scrutiny
In a press release issued last week, the French Directorate General for Competition, Consumption and Fraud Enforcement (DGCCRF) said that it conducted more than a thousand control operations among 710 prescription eyewear and hearing aids’ retailers in 2021. The operations were mostly aimed at checking whether they were complying with ...
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KRYS GROUP to start using eye-tracking AR tool in optical shops
French retailer KRYS GROUP is partnering with Eyesoft, a start-up tech company specialized in eyecare, for the utilization of the company’s eye-tracking tools in its optical stores. Founded in 2018 by two orthoptists, Eyesoft has developed a software that, in connection with an AR headset, enables the tracking of the ...
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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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The U.S. optical retail market consolidated further in 2021
The top 10 optical retailers significantly increased their share of the U.S. market to roughly 40 percent or $15.2 billion in value, in parts through acquisitions according to the annual report by Vision Monday. The top 3 positions in the ranking are held by Vision Source ($2.7 bn in total ...
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KRYS GROUP creates optical training program to tackle staff shortage
In a move designed to soften the impact of the shortage of skilled optical staff in France, KRYS GROUP has announced that it would launch its own training center for apprentice opticians in September this year. The French voluntary group, which boasts a retail network of close to 1,500 doors, ...
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Specsavers opens 2,500th franchise shop
Specsavers has opened its 2,500th franchise store, this time at the Guildford Town Centre in Surrey, Canada. The franchisee there is the optometrist Dr. Mannie Dhillon. Founded 40 years ago in the U.K. by the married couple Doug and Mary Perkins, Specsavers made its debut in Canada in 2021 and ...
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Anthony Afflelou becomes general manager of the Afflelou group
The Afflelou group has appointed Anthony Afflelou as its general manager, fifty years after the opening of the first Afflelou shop by his father Alain. After he graduated from a business school in Bordeaux, Anthony Afflelou specialized in digital communication and cut his teeth at an online advertising videos company ...
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Optical shops struggling to recruit
A clear majority, some 89 percent, of U.S. eyecare businesses find staffing to be more difficult after than before Covid, whereas about 11 percent find no change, and 2 percent find it easier. Such are the results of a poll conducted by Vision Monday and Women in Optometry, two American ...
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EssilorLuxottica in talks for Ray-Ban stores in India
EssilorLuxottica has confirmed being in negotiations with Reliance Brands for a partnership to jointly open Ray-Ban stores in India, following a report by the Indian business publication The Economic Times. The Italo-French company added that exploring new retail opportunities under brands like Ray-Ban was part of its group strategy and ...
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Russian’s Happy Look switches to private label as imports stall
In the backdrop of mounting import disruptions, Russian eyewear retailers have started replacing imported brands with local products. Russia’s largest eyewear retailer Happy Look has reported that EssilorLuxottica officially notified the company about the suspension of shipments. Until last March, the Italo-French group supplied sunglasses and frames for corrective eyewear ...
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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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French voluntary groups up 7.5% in 2021
French optical voluntary groups saw their sales increase on average by 7.5 percent in 2021 compared to 2020, according to a report by l’OL Mag based on data from the Fédération du Commerce Coopératif et Associé. Optical banners covered by this research include Atol, Optic 2000 and Lissac, Optique Leclerc, ...
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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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Meta to open a physical store
Meta, the company formerly known as Facebook, will be opening its first physical store on May 9. It will be located in Burlingame, California – not far from Reality Labs, the former headquarters of Oculus, which Facebook acquired in 2014 and is now home to Meta’s virtual- and augmented-reality business. ...
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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 ...
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Little interest in origin of optical products in France, poll says
According to a recent poll by Acuité, about 25 percent of French opticians declared that their clients were regularly or almost always asking questions about the origin of the frames and lenses. In detail, 19 percent of surveyed opticians estimate that about half of their clients made such enquiries while, ...
