All Retail articles – Page 11
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News briefs
National Vision extends partnership with Walmart to 2024
National Vision has extended its management and services agreement (MSA) with Walmart by three years to Feb. 23, 2024. National Vision has had a 30-year optical partnership with the American retailer and currently operates 231 Vision Centers inside selected Walmart locations. As part of the agreement, the ...
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News briefsYoox, Armani lay out a new distribution model
Yoox Net-a-Porter (YNAP), the fashion online retailer owned by the Swiss luxury group Richemont , is creating with the Italian fashion group Giorgio Armani a new distribution model that will further the partnership between the two companies that have been working together for 20 years. Under the ...
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ArticleThe Russian eyewear market is recovering but the outlook remains bleak
After having slumped by 30 percent year-on-year in the first five months of 2020, based on data released by the research institute GfK , the Russian eyewear market is showing signs of recovery, although the pace varies from region to region and the outlook remains bleak, according to Victor ...
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ArticleInspecs takes over Norville’s manufacturing operations
(Update) Inspecs has bought the manufacturing operations of The Norville Group that was placed into administration after becoming insolvent. The assets were bought from the administrator, BDO LLP , for £2.4 million in cash (€2.6m-$3.0m). The acquisition includes £1.2 million (€1.3m-$1.5m) of freehold property for Norville’s Gloucester ...
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ArticleThe EU extends deadline for Essilux-GrandVision probe to Aug. 20
Once again the the European Commission has pushed back the deadline for completion of its in-depth anti-trust investigation into EssilorLuxottica ’s planned €7.2 billion takeover of GrandVision, according to a filing on its website. The deadline was postponed by a week, or five working days, to Aug. ...
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ArticleFielmann’s first-half sales drop to €611 million
Fielmann ’s first-half sales declined to 3.1 million glasses from 4.1 million a year earlier, while consolidated revenues dropped to a preliminary estimate of €611 million from €758.2 million due to the impact of the Covid-19 pandemic. External sales, including value-added tax and inventory, slipped to €710 million from €884.4 ...
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News briefs
Boots Opticians to close 48 stores in U.K.
Boots Opticians , the U.K. optical retailer owned jointly by U.S. pharmacy chain Walgreens Boots Alliance and Italian eyewear producer De Rigo , is closing 48 stores and laying off staff as part of a wider restructuring at Boots UK accelerated by the Covid-19 pandemic. The majority ...
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ArticleHow are retailers managing excess stock in Covid-19 times?
Managing stock has always been a tricky part of any business. But it becomes even more so when demand evaporates overnight as occurred with the outbreak of the Covid-19 pandemic and the subsequent lockdowns worldwide, prompting manufacturers and retailers to be nimble and explore various different solutions.
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News briefs
Marcolin renews license agreement with Moncler
Marcolin has renewed its worldwide license agreement with Moncler , an Italian brand of down-filled jackets for five years to Dec. 31, 2025. Marcolin had obtained the license in 2015, replacing Allison . At the time, Marcolin and Moncler had agreed to a five-year license with an option for ...
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News briefs
Komono opens new flagship store in Antwerp, launches in-house optical service
Large mirrors, clear lines, natural-light filled spaces, shimmering displays and a reduced palette of translucent and opalescent materials: Belgian fashion eyewear and watch company Komono opened last month its new flagship store in Antwerp, the latest in a series of shops in major cities including Brussels, Amsterdam, Madrid and ...
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News briefs
Kering Eyewear takes over Dunhill license
Kering Eyewear is taking over the Dunhill license from De Rigo and reinforcing its partnership with the Swiss luxury goods group Richemont , which owns the brand and is a minority shareholder in Kering Eyewear. The Italian company recently announced that it had obtained the Chloé license, ...
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News briefs
Mister Spex expands German retail network to 31 stores
The German optician and eyewear retailer Mister Spex is expanding its domestic store network to 31 units with new openings in Bielefeld on June 10, Heidelberg on June 18 and Saarbrücken and Lübeck on June 25 and July 2 respectively. With the Bielefeld store, the company further consolidates ...
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ArticleOne thing is growing faster than online fashion sales: digital CMR
The Covid-19 pandemic has truly changed the rules of the fashion retail game, accelerating some trends that were already developing and leading to completely new scenarios that are testing the strengths of even the strongest brands. Digitilization is a major force in this scenario, but it is not growing fastest ...
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News briefs
Luxottica to open 250 Sunglass Huts shop-in-shops in Hudson stores
Luxottica , the Italian frame manufacturing unit of the EssilorLuxottica group, will open 250 Sunglass Hut shop-in-shops in Hudson stores and localized convenience concepts across North America. The decision comes after a successful pilot at Richmond International Airport earlier this year. Hudson plans to open nine additional ...
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News briefs
Drumohr launches a small sunglass collection
Drumohr, the Scottish knitwear brand established in 1770 and bought in 2016 by the Itailan businessman Michele Ciocca , has launched a small eyewear collection. The designer Emanuele Magenta proposed the brand extension to Ciocca, who accepted the idea. The collection comprises only one model of unisex acetate ...
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News briefs
For Eyes, Walgreens set up co-branded website
For Eyes , the U.S. business unit of the GrandVision group, has expanded its partnership with the American drug store chain Walgreens by launching a co-branded website called Walgreens.foreyes.com. In a message on his LinkedIn account, Jorge Gervasi , For Eyes’ managing director, said that the website ...
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News briefs
Online represented one-third of retail sales in the UK in May
In May, the proportion of overall retail sales in the U.K. bought online soared to the highest level on record at 33.4%, which compares with the 30.8% reported in April, according to the Office for National Statistics (ONS). In a survey carried out between May 18-31, the ONS says that ...
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News briefs
Optic 2000 partners with Oney to offer financing solutions
Optic 2000 has signed a partnership with the French-based Oney , a subsidiary of the larger BPCE banking group and Auchan Holding. that presents itself as a bank with a retailer DNA, in order to offer credit facilities to clients for their optical and hearing aids’ equipment ...
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ArticleItaly considering a €50 voucher to buy eyeglasses, contact lenses
The Italian government is expected to examine a proposal put forward by the non-profit organization Commissione Difesa Vista (CDV) to distribute by the end of the year to Italian taxpayers a €50 voucher to buy eyeglasses or contact lenses. CDV promotes vision and eye health and was founded ...
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News briefs
Michael Pachleitner Group extends distribution of Red Bul SPECT
Red Bull SPECT Eyewear , a brand of the Austrian group Michael Pachleitner Group , is expanding its sales network. From this autumn, the brand will be available in most stores of the Austrian retailer Blue Tomato as well as at the chain Intersport Austria and Switzerland.
