All Retail articles – Page 11
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News briefs
Essilux completes sale of stores to Bene
EssilorLuxottica and its unit GrandVision have completed the sale of 142 EyeWish stores in the Netherlands and 35 GrandOptical stores in Belgium to the Optic Retail International Group Bene, a member of MPG Austria. The disposal follows the commitments made by EssilorLuxottica with the European Commission to buy GrandVision. The ...
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News briefs
JINS still driven by overseas markets
Japanese-based optical retailer JINS has reported a 3.4 percent year-on-year increase in sales to 32.7 billion Japanese yen for the first half of its current financial year. Most of the growth came from the overseas business of the group where revenue increased by 14.3 percent to JPY 7.1 bn while ...
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ArticlePro Optik reports strong growth, plans further digitization
Pro Optik reported strong results in 2021, outperforming the sector despite recent market headwinds, and consolidating its third place in the ranking of optical retail banners by sales in Germany, the company announced. Sales increased last year by around 11% to €144 million from €130 million in 2020, driven by ...
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News briefsFielmann to accelerate Italian store openings in 2023
Fielmann plans to accelerate the opening of stores in Italy from 2023, with 20 additional stores annually compared with 10 currently. In an interview with the daily Corriere della Sera, Marc Fielmann, the CEO of the German eyewear retailer and the son of the founder, Günther, said that the company ...
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News briefs
GrandVision’s remaining Eye Wish stores switch to Pearle Studio banner
GrandVision will be switching all its remaining 118 Eye Wish stores in the Netherlands to the upscale Pearle Studio banner before the summer, according to Retail Trends and other Dutch trade publications. The first rebranded Pearle Studio location opened in the Gelderlandplain mall in Amsterdam a few days ago. According ...
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ArticleNational Vision issues cautious 2022 forecast after record 2021
National Vision, the U.S. optical retail group operating the America’s Best and Eyeglass World chains, has reported a 3.8 percent year-on-year decline in revenues to $477.9 million for the last quarter of its 2021 fiscal year. However, as compared to the same quarter of the 2019 reference year, group sales ...
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News briefs
Canadian retailer Clearly to expand at home
In an interview with Retail Insider, Arnaud Bussieres says that the Canadian eyewear retailer Clearly, of which he is CEO, will soon be opening 12 to 15 stores in its home market over the next two years. Owned by EssilorLuxottica, Clearly has been operating in Canada since 2013, when it ...
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Article
Paris Miki downgrades FY forecast
Japanese-based retail group Paris Miki continued to struggle in the third quarter of its FY03/22 financial year, with group revenues declining by 3.0 percent year-on-year to 11,792 million Japanese yen (€90.1m-$102.4m), however slightly improving from the 11.2 percent drop reported for the previous quarter. By region, the group reported a ...
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News briefs
Opticalia enters e-tail
Opticalia has launched an e-commerce platform. According to a report by Look Vision, the Spanish group seeks through the website to “democratize fashion in the optical market,” in part by providing exclusive online access to such brands as Mango, Pepe Jeans, Pedro del Hierro and Pull&Bear. With the last of ...
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ArticleEssilux launches new sales program in France
After the launch of a similar initiative in the U.S. and Canada, respectively in 2020 and 2021, EssilorLuxottica is rolling out its EssilorLuxottica 360 program in Europe, starting with France. The objective is to “enrich” Essilor’s Experts program and various existing Luxottica programs and thereby to expedite the expansion of ...
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News briefs
Optical outperforming overall retail in France, survey suggests
The French optical-industry platform Acuité has published a survey of 975 optical retretail professionals to review the sector’s performance from 2019 to 2021. In that time revenues for the French optical market rose by 4 to 5 percent, with especially good performance two months before the government’s 100% Santé program ...
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ArticleSpecsavers announces $100 million investment in Canada
Shortly after the release of its annual results for the 2020/21 fiscal year, Specsavers disclosed further details on its strategy for its development in Canada, a market the group entered last year in May through the acquisition of Image Optometry, an independent chain with a total of 18 directly operated ...
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News briefs
Synsam opens new flagship store
Synsam, the Swedish-based optical retail group opened on Dec. 22 a new flagship store in the center of Stockholm. The new shop, which is reportedly the largest in the Nordics, spreads over 900 square meters and reportedly offers customers the possibility to select their frame among a large selection of ...
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ArticlePro Optik discusses future plans in online video
Inaugurating a new communication format with a round table talk available on Vimeo, four Pro Optik managers gave some insights on the present and future plans of the German optician group, nicknamed Pro Optik 2.0 after the changes the company went through. According to the four managers, Anja Fujan (HR), ...
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ArticleUkraine eyewear retailer rolls out major growth plans
Ukraine’s eyewear retailer Optika 1st announced plans to boost its network from 168 to 500 stores in Ukraine and launch its first outlets in Europe in the next few months, taking advantage of a rather successful development scheme. Optika 1st’s managers said the company was operating a successful franchise model ...
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Marks & Spencer accelerates in optical retail
Marks & Spencer announced earlier this week its plan to expand its network of M&S Opticians shop-in-shops, after a successful trial at a few locations during which the company said it received customer satisfaction and recommendation rates of 96 percent. The group is now targeting to add 43 M&S Opticians’ ...
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News briefs
Eyemart Express launches click-and-collect service
Eyemart Express, a U.S. optical retail group with over 230 stores across the country, has launched a click-and-collect program with same-day delivery for its customers, Vmail reports. The new system, which has been developed in-house by the company’s IT teams, has been implemented in all the group’s stores, with just ...
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News briefs
Specsavers to open 200 Canadian stores by 2024
It has been seven months since Specsavers expanded into Canada, through the previously reported acquisition of Image Optometry. Now, the U.K.-based retail group is planning to open more than 200 locally owned stores in the Great White North by March 2024. The first step is to open 16 stores in ...
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News briefs
New Look Vision expands in the U.S.
The Canadian retail group New Look Vision has acquired Black Optical, a luxury eyewear retailer with three stores in Dallas, Tulsa and Oklahoma City. The company was founded in 2007 by Gary Black, who will remain as a shareholder of the company and will lead the chain’s efforts to extend ...
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News briefs
Solstice Sunglasses emerges from Chapter 11
The Solstice Sunglasses retail chain is emerging from Chapter 11 proceedings with the support of a $6.5 million credit facility provided by Second Avenue Capital Partners, a financial company specializing in asset-based loans for the retail and consumer products’ industry. Solstice, which was part of the Safilo Group until June ...
