All Retail articles – Page 12
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ArticleGrandVision sales in reopened stores drop by 13% early June
GrandVision is enjoying a recovery in sales as its stores reopen, but the company has noted that consumers are continuing with e-commerce purchases, especially for contact lenses.
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Article
Two large Italian retailers obtain government-guaranteed loans
The Italian retailers OVS and Rinascente have obtained government-guaranteed loans as part of the so-called liquidity decree to support large companies affected by the Covid-19 pandemic. The measure applies to firms with more than 5,000 employees in Italy and annual revenues above €1.5 billion. Economy Minister Roberto ...
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News briefsEnglish retailers reopen in a climate of caution
Non-essential stores reopened in England on June 15 amid concern that consumers will be absent, as a majority of people, 54 percent, remain opposed to the reopening. They are particularly reluctant to returning to shopping centers.
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News briefs
Kering Eyewear takes over Chloé license from Marchon
Kering Eyewear is taking over the worldwide eyewear license for the Chloé brand, which is owned by the Swiss luxury goods group Richemont , from Marchon , who has held it for the past nine years. The handover is scheduled to take effect in January 2021. Kering Eyewear ...
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News briefs
ABB starts distributing contact lenses in Canada
ABB Optical Group , a Florida-based provider of optical products and business solutions, has started distributing contact lenses to Canadian eyecare professionals. To serve its Canadian customers, ABB has opened a distribution center in Delta, British Columbia, and will employ about 20 people, and expects to expand during the year. ...
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News briefs
Mister Spex to open new stores in Germany
Mister Spex opened a new store of 90 square meters in Reutlingen on May 20. The German eyewear retailer will be opening another, 60-square-meter store in Heidelberg on June 18. Once the new store in Düsseldorf opens this month, Mister Spex will have 29 stores in Germany. ...
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Article
Hapter may set up a direct-to-client channel in countries not covered by its network
Hapter , the high-end Italian manufacturer that retails it products at €400-500 a pair, is considering the possibility of setting up a direct-to-client sales channel in countries not covered by its network of agents and distributors.
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News briefs
Eyeglass prescriptions may fall by 3 million in France this year
In a series of recent interviews by the French website Acuité , several optical retail chain managers including Jean Pierre-Champion , general manager of Krys Group , Yves Guénin , general secretary of Optic 2000 and Gad Dhéry , CEO of Optic Duroc, have expressed concerns about ...
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News briefs
Germany’s VAT cut may hit retailers across the border
Germany decided on June 3 to reduce the value-added tax (VAT) rate on non-food products to 16 percent from 19 percent, starting from July 1 and through the balance of this year, to give a boost to consumption and the economy. It has also cut the VAT rate for restaurants ...
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News briefs
McArthurGlen to launch rent relief package for its retail partners
McArthurGlen , the international operator of designer factory outlet centers, has launched a rent relief package for its retail partners until the end of this year. The group is waiving all minimim base rent, turnover-based rent and marketing charges for tenants in all of its centers that were closed from ...
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ArticleWGSN sees three major consumer groups emerging from the crisis
The coronavirus pandemic has accelerated societal changes and is forcing industries worldwide to adapt to the resulting changes in consumption, and WGSN has set out to predict what consumers will be looking for in the next couple of years.
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News briefs
Prada sales rise over 10% in China in May
Prada ’s sales in China rose “significantly” more than 10 percent in May compared with April, the company’s chief executive officer Patrizio Bertelli told Bloomberg TV . But, the rise is still far from sufficient to compensate for the decline in sales in the country following the lockdowns introduced ...
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News briefs
Safilo obtains Ports license for Mainland China
Safilo has signed with Ports Asia Holding a 10-year license agreement for the design, manufacture and distribution of Ports branded sunglasses and optical frames for Mainland China. The deal gives Safilo the option to expand distribution to other markets. The first Ports collection will be launched in ...
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News briefs
Opticians’ sales down 99.1% in France in April
Banque de France reported that optical shops’ revenues in the country decreased by 99.1 percent in April, the only full month under lockdown, as compared to the same month last year. It is the second highest drop rate among all sectors in France, after bicycles and motorbikes, which went ...
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News briefs
Mykita opens a store in Munich
Mykita , the Berlin-based eyewear brand, has recently opened a new store in Munich together with its retail partner, Leidmann , Mykita’s very first customer. This is the company’s third store in Germany, the other two being in Berlin, and brings the total to 14 worldwide. Along with Munich and ...
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Article
Visa witnesses “massive” surge in e-commerce use
Confirming other studies showing that the Covid-19 pandemic and subsequent lockdowns have spurred online sales, the financial services company Visa said that it is seeing a “massive acceleration toward e-commerce adoption.”
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Ferragamo enjoys strong recovery in China
The Italian fashion house Salvatore Ferragamo is experiencing a strong recovery in sales in China as the situation in the country returns to normality after the Covid-19 outbreak and subsequent lockdown, according to chief executive Micaela Le Divelec Lemmi. Marchon is the licensee of the brand for eyewear. ...
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Article
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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News briefs
Pearle Vision in deals for 13 new locations in California, Colorado
Pearle Vision , the North American network of franchised optical retailers owned by Luxottica , has signed 13 new license agreements in California and Colorado. Satheesh Rangappan and Apurva Pancholi are the newly licensed owners in East Bay, California, with an agreement for five locations. Lee Walters ...
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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.
