All Retail articles – Page 16
-
ArticleExecutive Survey: Optical industry braces up for a difficult spring/summer 2021 season
The optical industry is expecting a significant decline in demand for spring/summer 2021 collections as the world economy still reels from the blow of the Covid-19 pandemic. Nevertheless, many are maintaining comprehensive collections and relying on digital tools to defend or develop their businesses, according to an executive survey carried ...
-
ArticleEssilux launches EssilorLuxottica 360 in the U.S. as group speeds up integration
Essilor and Luxottica, respectively the lens and frame subsidiaries of EssilorLuxottica, and Luxottica’s managed vision care unit EyeMed, created EssilorLuxottica 360, a new joint program that they claim will drive growth for independent eyecare professionals (ECPs) across the U.S. This is a concrete sign of further integration within the Franco-Italian ...
-
News briefs
Mall operator in Spain sees worrying decline in July traffic
After a significant improvement in June, the footfall in Spanish malls managed by MVGM, the Dutch property management company, dropped sharply in July, raising concern that the sector may not enjoy a rapid recovery. Data released by the company, which oversees 1.1 million square meters of shopping space in Spain, ...
-
ArticleEyewear market is strong on the Russian south
Sales on the Russian eyewear market are yet to recover to the pre-crisis level, but in some regions, the picture is better than in the others. For instance, the demand for eyewear in the Russian south, primarily in Krasnodar Krai, is higher than usual at this time of the year, ...
-
ArticleABG, SPARC picked to buy Brooks Brothers for $325 million
The iconic American apparel group Brooks Brothers has selected Authentic Brands Group (ABG) and its partially owned retail unit SPARC as the winning bidders of a competitive sale process after they increased their offer to $325 million for the vast majority of the company’s global business operations as a going ...
-
ArticleNational Vision returned to growth in June
National Vision’s second quarter net revenues fell to $260.0 million from $429.5 million a year earlier as comparable store sales contracted by a reported 44.7 percent and by 36.5 percent on an adjusted basis. Comparable store sales dropped by 83.9 percent in April and by 56.6 percent in May, but ...
-
ArticleEssilorLuxottica has secured trade data held by GrandVision
EssilorLuxottica has secured information stored on servers managed by GrandVision in connection with legal proceedings involving the two companies. The Dutch eyewear retailer said that the measure was handled by an unamed independent third party. A backup of the information will be held by the third party until there is ...
-
News briefs
Fielmann opens 28th store in Italy
Fielmann has opened its 28th store in Italy, and the second in Tuscany, in Livorno. The other Tuscan store was opened in Lucca last year. The 220 square-meter store is the first opening since the end of the coronavirus-related lockdown in Italy. The previous opening was in December in Milan. ...
-
News briefsNau! opens 3 new locations
Nau!, the dynamic Italian optical retail chain, has opened two stores in Italy since the end of the coronavirus-related lockdown in the country. The two franchise stores are located in Prato and Catania. The retailer also opened a corner in Labtique, a center for fashion brands and designers located on ...
-
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 MSA will automatically ...
-
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 new agreement, which will ...
-
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 Gordeychyuk, ...
-
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 site and the remainder ...
-
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. 20 from Aug. 13 ...
-
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 million. ...
-
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 of Boots Opticians stores were ...
-
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.
-
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 a five-year renewal. ...
-
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 Tokyo. ...
-
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, which is also owned ...
