All Retail articles – Page 18
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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 to block the ...
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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 January 2021 and ...
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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 down ...
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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 Berlin, Mykita ...
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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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Article
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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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 is the owner in Colorado ...
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Article
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.
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Viu opens common store with Copenhagen Studios in Düsseldorf
On April 24, in partnership with Copenhagen Studios, Viu Eyewear opened its first shared physical stand-alone shop in Düsseldorf, Germany. The 100-square-foor store, which is located on Carlsplatz, offers sneakers and boots from the Copenhagen Studios brand in addition to Viu’s eyewear. The fast-growing Swiss retail chain has decided to ...
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ArticleItalian eyewear industry reopens amid hopes that demand will pick up
Despite having had the right to operate stores during the industry lockdown that is now being lifted in Italy, as eyeglasses were considered an essential medical device, the Italian eyewear industry has remained largely closed for lack of demand.
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Invu's owner provides protective eyewear
During the Covid-19 pandemic, the Swiss Eyewear Group (SEG) has been manufacturing and delivering protective eyewear to hospitals, first responders, government organizations, public transport and charities to shield them from coronavirus infection. As businesses reopen, the group is shifting the supply of protective eyewear to the general public. The items ...
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Mister Spex reopens its stores
Mister Spex has gradually reopened its physical stores under strict hygiene requirements. Initially, 13 of the existing 22 stores have been opened with limited opening hours. From April 29, the German omni-channel retailer opened the remaining stores and expanded the opening hours. The focus remains on previously set up appointments ...
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Article
Customers are afraid of visiting opticians in Russia
Almost all of the provinces of the Russian federation have softened quarantine measures introduced because of Covid-19, and most of them have allowed eyewear retailers to open their stores again. In Moscow, however, which accounts for roughly 50 percent of all Covid-19 cases recorded in Russia, visiting the optician has ...
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National Vision plans to open all stores by early June
National Vision Holdings, one the largest optical retailers in the U.S., aims to have reopened all its physical stores by early June. They were closed following a nationwide lockdown applied in certain states to combat the Covid-19 pandemic.
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ArticleEssilorLuxottica’s Q1 sales drop by 10%
EssilorLuxottica’s first-quarter revenues were down by 10.1 percent from the year-ago quarter to €3,784 million, or by 10.9 percent in constant currencies, due to the impact of the Covid-19 pandemic. But, the company is confident that pent-up demand will underpin sales when the crisis is over. Thanks to its financial ...
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Article
Kazakh eyewear retailer mulls over international expansion
The biggest eyewear retailer in the market of Kazakhstan, Actual Optic, is considering franchising its operation in Russia and Turkey, according to the local edition of Forbes magazine. Actual Optic is running 25 stores in 10 cities of Kazakhstan offering more than 100 eyewear brands. Anna Yakovleva, general director ...
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De Rigo REM partners with OMG!Optical
De Rigo REM, the U.S. unit of De Rigo, has set up a partnership with OMG!Optical Marketing Group/Contentlinq that will enable De Rigo REM to offer new omni-channel marketing tools to its customers. The companies have created a range of visual merchandising packages to suit different customer needs. Contentlinq’s cloud-based ...
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Smarteyes releases eyewear collection with Oscar Jacobson
Smarteyes, a Swedish chain of optical retail store, has launched an exclusive collection of eyewear in collaboration with Oscar Jacobson, a well-known Swedish brand of menswear. Smarteyes has 80 stores in Sweden, Denmark and Germany.
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Shamir Optical partners with Paris Miki
Shamir Optical has concluded a partnership with a big Japanese optical retailer, Paris Miki, whose annual turnover is said to be close to $500 million. Shamir will use its InoTime technology to supply its stores with customized lenses within 24 hours, setting up a dedicated lab in Tokyo. Shamir has ...
