All Retail articles – Page 3
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Top 50 US retailers up 4% in 2024, research finds
The top 50 US optical retailers saw their total sales rise by 4.0 percent year-on-year to $21.0 billion in 2024, according to Vision Monday’s annual report which can be read in full here. This marks a deceleration from the previous year when sales increased by 8.0 percent. The ranking is ...
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French voluntary retail group invests in second-hand eyewear startup
French optical retailer Atol has announced that it has become strategic partner and a shareholder in Zac, a startup specializing on the recycling and retailing of second-hand glasses in the country. The amount of Atol’s investment was not disclosed. The partnership will enable the collection and retail of second-hand glasses ...
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Lenskart prepares for IPO
Indian-based optical retailer Lenskart changed its registered name from Lenskart Solutions Private Limited to Lenskart Solutions Limited on May 30 during a special board meeting. According to several Indian business news outlets, the official name change will allow the company to launch its initial public offering. However, no detailed schedule ...
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ArticleEssilorLuxottica keeps retail expansion focus on APAC with new acquisition
Malaysian acquisition to add 90 stores to regional retail footprint. Asia-Pacific accounted for 80 percent of new store openings by the group in the last two years.
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Mister Spex launches eye health check service
Mister Spex has announced that it will roll out its eye health check service in all its 65 stores by the end of the month. Aimed at customers over 40 years old, the service includes a refraction, an anamnesis (medical history), the measurement of intraocular pressure and a high-resolution fundus ...
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ArticleHakim Group gets more private equity support
Hakim Group, a leading player in the UK and Ireland’s optical distribution channel, has announced that ICG, a global private equity firm with over $110 billion in managed assets, was joining the business as an additional investment partner. The raised funds, the amount of which was not disclosed, will support ...
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News briefsSynsam Group launches new luxury retail concept
Synsam Group is launching a premium optical retail concept with the opening earlier this week of NK Eyewear & Optics at the NK department store in Stockholm, Sweden. The concept offers a unique combination of luxury brands, cutting-edge fashion and clinical expertise, according to the company. The 47-meter-long ...
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ArticleA declining customer base and increased costs weigh on Paris Miki’s performance
Paris Miki closed its fiscal year ending March 31, 2025, with a modest performance as total sales inched up by 0.4 percent year on year to 12.1 billion Japanese yen (€74.5m). The slight revenue uptick, which followed a small decline in Q3, was driven by the Japanese-based retailer’s domestic market ...
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ArticleSynsam slows down stores opening pace to 'recalibrate growth and profitability'
Sales kept growing at a double-digit pace overall for the leading optical retailer in the Nordics in Q1, but profitability declined due notably to the fast pace of store openings in 2024 and the rollout of the group’s digital eye exam program.
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Krys Group acquires second-hand eyewear e-commerce startup
KRYS GROUP, the leading optical retail player in France, is changing gears in its second-hand eyewear business with the full acquisition of Seecly, an online marketplace established in 2020 that is selling second-hand sunglasses and prescription glasses online. The service is open to both individuals and eyewear professionals and reportedly ...
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JINS opens branch in the Philippines
JINS HOLDINGS has announced the opening of a subsidiary in the Philippines. The retail group has been developing a franchise business in the country since 2018 in partnership with Suyen Corporation, building a small network of eight stores. The switch to a 100 percent-owned subsidiary, in which JINS is investing ...
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ArticleMister Spex finds first positive signs of turnaround program in Q1 margins while revenue drops 13%
Quarterly revenue in Germany, the group’s core market, was down by 5 percent overall but up by 13 in the brick-and-mortar network. Another positive sign was the 26 percent jump in average value of prescription glasses sold offline.
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ArticleNational Vision raises guidance, says well-positioned to mitigate tariff impact
National Vision Holdings raised its full-year financial guidance after posting better-than-expected results in the first quarter of 2025 as steps to expand its exposure to existing higher value customers bear fruit and management believes the company is well-positioned to offset the negative impact of tariffs. National Vision now expects to ...
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ArticleDebate on eyeglasses reimbursements heats up again in France
The federation of private health insurances wants to extend their clients’ refund period rights for eyeglass purchases from two to three years. The French opticians association has expressed strong reserves.
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Alain Afflelou hit in cyberattack
Personal data of thousands of Alain Afflelou clients and prospects were stolen in a cyberattack last week through unauthorized access to the IT systems of a CRM partner company, the group has announced. The stolen data include civil status information, contact details and commercial details such as the date and ...
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JINS H1 revenue up 18%, driven partly by inbound tourism
Jins Holdings has reported a 17.9 percent year-on-year increase in H1 revenue to 44.8 billion Japanese yen (€276m). The strong performance was driven by a 20.2 percent jump in domestic sales to ¥34.8 billion (€214m), while the international segment grew by 10.7 percent. The Japan-based company said that the sharp ...
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ArticleAiming for critical mass, Groupe Héron plans to almost double sales by 2030
Groupe Héron, the French-based retail group operating in the optical and audition markets, is aiming to almost double its business by 2030 to achieve critical mass, Bernhard Nuesser, Group CEO and Partner, has told us in an interview. Based on an organic compound annual growth rate (CAGR) of 8 percent ...
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Former Lenskart franchisees challenge the group’s strategy in court
Former Lenskart Indian franchisees are accusing the company of unfair trade practices and asking for the reopening of their case at the Karnataka high court, in Southwest India, according to The Ken, an Indian business news website. The plaintiffs claim that Lenskart has created unfair competition by switching its business ...
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French watchdog finds irregularities at optical shops and hearing aid centers
The Direction Régionale de la Concurrence, de Consommation et de la Répression des Fraudes (DGCCRF) – in other words, the French watchdog for frauds and other infringements to competition and consumption laws – has audited the businesses of 1,300 opticians and hearing aid centers in 2023 and 2024. The agency ...
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Eyes + More launches prime time TV campaign in Germany
Nexeye, the Dutch-based optical retail group, is launching a large-scale advertising campaign on leading German TV channels (RTL, Sat.1 and VOX) during prime time for its Eyes + More chain, with a focus on the banner’s “Buy 3, Pay for 2” offering. As previously reported, Nexeye is aiming to add ...
