All Retail articles – Page 4
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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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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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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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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 ...
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ArticleZeiss tests e-commerce model with partner ECPs in India
ZEISS India has announced the launch of a new e-commerce initiative in partnership with local partner eye care professionals (ECPs). The company said that the new service, dubbed Lead Generation Service, was aimed at enhancing the optical retail of its local partners by providing them with an additional sales channel ...
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Synsam expands e-commerce and second hand frames workshop facility
Synsam Group has announced that it was doubling the surface of its e-commerce warehouse in Spånga, north of Stockholm, to 2,700 square meters. The investment is primarily meant to address a sharp increase in online orders in general and in its contact lens business in particular. The company said that ...
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ArticleWith close to 100 new stores in 2024, KRYS GROUP consolidates its market leadership in France
Driven by a record number of new store openings, KRYS GROUP has announced that it consolidated its market leadership in the French optical market last year, lifting its market share to 18.4 percent versus 17.0 percent in 2023. The voluntary group also stressed its sustained development over the last twelve ...
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Targeting a higher price segment, Brillen.de operator launches new subscription-based retail concept
SuperVista, the German-based group behind the brillen.de discount brand, has announced that it was entering the higher-priced designer frames segment with the launch of THE GOOD BRAND OPTICIANS, a new eyewear retail concept operating on a subscription-based business model. The new shop-in-shop brand offers hundreds of frames from “top international ...
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Jacques Marie Mage accelerates store openings in fashion hotspots
In an interview with WWD, luxury eyewear designer Jacques Marie Mage has revealed that it was planning to open three new JJM Gallery stores in Paris, Tokyo and New York by the end of 2026. The announcement follows the recent openings of two European stores, in Milan and London. In ...
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Mister Spex announces CEO change
Mister Spex has announced the appointment of Tobias Krauss, currently chairman of the company’s supervisory board, to the position of Chief Executive Officer, effective April 1. Krauss has been a member of Mister Spex’ supervisory board since 2020 and its chairman since July 2024. He has also been serving as ...
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Boots future uncertain as WBA changes hands
Walgreens Boots Alliance (WBA) has entered into a definitive agreement to be acquired by Sycamore Partners, a US private equity firm. WBA operates over 12,000 healthcare and beauty shops across the US, Europe and Latin America, including approximately 1,900 Boots stores in the UK. The company is also the major ...
