All Retail articles – Page 4
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News briefs
Higher average ticket sales drive Zoff’s double-digit topline growth
Japanese retail group Zoff H1 revenue amounted to 24.0 billion yen (€140m), up 10.1 percent from the previous year. Domestic sales, which account for 98 percent of the group’s total business, rose at the same pace, while the marginal overseas revenue was up 7.0 percent. In Q2, total sales increased ...
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News briefs
Specsavers almost doubles Canadian footprint overnight with grocery deal
Specsavers will add 111 stores to its Canadian retail network through a deal with Loblaw Companies, a large food and pharmacy retailer with a total of 2,800 shops in the country, both companies have announced. Starting this September, the Specsavers locations will replace Theodore & Pringle, an optical retail brand ...
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ArticleNew five-year plan at Groupement Optic 2000
Optic 2000 is embarking upon a five-year plan called COOP 26/30, the name no doubt a reference to the cooperative structure of parent company Groupement Optic 2000. In short, the group’s objective is to have 3,000 points of sale and a 20 percent share of the French market by 2030. ...
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News briefs
Gentle Monster enters the Canadian market
Gentle Monster, the South Korean eyewear brand best known for its unconventional stores, will open its first location in Canada at the end of this year. The shop will be located in Toronto’s Yorkdale Shopping Center and spreads over 1,600 square meters. The company, in which Google has reportedly invested, ...
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News briefs
Mia Burton merges with Lipari
Italian eyewear e-commerce company Mia Burton and the Italian optical retailer Lipari announced they were merging to create an omnichannel group with forecast revenues of €23.7 million in 2025. Lipari was founded by Giuseppe Lipari in 1974 and currently has three physical stores, two in Palermo and one in Milan, ...
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News briefs
New MD at eyes+more for Germany and Austria
Eyes + more, a subsidiary of the nexeye optical retail group, has announced the appointment of Björn Wecker as its new managing director for Germany and Austria. Wecker joins the company from POLO Motorrad und Sportswear (sport gear and apparel) where he served as retail director since 2024. His previous ...
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News briefs
Afflelou Group launches new banner
Afflelou Group is launching Magic Afflelou, a new retail banner focusing on its Magic private label collection of eyeglasses and sunglasses with interchangeable clip-on fronts. The retail group has opened two stores in France (Nevers and Paris) and more openings are planned in the country and in Spain. According to ...
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ArticleE-commerce software group enters the DACH optical retail market
The Platform Group (TPG), a stock-listed software company based in Düsseldorf, Germany, has announced its entry into the optical and hearing aid market with the acquisition of two local optical retail groups. The investment is the first step in TPG’s long-term strategy to build an omnichannel business in the German-speaking ...
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News briefs
Slower revenue growth, higher margins and new acquisition for JEH Holdings
Japanese-based retail group JEH Holdings has reported sales of 4,191 million yen (€25.1m) for its Q1 period ended April 30, 2025, up by 8.6 percent year on year but significantly down from its growth pace in the previous fiscal year (19.9 percent). Sales to inbound tourists to Japan accounted for ...
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News briefs
CECOP launches geolocation website to boost members’ online visibility
CECOP is launching Ubika Optic, an optician geolocation website, in Spain. The online platform is designed to help end consumers find a CECOP member optician based on their geolocation, thus increasing the group’s retail members’ online visibility. Each CECOP optician has its own entry on www.ubikaoptic.com with the possibility to ...
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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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 ...
