All Retail articles – Page 5
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News briefs
Russian’s Happy Look switches to private label as imports stall
In the backdrop of mounting import disruptions, Russian eyewear retailers have started replacing imported brands with local products. Russia’s largest eyewear retailer Happy Look has reported that EssilorLuxottica officially notified the company about the suspension of shipments. Until last March, the Italo-French group supplied sunglasses and frames for corrective eyewear ...
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ArticleZVA confirms German market rebound, but lack of opticians endures
The Zentralverband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists, has released its annual report on the German market for 2021. The results are based on data collected from its members but also from other market players, associations and research companies. The report shows that ...
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ArticleNational Vision outlook down, prices up as inflation bites
National Vision, the U.S. optical retail group addressing the entry-level segment of the market with its America’s Best and Eyeglass World chain, has downgraded its outlook for the 2022 fiscal year and increased its prices following a decline in both Q1 revenue and income. Quarterly net revenue decreased by 1.2 ...
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ArticleSynsam maintains growth pace, ramps up Swedish factory
The Synsam Group has reported a 14.7 percent year-on-year sales increase for its first quarter in 2022, with total revenues reaching 1,186 million Swedish crowns (€111.8m). The retailer’s performance was in line with the 14.0 percent growth reported for the previous quarter. Q1 2022 sales were up by 12 percent ...
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News briefs
French voluntary groups up 7.5% in 2021
French optical voluntary groups saw their sales increase on average by 7.5 percent in 2021 compared to 2020, according to a report by l’OL Mag based on data from the Fédération du Commerce Coopératif et Associé. Optical banners covered by this research include Atol, Optic 2000 and Lissac, Optique Leclerc, ...
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ArticleFielmann sales up 9% in Q1 despite headwinds
During its annual results presentation yesterday, the Fielmann Group confirmed it had reached record external sales of €1.94 million for the full year 2021, as announced in February with its preliminary figures. The company also presented its results for the first quarter of the current year during which the revenue ...
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News briefs
Meta to open a physical store
Meta, the company formerly known as Facebook, will be opening its first physical store on May 9. It will be located in Burlingame, California – not far from Reality Labs, the former headquarters of Oculus, which Facebook acquired in 2014 and is now home to Meta’s virtual- and augmented-reality business. ...
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ArticleOptic 2000 group just over €1bn in revenue last year
Groupement Optic 2000, one of the leading optical retailers in France, has reported a 17 percent year-on-year increase in revenue to €1,010 million for 2021. This includes annual sales of its two optical banners, Optic 2000 and LISSAC, the business of its buying groups, Gadol in France and Optic Swiss ...
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ArticleNew French retailer wants to ride the healthcare reform wave
Droit de Regard, a new French optical retailer addressing the low-cost segment of the optical market has announced it just raised €2.4 million in new funds from a dozen of private investors. The injected capital will mostly serve to finance the expansion of the banner’s retail network and to increase ...
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News briefs
Little interest in origin of optical products in France, poll says
According to a recent poll by Acuité, about 25 percent of French opticians declared that their clients were regularly or almost always asking questions about the origin of the frames and lenses. In detail, 19 percent of surveyed opticians estimate that about half of their clients made such enquiries while, ...
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News briefs
Essilux completes sale of stores to Bene
EssilorLuxottica and its unit GrandVision have completed the sale of 142 EyeWish stores in the Netherlands and 35 GrandOptical stores in Belgium to the Optic Retail International Group Bene, a member of MPG Austria. The disposal follows the commitments made by EssilorLuxottica with the European Commission to buy GrandVision. The ...
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News briefs
JINS still driven by overseas markets
Japanese-based optical retailer JINS has reported a 3.4 percent year-on-year increase in sales to 32.7 billion Japanese yen for the first half of its current financial year. Most of the growth came from the overseas business of the group where revenue increased by 14.3 percent to JPY 7.1 bn while ...
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ArticlePro Optik reports strong growth, plans further digitization
Pro Optik reported strong results in 2021, outperforming the sector despite recent market headwinds, and consolidating its third place in the ranking of optical retail banners by sales in Germany, the company announced. Sales increased last year by around 11% to €144 million from €130 million in 2020, driven by ...
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News briefsFielmann to accelerate Italian store openings in 2023
Fielmann plans to accelerate the opening of stores in Italy from 2023, with 20 additional stores annually compared with 10 currently. In an interview with the daily Corriere della Sera, Marc Fielmann, the CEO of the German eyewear retailer and the son of the founder, Günther, said that the company ...
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News briefs
GrandVision’s remaining Eye Wish stores switch to Pearle Studio banner
GrandVision will be switching all its remaining 118 Eye Wish stores in the Netherlands to the upscale Pearle Studio banner before the summer, according to Retail Trends and other Dutch trade publications. The first rebranded Pearle Studio location opened in the Gelderlandplain mall in Amsterdam a few days ago. According ...
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ArticleNational Vision issues cautious 2022 forecast after record 2021
National Vision, the U.S. optical retail group operating the America’s Best and Eyeglass World chains, has reported a 3.8 percent year-on-year decline in revenues to $477.9 million for the last quarter of its 2021 fiscal year. However, as compared to the same quarter of the 2019 reference year, group sales ...
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News briefs
Canadian retailer Clearly to expand at home
In an interview with Retail Insider, Arnaud Bussieres says that the Canadian eyewear retailer Clearly, of which he is CEO, will soon be opening 12 to 15 stores in its home market over the next two years. Owned by EssilorLuxottica, Clearly has been operating in Canada since 2013, when it ...
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Article
Paris Miki downgrades FY forecast
Japanese-based retail group Paris Miki continued to struggle in the third quarter of its FY03/22 financial year, with group revenues declining by 3.0 percent year-on-year to 11,792 million Japanese yen (€90.1m-$102.4m), however slightly improving from the 11.2 percent drop reported for the previous quarter. By region, the group reported a ...
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News briefs
Opticalia enters e-tail
Opticalia has launched an e-commerce platform. According to a report by Look Vision, the Spanish group seeks through the website to “democratize fashion in the optical market,” in part by providing exclusive online access to such brands as Mango, Pepe Jeans, Pedro del Hierro and Pull&Bear. With the last of ...
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ArticleEssilux launches new sales program in France
After the launch of a similar initiative in the U.S. and Canada, respectively in 2020 and 2021, EssilorLuxottica is rolling out its EssilorLuxottica 360 program in Europe, starting with France. The objective is to “enrich” Essilor’s Experts program and various existing Luxottica programs and thereby to expedite the expansion of ...
