All Retail articles – Page 9
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News briefs
MPG’s retailer Optik Hallmann sales up 30 percent in 2022
MPG has announced that its Optik Hallmann retail chain, which operates over 100 optical shops and 50 acoustic studios across Germany and Denmark, increased its revenue by 30 percent last year versus 2021. The company did not communicate the actual sales figure but said it sold more than 160,000 frames ...
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News briefs
Zenni has sold 51 million pairs of glasses since launch
In a blogpost celebrating the 20th anniversary of the company, U.S. online optical retailer brand Zenni said that it has sold over 51 million pairs of glasses since its launch. The company added that its sales increased by 15 percent in 2022 compared with 2021 and that more than 60 ...
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ArticleFielmann draws path to 2025 revenue and profit targets
Along with the publication of positive Q1 results (see our other article), Marc Fielmann, CEO of the Fielmann Group, presented yesterday during a press conference the key figures for the retailer’s business in 2022, its outlook for 2023 and an update on its Vision 2025 strategic plan. As already reported ...
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News briefs
ZVA releases preliminary German market figures, announces new president
According to preliminary figures announced by the Zentralverband der Augenoptiker und Optometristen (ZVA) at his annual meeting last week, the German optical market value inched up by 2 percent year-on-year in 2022, with brick-and-mortar outperforming, notably in the area of prescription lenses, while online sales were said to have dropped ...
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News briefs
Afflelou network passes €1bn in annual sales
The Afflelou group has announced external sales of €1,012 million (including VAT) in calendar year 2022 for its optical and hearing aid business, passing the symbolic €1 billion mark for the first time. Network sales were up by 3.2 percent compared to 2021. In 2022, the retail group opened 21 ...
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ArticleNew top management structure to steer MAGRABi's expansion plans
MAGRABi Retail Group, a leading eyewear retailer in the Middle East, has reshuffled its top management structure with several key appointments at the start of 2023, after the company strongly accelerated its investments in both network expansion and vertical integration in the course of last year. Effective Jan. 1, Amin ...
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News briefsOpticiens Mobiles densifies network in France
Les Opticiens Mobiles has extended its coverage to all 94 of the administrative “departments” in mainland France. The company says it maintains France’s largest network of opticians providing home and workplace service – its emphasis is on busy professionals and the elderly and infirm – and can now schedule appointments ...
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News briefsMiOptico opens flagship in Lisbon
MiOptico, rebranded MeuOptico for Portugal, has opened a first flagship in the heart of Lisbon. The sales floor makes up 150 square meters of the total 600, the rest of which are taken up with a display space under the Precio Net concept, a Premium Exhibition space, a convention hall, ...
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ArticleSlight profitability decline for Specsavers in 2021/22 as investments resumed
According to the Specavers group’s official financial filings to the U.K. commerce register, the optical retail giant has seen its operating profits increase marginally to £449 million (€520 m) in the fiscal year ended Feb. 28, 2022, from £445 million (€513 m) in the previous year. However, as total revenue ...
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News briefs
Omnichannel retailer eyewa opens 50th store in the Middle East
Fast-growing eyewear retailer eyewa doubled its retail footprint in the Middle East region in less than one year with the opening of its fiftieth store, in Dubai. Based in the United Arab Emirates (UAE) and founded in 2017, eyewa started as a pure online player selling its own brands of ...
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News briefs
Optic 2000 partners with flash sales' website on eyewear recycling program
Optic 2000 is partnering with online flash sales’ specialist Veepee (formerly Vente Privée) for a one-week eyewear recycling initiative in November. Veepee members are invited to send up to two pairs of glasses, at no cost, and will receive a €15 voucher per pair in exchange for their participation, to ...
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News briefs
Afflelou launches ophthalmology teleconsultations’ service
After a successful test at five of its optical shops, Alain Afflelou has announced the launch of an ophthalmology teleconsultation service, which the company plans to implement in at least 25 stores in France by the end of the year. The remote service is aimed at facilitating access to ophthalmology ...
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News briefs
Specsavers warns of a glaucoma ticking time bomb in the U.K.
According to Specsavers’ “The State of the U.K.’s eye health 2022” report, the country is facing a “glaucoma ticking time bomb” as waiting times for NHS ophthalmology appointments have increased, partly as a side effect of the Covid pandemic. As of May 2022, there were more than 630,000 people waiting ...
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News briefs
Krys’ door count reaches 1,000 units
KRYS GROUP has announced the recent opening of its thousandth Krys optical shop, located in the South of France near Nice. Created in 1956, the flagship retail banner of the French voluntary group boasts a 16 percent share of the French optical market and its footprint is expanding fast with ...
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ArticleFielmann opens subsidiary in France, appoints general manager
Fielmann’s agenda in France seems to be accelerating as the German-based retail group established a subsidiary in the country this summer. The company, whose strategic Vision 2025 plan announced in 2019 calls for the entry of one new country per year, has said that it was keeping an eye on ...
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News briefs
Afflelou to drop low-cost banner in 2024
The Afflelou Group will discontinue its low-cost banner Optical Discount by the end of 2024, according to a report by French optical website Acuité. Optical Discount franchises have reportedly been given the option to cancel their franchise contract with a 3-month notice or to pursue the collaboration until December 2024. ...
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ArticleMPG prepares for integration of former GrandVision stores
A few months after the Michael Pachleitner Group (MPG) took over 177 stores from GrandVision following the acquisition of the Dutch retail group by EssilorLuxottica, we spoke with Marcel Norbart, the seasoned retail manager that MPG appointed as its Chief of Optical Retail, about the most recent developments. The current ...
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News briefsAmazon Europe enables virtual try-ons
This summer Amazon Fashion Europe has been introducing Virtual Try-On on the Continent through its e-commerce site and the Amazon Shopping App. The first items to benefit are about 1,500 sunglass models from such brands as Tommy Hilfiger, Hawkers, Lacoste, Calvin Klein and Polaroid. Prospective customers will be able to ...
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News briefs
JINS downgrades FY outlook, recapitalizes U.S. branch
JINS Holdings has revised its full year 2022 outlook downwards and now expects total sales to reach 66.9 billion Japanese yen (€481m), down by 6.0 percent compared to the initial forecast but still 4.7 percent higher than revenues reported for 2021. The group mentioned a slower-than-expected sales recovery both in ...
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ArticleFielmann announces cost reductions and strategic adjustments
Thanks to its increased digitization and internationalization and in spite of the COVID-19 crisis impact, Fielmann could achieve its 5 percent average annual sales’ increase target figure in recent years. The objective is part of its Vision 2025 plan which was announced in 2019. However, the German-based retail group has ...
