All Retail articles – Page 9
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ArticleMore “boutique” and more lenses on Mister Spex roadmap
2022 was a mixed year for Mister Spex. While the German-based retailer’s sales kept growing relatively fast – by 8 percent overall and by 11 percent in Germany – profit ratios remained in the red. This led the company to launch a cost-reduction plan in September 2022 and an announcement ...
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ArticleKRYS GROUP to raise lens production capacity by 30%
KRYS GROUP has announced the completion of the building of its new plant at its CODIR industrial and logistic center in Bazainville, near Paris. The new 4,800 square meter structure, which is slated to become operational early next year at the latest, will enable the French optical retailer to accelerate ...
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News briefs
Krys rolls out VR headsets in shops
After a conclusive pilot program last year with 50 opticians, French retail chain Krys has announced the roll-out of VR headets in 200 locations out of its 1,000-store network. The device integrates an eye tracker 3D software that measures the wearer’s eye movements – including peripheral visual field, sensitivity to ...
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ArticleCircularity gaining traction in the French eyewear market
Circularity in the eyewear sector has been a hot topic in the last couple of weeks in France as two major retail chains, and a young start up specializing in the recycling of used glasses, have announced new programs for second-hand eyewear. ZAC, a Lille-based startup specializing in the ...
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ArticleFrench opticians release new market data ahead of new health care plan negotiations
As the French government prepares for a new round of discussions with healthcare professionals for an update of its so-called 100% Santé reform, the Rassemblement des Opticiens de France (ROF), the main opticians’ association in the country, has released a new set of data around the implementation of the plan ...
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News briefs
New Look Vision Group launches AI sceening tool under IRIS banner
The New Look Vision Group has partnered with DIAGNOS, a Montreal-based stocklisted artificial intelligence (AI) company focusing on health care, for the development of an AI-powered tool for ocular disease screening. The Canadian-based optical retail group is launching the new tool under its IRIS banner, starting with 20 stores across ...
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ArticleJINS downgrades outlook, rethinks business model and supply chain
JINS HOLDINGS has downgraded its outlook for the current fiscal year ending next Aug. 31 after mixed results in the first half of the year, mostly due to lackluster sales on the Japan-based group’s domestic market. Sales in Japan grew by 2.4 percent year-on-year in H1 to 26,2 billion Japanese ...
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ArticleSynsam eyewear subscription business underpins record Q1 sales gains
Synsam Group generated sales of 1,411 million Swedish crowns (€124.7m) in the three months ended March 31, up by 19.0 percent on the year earlier, marking the company’s highest first quarter growth ever and underpinned by a sharp rise in sales for its eyeglass subscription business. Organic sales growth was ...
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ArticleParis Miki reports sales rebound and return to operating profit for 2022-23
Japanese-based retail group Paris Miki ended its fiscal 2022-23 year on a high note with total sales increasing by 9.2 percent year-on-year to 11,387 million Japanese yen (€76 m) in Q4 and sharply accelerating from the 4.9 percent growth reported for Q3. The rebound was equally shared between the company’s ...
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News briefs
Optic 2000 group reports stable revenue for 2022
The Optic 2000 group, one of the leading optical and hearing aids’ retail players in France, has announced that its sales reached €1.2 billion including VAT in 2022. This represents a flattish year-on-year performance against a record comparison basis in 2021. By banner, sales including VAT reached €891 million for ...
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Revo enters into brick-and-mortar retail
Revo has announced the opening of its first flagship store in Barcelona, Spain. The store is located in the town’s Gothic Quarter, a famous area with high traffic from international tourists. Shop visitors will be able to browse through the brand’s complete range, including the entire lens collection and most ...
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ArticleEssilorLuxottica signs JV with GCC luxury powerhouse
EssilorLuxottica has announced the signature of a joint venture agreement with Chalhoub Group, a regional leader in luxury fashion and cosmetics retail, for the development of its eyewear retail footprint in the Gulf Cooperation Council (GCC) region. The partnership will combine EssilorLuxottica’s eyewear expertise, in terms of technology and retail, ...
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ArticleWarby Parker confirms 2023 guidance after Q1 sales jump 12%
Warby Parker posted revenues in the first quarter ended March 31 of $172.0 million, up by 12.2 percent compared to the year earlier and above a guidance range of $164 million to $167 million. Active customers in the period increased by 2.5 percent to 2.29 million, while average revenues per ...
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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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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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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 ...
