All Russia articles
-
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 ...
-
ArticleRussian contact lenses market in turmoil
Russia experiences a temporary shortage of Johnson & Johnson’s Acuvue contact lenses due to panic buying and logistics disruptions, the Russian newspaper Kommersant reported, quoting optical retailers. The Russian retail chain Happy Look said that Acuvue accounted for 50 percent of the Russian contact lenses market, and from 70 to ...
-
ArticleEssilux supports Ukraine’s 1,700 staff, restricts Russian operations
Reacting to the war in Ukraine, EssilorLuxottica, announced on its social media last week that the group’s immediate priority was the safety of its 1,700 collaborators in Ukraine and that it had taken steps to provide them with secured shelter, financial assistance and help crossing borders. According to the same ...
-
Article
Eyewear prices jump in Russia as the market braces for shortage
The price for eyewear in Russia jumped by 30 to 40 percent since the Russian invasion of Ukraine, primarily due to a collapse of the Russian ruble. Some stores have also seen a panic buying, as customers are wary of possible supply disruptions, over an unprecedented exodus of Western business ...
-
News briefs
Italia Independent pauses Russian distribution
The Italia Independent Group announced the immediate suspension of the distribution in Russia of its house brands Italia Independent and Laps and licensed brands Hublot and CR7 in a “sign of full and total solidarity with the Ukrainian people.” Just this January, Italia Independent signed an exclusive distribution agreement in ...
-
Article
Essilor sees growth opportunities in Russia
The Covid-19 pandemic has hit the Russian eyewear market hard, but the long-term outlook remains mostly bright, said Vadim Korol, chairman of Essilor Russia, in the Russian magazine Invest Forsait at the end of April. Last year has been marked with a slump in sales caused by a number of ...
-
News briefsRussian Post will deliver abroad goods bought on Wildberries
Russian Post has inked a contract under which the state-owned mail operator will deliver goods purchased on Wildberries’ online store to customers outside of Russia. In Armenia, Belarus, Kazakhstan and Kyrgyzstan, where Wildberries has strong positions, Russian Post will deliver orders to the post offices of its local partners. In ...
-
News briefs
Russian eyewear sales recover after lockdown
Russian eyewear sales have increased since the lifting in May of a Covid-19 related lockdown, partly because sunglasses are being used as protection against the virus as well as a proactive engagement of retailers with clients, according to the newspaper Delovoy Peterburg, citing market participants. Demand is currently stronger ...
-
ArticleEyewear market is strong on the Russian south
Sales on the Russian eyewear market are yet to recover to the pre-crisis level, but in some regions, the picture is better than in the others. For instance, the demand for eyewear in the Russian south, primarily in Krasnodar Krai, is higher than usual at this time of the year, ...
-
ArticleThe Russian eyewear market is recovering but the outlook remains bleak
After having slumped by 30 percent year-on-year in the first five months of 2020, based on data released by the research institute GfK, the Russian eyewear market is showing signs of recovery, although the pace varies from region to region and the outlook remains bleak, according to Victor Gordeychyuk, ...
-
Article
Eyewear stores are temporarily closed in Russia
The Russian government is no longer recognizing corrective eyewear as essential products that should not fall under a nationwide retail lockdown. It has ordered all eyewear stores in the country to be shut down at least for one week from Monday, March 30. While they were excluded from a ...
-
Article
Russia imports more contact lenses
In 2018, Russia imported contact lenses worth $141.2 million, 4 percent more than in the previous year, according to the Russian Federal Customs Service (FCS). The country also exported contact lenses valued at $2.97 million, but it gave no information on the previous year’s export score. The biggest suppliers of ...
