All Specsavers articles
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News briefs
Specsavers founder interviewed by FT
“I’m quite happy about it and I [shall] go on working for as long as I want to.” This is how Mary Perkins, 80, co-founder of Specsavers with her husband Doug, concluded her interview with the Financial Times, referring to their decision to place the company in a family trust ...
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News briefsSpecsavers Canada store network reaches 100 locations
Specsavers has announced the opening of its 100th store in Canada, less than three years after it entered the country with the acquisition of Image Optometry, an independent retailer in British Columbia. The UK-based optical retail group said that its Canadian network now includes more than 200 optometrists, 250 opticians ...
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ArticleSpecsavers full-year results show profitability drop
According to Specsavers official accounts’ filing, the U.K.-based retail group’s profitability significantly declined in the twelve-month period ended Feb. 28 compared with the previous fiscal year. While consolidated revenue inched up by 1.1 percent to £3,436 million (€3,988 m) on a reported basis (the company reported last month a 5.6 ...
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News briefs
Specsavers closes its Belgian stores
Specsavers is reportedly pulling out from Belgium, a country the retailer entered at the end of last year. According to the Retail Detail website, Specsavers was operating three stores in the region of Antwerp which were attached to its Dutch subsidiary. The group has a strong presence in the Netherlands ...
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ArticleSpecsavers revenue up mid-single digit in 2022/23
In its just published annual review, Specsavers has reported total group revenue of £3.55 billion (€4.15 billion) for its 2022/23 fiscal year ended Feb. 28, up by 5.6 percent at constant exchange rates compared with the previous year. This marks a deceleration from the 24.9 percent sales increase reported in ...
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News briefs
Spescavers launches myopia management in domestic market
The Specsavers group has announced that it was launching the myopia management product category in the U.K. and the Republic of Ireland after having trained clinicians and retail colleagues through online sessions and roadshows. The company noted that the training of retail staff was aimed at giving them an understanding ...
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ArticleUp 21% in 2022, TOG forecasts 5-8% growth this year
The Thai Optical Group posted a 21 percent year-on-year increase in revenue to 2,980 million Thai baht (€80 m) for 2022. The lens maker said that its sales rebound was mostly due to the easing of pandemic-related restrictions in most markets. All markets saw their revenue increase at double-digit pace. ...
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ArticleBrits cutting back on eye care, surveys show
A new survey by Specsavers among 2,000 U.K. adults showed that, while 73 percent of respondents wanted to prioritize their health in 2023, 11 percent declared that this would be impossible due to the cost-of-living crisis. Researchers also found that eye care was one of the first healthcare priorities to ...
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ArticleSpecsavers owners place company in family trust
Specsavers’ owners and co-founders Dame Mary Perkins and her husband Doug have announced that they had placed the company in a family trust in order to protect it from a potential acquisition by private equity funds in the future. “We are coming up to our 80th birthdays so we have ...
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News briefs
Specsavers appoints new head of professional development
Specsavers has appointed Neil Retallic to the position of head of professional development to support the group’s optometrists and audiologists in their professional training throughout their career. Retallic has more than 20 years of experience in the industry during which he held similar roles at Vision Express, CooperVision and most ...
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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
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
Successful second edition of ABDO’s sustainability summit
The Association of British Dispensing Opticians (ABDO) held its second SEE summit on the environment on Oct. 3 and has made the recording of the event available for all on its website here. The main presentations were made by Thiago Gentile of Plannet Zero, a carbon strategy consutancy of Redshaw ...
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ArticleSpecsavers sales up 25% in 2021/22, driven by domestic market
After a temporary setback due to the COVID-19 crisis in 2020/21, with group revenues sliding by 5.8 percent year-on-year, the Specsavers group resumed its fast-pace growth with annual sales reaching £3.43 billion for the fiscal year ended Feb. 28 2022, up 24.9 percent. As shown in the table below, the ...
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News briefs
Specsavers opens 2,500th franchise shop
Specsavers has opened its 2,500th franchise store, this time at the Guildford Town Centre in Surrey, Canada. The franchisee there is the optometrist Dr. Mannie Dhillon. Founded 40 years ago in the U.K. by the married couple Doug and Mary Perkins, Specsavers made its debut in Canada in 2021 and ...
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ArticleSpecsavers announces $100 million investment in Canada
Shortly after the release of its annual results for the 2020/21 fiscal year, Specsavers disclosed further details on its strategy for its development in Canada, a market the group entered last year in May through the acquisition of Image Optometry, an independent chain with a total of 18 directly operated ...
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ArticleSpecsavers profits doubled in Covid year
After having skipped the publication of its presentation last year at the time of the Covid outbreak, Specsavers has returned to disclosing the annual review of its business, however in a much less detailed format than before. For the financial year ended Feb. 28, 2021, the British-based retail group announced ...
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News briefs
Specsavers to open 200 Canadian stores by 2024
It has been seven months since Specsavers expanded into Canada, through the previously reported acquisition of Image Optometry. Now, the U.K.-based retail group is planning to open more than 200 locally owned stores in the Great White North by March 2024. The first step is to open 16 stores in ...
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News briefs
Specsavers reportedly setting up Canadian office
According to well-informed sources in Canada, Specsavers is about to rebrand to its own banner the practices of Image Optometry , the independent network of eighteen stores and franchises that the U.K.-based retail group took over a few weeks ago . Canada would then become the eleventh country where ...
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ArticleU.K., EU trade heavily affected by Brexit, worse may be ahead
Brexit has complicated life for merchants in the European Union exporting to the U.K., which highlights new paperwork requirements, higher administrative costs, delivery delays and uncertainty about what the rules of the game are now that the U.K. is no longer a member of the single market since Jan. 1. ...
