The latest news, analysis and data on topics including Financial Results, Corporate, M&A, Omnichannel, Retail & Distribution, E-Commerce & DTC, Market Statistics, Policy & Legal, Trade & Sourcing, Marketing, Products, Trade fairs & Events
Fielmann’s Q2 sales rise 8%, profits squeezed
The Fielmann Group reported external sales of €505 million in the second quarter of 2022, an eight percent increase compared to the year earlier, despite a drag on its top line performance from the prolonged Covid-19 pandemic and as consumer confidence increasingly takes a hit from high inflation and rising ...
Fast-growing Inspecs boosts manufacturing base
The Inspecs group has reported a four-fold increase in annual revenues to $246.5 million for 2021 from $47.4 million in 2020, as the topline was boosted by its multiple acquisitions in the last year and a half.
Afflelou Q3 growth driven by COVID recovery, DOS and hearing aids
The Afflelou group has reported a strong increase in network sales for the third quarter of its current fiscal year, thanks mostly to a strong performance in the French-based retailer’s domestic market while the activity in Spain was more subdued (see chart).
Paris Miki to invest €50m in 3-year turnaround plan
Paris Miki revenues inched up to 44.1 billion Japanese yen (€308m) in its fiscal year ended in March 2022, a 0.5 percent increase compared to the previous year. It is only the second time in the last decade that the retailer saw its sales go up year-on-year as the group’s ...
Lenskart accelerates in Asia with Owndays’ takeover
Lenskart, the fast-growing Indian retail group, has announced the acquisition of a majority share in Owndays, a Japanese-based DTC eyewear brand with 460 stores and e-commerce operations in 13 Asian countries, Australia and the United Arab Emirates.
Paris Miki to invest €50m in 3-year turnaround plan
Paris Miki revenues inched up to 44.1 billion Japanese yen (€308m) in its fiscal year ended in March 2022, a 0.5 percent increase compared to the previous year. It is only the second time in the last decade that the retailer saw its sales go up year-on-year as the group’s ...
Kering Eyewear sets €2bn annual revenue target
As part of its capital markets day last week, French luxury group Kering presented an update on the business of Kering Eyewear, announcing a midterm revenue target of €2 billion per year, compared to €706 million in 2021, and an EBIT margin of over 15 percent. The group also shared ...
Lenskart starts a $100 m fund for DTC eyewear brands
Lenskart, the Indian omnichannel retailer and eyewear manufacturer, has created a $100 million fund dedicated to investments in direct-to-consumer (DTC) eyewear brands as the company believes that the market is now “ripe for a tech-enabled global transformation”.
Zenni to use robots for order fulfillment
Zenni is automating the “last meter” of fulfillment at its logistics hub in Novato, California, as Vision Monday has reported. The specialist in online prescription eyewear has sold 45 million pairs of glasses in its 19 years of operation. According to its director of distribution, Simon Goh, the company is ...
Lenskart starts a $100 m fund for DTC eyewear brands
Lenskart, the Indian omnichannel retailer and eyewear manufacturer, has created a $100 million fund dedicated to investments in direct-to-consumer (DTC) eyewear brands as the company believes that the market is now “ripe for a tech-enabled global transformation”.
Topology rolls out its technology outside North America
At the last edition of the Mido show in Milan, Safilo and Topology, a Californian-based tech company, presented their jointly developed digital platform which was launched in the U.S. and Canada at the end of last year by the American subsidiary of the Italian group.
Luna launches refraction exam app
Luna, the eyewear tech company created by 1-800 Contacts earlier this year, held an online presentation of its new MyRx Refraction Exam app at the end of last month. The exam and relevant smartphone application were developed by the teams of Israeli-based 6over6, one of the businesses integrated in Luna, ...
The Vision Council reports on U.S. consumer choices
The Vision Council has released its first report on consumer decision-making with respect to eyecare. Titled Focused inSights 2022: Consumer Choices, the report covers in particular eye exams and eyewear. It is available for purchase on the Council’s website.
Global soft contact lens market estimated at $9.5 billion
At the group’s investor presentation day earlier this week, CooperCompanies said that its CooperVision unit outpaced the global contact lens market growth in recent years, with annual sales increasing at an average annual rate of 6.4 percent since 2016. Based on independent research and management estimates, the company estimates the ...
APAC has become the world’s largest online eyewear market, research finds
Market research provider Euromonitor International has released a report titled “Where Consumers Shop for Eyewear.” Published in April, the report was presented at this year’s 100% Optical show, on April 23-25.
ZVA 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.
