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
Specsavers 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.
ZEISS reports record revenues in anniversary year
ZEISS has reported record revenues of €7,529 billion for the fiscal year ending Sept. 30, 2021, with double-digit growths in all segments. The group topline grew by 19.6 percent as compared with the previous year, and by 17.1 percent versus the pre-Covid 2018/19 fiscal year. Over 90 percent of sales ...
EMEA rebound drove CooperVision in Q4
CooperVision has reported a 12 percent year-on-year increase in Q4 revenues to $564.8 million, an 11 percent hike at constant exchange rates. As compared to 2019, sales grew by 10.8 percent.
Synsam growth driven by subscription plans
Publishing its first quarterly results since its listing at the Nasdaq Stockholm stock exchange at the end of October, the Swedish-based retailer Synsam has announced significant sales increases across the board and profitability improvements. Double-digit hikes in both organic and like-for-like sales, the expansion of the group’s stores network footprint ...
Bausch Health files for IPO of its eyecare business
In its quest to split into three publicly traded companies, Bausch Health has filed to make an initial public offering of common shares in the U.S. and most of Canada for its wholly owned subsidiary Bausch + Lomb Corporation. Specifically, it has filed a Registration Statement with the U.S. Securities ...
Mojo Vision partners with sports apps
Mojo Vision, a provider of smart contact lenses, has established partnerships with five connected-fitness platforms: Adidas Running, the German sportswear company’s digital-tracking division; Trailforks, a trail-mapping service for cyclists and hikers; Wearable X, provider of smart haptic fitness apparel; Slopes, an iOS, Android and Apple Watch app for skiers and ...
MPG doubles down in retail, taking over 177 Essilux shops
Just a few days after the announcement of an agreement with the Vision Group for the takeover of 174 of their Italian stores, EssilorLuxottica and GrandVision have announced that they have found an acquirer for 177 of their retail locations in the Benelux. Both divestments had been agreed with the ...
Ocuco invests in myopia treatment IT company
Ocuco – the software producer for optometrists, ophthalmologists, optical offices and optical labs – has purchased a minority share in Ocumetra, an IT firm that produces nine clinical tools for the treatment of myopia. Chief among these is a numerical and graphical suite called Refractogram, with interactive ocular growth charts, ...
Designer Tom Davies starts selling online
The British eyewear designer Tom Davies has begun selling his eyewear through a web shop called iwearbritain.com. Davies’ designs sell under multiple brands, such as Catch London, for small runs produced in collaboration with artists and influencers, and MD1888, for “heritage” frames. Davies is notable also for his Hollywood work, ...
Fittingbox launches “diminished reality” technology
Fittingbox, the eyewear virtual try-on specialist, has announced that it would present the second generation of its technology at the next Consumer Electronics Show (CES) in Las Vegas in January next year. Astutely presented as “diminished reality”, the technology consists in removing the pair of glasses worn by the user ...
Fast-growing Mykita opens first shop in South America
MYKITA, the upscale independent eyewear brand, announced last month the opening of a new store in Mexico, its first retail location in South America. The opening of the store comes about ten years after MYKITA entered the country. Moritz Krueger, founder, said that Mexico City had come to play an ...
Warby Parker sees Q3 sales rise 32%, but remains in the red
Warby Parker, the omnichannel U.S. retailer, booked revenues of $137.4 million in the third quarter, up by 32.0 percent on the year earlier and 45 percent higher than the same period of 2019, but its bottom line remained in the red due to charges associated with its recent public listing ...
New CEO for HOYA
HOYA Corporation has selected Eichiro Ikeda, currently the group’s chief technology officer (CTO), to be its new chief executive officer as of March 1, in replacement of current CEO Hiroshi Suzuki.
Relatively few business failures among optical shops in France
Altares, which collects and analyzes data on B2B markets, notably in France, the Benelux countries and North Africa, has released figures for business failures (bankruptcies, restructurings, liquidations) in France. There were 28,371 business failures in 2021, the lowest total in 35 years, with less than 100,000 jobs affected. The total ...
U.S. insurer offering discounts on blue-light filters
Whereas eyewear brands are producing lenses to block blue light for the receptors, our eyes, at least one major medical insurer has begun incentivizing its policyholders to invest in filters to block blue light at the source, the screens of our digital devices. UnitedHealthcare in the U.S. is offering a ...
U.S. market confirms its rebound in Q3
According to The Vision Council’s most recent VisionWatch report, covering the third quarter of U.S. market, the 12 months preceding September 2021 suggest a solid recovery in eyewear revenues. Sales for the period reached $46.45 billion, up by 24 percent from the comparable period of 2020 and by 6.3 percent ...
Top 5 eyewear companies’ stock prices up 4.6 % in Q4
We are updating here our quarterly chart on the evolution of stock prices for the public companies in the eyewear market, including manufacturers, distributors or retailers of contact lenses, prescription lenses, eyeglasses and sunglasses. We are also publishing a ranking of these 22 companies based on their stock market value.
