The latest news and analysis on omnichannel retail and distribution changes.
Kits CEO: “We are building an eyewear business for the customer of tomorrow”
On its Investor Day last September, Kits Eyecare concluded its presentation with a bold and somewhat cryptic claim: “Setting our sights on 500 in 5.” This made for an obvious first question when we had to opportunity to sit down with Roger Hardy, co-founder and CEO of the Canadian-based pure ...
Switching to a direct distribution model, Revo announces several appointments in Europe
As part of its switch to a direct distribution strategy worldwide, Revo has announced several appointments of seasoned managers in key European markets.
Zoff first public financial results show double-digit growth pace and higher margins
Reporting its financial results for the first time since its Initial Public Offering (IPO) last month, Japan-based retail group Zoff has announced a 11.8 percent year-on-year hike in revenue to 33.6 billion Japanese yen (€255.5m) for the first nine months of fiscal 2024. For the third quarter alone, total sales ...
Japan optical retail market value inch up on cautious price hikes
The IOFT eyewear trade show, which took place in Tokyo from Oct. 15 to 17, was the opportunity for us to assess the dynamics of the Japanese eyewear market, in collaboration with Gankyo Publishing, a local B2B eyewear publisher and research company.
Solid organic growth and US acquisitions keep Fielmann in double-digit growth gear
International markets have come to account for over a third of the German-based optical retail group. The US is already the second-largest market for the group, with annual sales projected at over €250 million.
Zenni, Eyebot using automation to remove eye-test obstacles
The companies have teamed up to field eye-scanning kiosks.
French opticians’ association challenges health insurances’ proxy on optical network tender call
The Rassemblement des Opticiens de France (ROF) points at some possible irregularities, both in terms of commercial relations and of personal data protection, in the last tender call by Santéclair for French opticians to join its optical network. The dispute illustrates one specificity of the French optical market.
US business propels Fielmann topline over €1bn in H1 while price mix effects bolster margin gains
Driven by its US acquisitions and price-mix improvements, Fielmann Group has reported a double-digit revenue increase and significant margin improvements in H1 2024.