All Eyewear Intelligence articles in Volume 17, Issue 4-5 – Page 3

  • Article

    Krys grows by 2.3% in a tough market

    2016-03-31T00:00:00Z

    GfK reports that the French optical retail market rose by 3.4 percent last year. Quoting another market research company based in Paris, I+C, the Krys Group says it increased by only 0.5 percent and indicates that it may drop by 15 percent this year due to new governmental regulations on ...

  • Article

    Luxottica aims for €15 billion in sales in 2024

    2016-03-31T00:00:00Z

    Luxottica is aiming to reach €15 billion in revenues by 2024, up from the adjusted turnover of €9,011 million recorded last year. The target does not take into account possible acquisitions. The group did not detail its growth path to 2024 but did release some guidance for sales and profits ...

  • Article

    Luxottica sees 15% of wholesale coming from replenishment

    2016-03-31T00:00:00Z

    Luxottica anticipates that its automatic stock replenishment system, STARS, will manage 15 percent of its wholesale revenues by 2018, up from 8-9 percent currently. In Southeast Asia, the percentage is expected to reach 20 percent over the period.After adding 2,300 third-party retail doors to the program in 2015, STARS has ...

  • News briefs

    A few weeks ago, Quechua invited a group of 14...

    2016-03-31T00:00:00Z

    A few weeks ago, Quechua invited a group of 14 eyewear designers from Julbo and other companies in the Jura region of France for a presentation of Decathlon's outdoor brand, its product design and development strategy and an exchange of views. For the time being, Decathlon markets several lines of ...

  • Article

    GrandVision posts 13.2% growth, continues store expansion

    2016-03-31T00:00:00Z

    The big international optical retailing group reported a stable adjusted operating margin before amortization (Ebitda) of 16 percent on sales €3,205 million for its fiscal year ended Dec. 31. Sales grew by 13.2 percent in constant currencies, driven by organic growth of 5.3 percent and growth from acquisitions of 7.9 ...

  • Article

    Luxottica’s net rises by 25.1%

    2016-03-31T00:00:00Z

    Luxottica posted a 25.1 percent rise in net profits to €804 million for 2015, lifted by a previously reported 15.5 percent rise in net revenues to €8,837 million. The top line benefited from positive currency rates: at constant exchange rates, the group's revenues were up by 4.3 percent.On an adjusted ...

  • Article

    Marchon passes the $1 billion hurdle

    2016-03-31T00:00:00Z

    At the Mido trade show a year ago, Claudio Gottardi, president and chief executive of Marchon Eyewear, had reported a turnover of $979 million for 2014 and predicted the company's turnover would break the symbolic $1 billion barrier this year, growing by around 7 percent in constant currencies.At the recent ...

  • News briefs

    VSP Global has reached the milestone of 1 million adults...

    2016-03-31T00:00:00Z

    VSP Global has reached the milestone of 1 million adults and children having received free eye exams and glasses through its Eyes of Hope initiative, which is aimed to improve access to eyewear and eyecare to people in need. Eyes of Hope offers gift certificates for no-cost eyecare in a ...

  • Article

    Luxottica targets 17,000 wholesale doors in China by 2018

    2016-03-31T00:00:00Z

    Luxottica aims to service a total of 17,000 stores operated by wholesale clients in mainland China by 2018 as it builds up its presence in the country. This compares with more than 150,000 wholesale locations currently served by the group worldwide.The company wants to reach this objective by boosting its ...