All Eyewear Intelligence articles in Volume 21 No. 15 – Page 2
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News briefs
Mall operator in Spain sees worrying decline in July traffic
After a significant improvement in June, the footfall in Spanish malls managed by MVGM, the Dutch property management company, dropped sharply in July, raising concern that the sector may not enjoy a rapid recovery. Data released by the company, which oversees 1.1 million square meters of shopping space in Spain, ...
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News briefs
Clearly, IAPB to merge in 2021
On Jan.4, 2021, Clearly, a charity founded in 2016 by the Hong Kong-based philanthropist James Chen, will merge into the International Agency for the Prevention of Blindness (IAPB), an alliance of civil society organizations, private sector, and professional bodies promoting eye health through advocacy, knowledge and partnerships. The move ...
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ArticleEyewear market is strong on the Russian south
Sales on the Russian eyewear market are yet to recover to the pre-crisis level, but in some regions, the picture is better than in the others. For instance, the demand for eyewear in the Russian south, primarily in Krasnodar Krai, is higher than usual at this time of the year, ...
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News briefs
CooperVision buys orthokeratology contact lens firm GP Specialists
CooperVision has acquired GP Specialists, a Californian manufacturer and distributor of customized orthokeratology contact lens. CooperVision said that the move further expands its Specialty EyeCare business and its offer to address the increasing severity and prevalence of myopia. Terms of the transaction were not disclosed. Steve Wagner, GP Specialists’ former ...
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ArticleABG, SPARC picked to buy Brooks Brothers for $325 million
The iconic American apparel group Brooks Brothers has selected Authentic Brands Group (ABG) and its partially owned retail unit SPARC as the winning bidders of a competitive sale process after they increased their offer to $325 million for the vast majority of the company’s global business operations as a going ...
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ArticleNew Look Vision enjoys brisk trade since re-start
New Look Vision, Canada’s largest optical retailer, posted a 64.9 percent decrease in revenues to 27.4 million Canadian dollars (€17.5m-$20.5m) in the second quarter, resulting principally from the Covid-19 related interruption, as well as scheduled store closures offset by revenue from newly acquired stores. By the end of the quarter, ...
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News briefs
NCC “Beyond 2020” postponed until 2022
The Dutch Contact Lens Conference (NCC 2020), initially planned for March 15-16 and postponed to Sept. 6-7, has been postponed a second time. The eighth edition will now be taking place a year and a half from now, on March 13-14, 2022, in the Dutch city of Veldhoven. According to ...
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ArticleNational Vision returned to growth in June
National Vision’s second quarter net revenues fell to $260.0 million from $429.5 million a year earlier as comparable store sales contracted by a reported 44.7 percent and by 36.5 percent on an adjusted basis. Comparable store sales dropped by 83.9 percent in April and by 56.6 percent in May, but ...
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ArticleBausch Health to spin off its eye health unit
Bausch Health intends to spin off its eye health business into an independent publicly traded entity. It will be an integrated, pure play eye-health company built on the Bausch + Lomb brand. The timing of the spinoff is tied to certain conditions and approvals, including the reorganization of the reporting ...
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ArticleEssilorLuxottica has secured trade data held by GrandVision
EssilorLuxottica has secured information stored on servers managed by GrandVision in connection with legal proceedings involving the two companies. The Dutch eyewear retailer said that the measure was handled by an unamed independent third party. A backup of the information will be held by the third party until there is ...
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ArticleGrandVision’s online booking plays key role in customer conversion
GrandVision continues to see lower retail traffic across its business as a result of higher consumer uncertainty. But, this is being offset by higher customer conversion driven by the underlying need for eyecare and brand loyalty, the Dutch eyewear retailer said in comments accompanying its first-half results. The online appointment ...
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News briefsOcean Sunglasses sees 2020 sales at €2.5 million
Ocean Sunglasses, the Spanish brand that claims to be world leader in eyewear for water sports, expects sales to reach €2.5 million this year and €2.8 million in 2021. The company achieves 30 percent of its revenues in France, which is its main market. The U.S. and Spain are jointly ...
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News briefs
Spect to release new Red Bull sunglasses
Red Bull Spect Eyewear, a brand of the Austrian group Michael Pachleitner Group, has introduced Raze, a new model of sunglasses created in collaboration with the Red Bull Skydive Team. Raze has polarized lenses, a frame made of lightweight TR90 thermoplastic, and nose pads and temples made of antibacterial rubber. ...
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Article
Safilo’s full-year sales forecasts cut by analysts
After Safilo released weaker-than-expected second-quarter results, some financial analysts cut their forecasts for the full year. In the second quarter of 2020, Safilo registered a 54.0 percent decrease in sales to €114.5 million as a consequence of coronavirus-related lockdowns and travel restrictions. Thanks to a mid-single digit growth rate posted ...
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