All Eyewear Intelligence articles in Volume 21 No. 7-8
View all stories from this issue.
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PDF NewsletterEyewear Intelligence Newsletter: Vol 21 - 07+08
Italian eyewear reopens | Italian revenues down 50% | Germany projects drop up to 34% | Critical weeks at Safilo | Essilux’ Q1 sales down 10% | GrandVision down 80% for April | Fielmann’s sales and profits decline | Eschenbach in full swing | Hoya more resilient with lenses | Customers avoiding opticians in Russia | National Vision to reopen by June | British opticians’ Covid-19 group
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Article
Hoya Q4 eyeglass lens sales down 10%, contact lenses more resilient
Like many others, the Covid-19 outbreak has hit Hoya Corporation in its quarterly results. The Japanese group is, however, upbeat on the prospect of recouping from pent-up demand in the eyeglass segment based on signals from China and South Korea, where the pandemic is vaning.
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Article
National Vision’s revenues collapse in March, refinances its debt
National Vision ’s comparable store sales fell sharply in March as it temporarily closed stores due to the Covid-19 pandemic. The company is issuing a $350 million convertible note to refinance its debt.
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Article
British opticians have a new working group to discuss Covid-19 exit
The Association of British Dispensing Opticians ( ABDO ) has a new working group to discuss the exit phase from the Covid-19 lockdown and there after. The group will provide members with guidance and recommendations on protocol during the exit phase and when practices open again to provide routine eyecare. ...
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News briefs
Vuarnet donates 20% of April revenues to healthcare personnel
Vuarnet will donate 20% of its April revenues to healthcare personnel involved in the struggle against Covid-19. The French sunglass manufacturer will give the money to the fund All United Against the Virus, which brings together the Pasteur Institute , the Fondation de France and the Assistance-Publique Hôpitaux de ...
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Article
Safilo creates an umbrella initiative for all its Covid-19 response actions
Safilo has launched #united4eyecare , a global corporate initiative that embraces all the actions taken by the company in response to the Covid-19 pandemic.
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News briefs
Viu opens common store with Copenhagen Studios in Düsseldorf
On April 24, in partnership with Copenhagen Studios , Viu Eyewear opened its first shared physical stand-alone shop in Düsseldorf, Germany. The 100-square-foor store, which is located on Carlsplatz, offers sneakers and boots from the Copenhagen Studios brand in addition to Viu’s eyewear. The fast-growing Swiss ...
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News briefs
Johnson & Johnson Q1 contact lens sales resilient thanks to U.S.
Sales of contact lenses by Johnson Johnson fell by 1.3 percent year-on-year in the first quarter to reach $814 million. At constant currency rates, revenues fell by 0.3 percent as the negative impact of the Covid-19 pandemic was partially offset by a double-digit growth rate in the ...
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Article
Eschenbach in full swing on home turf
Eschenbach has been growing constantly in Germany, becoming the market leader in prescription eyewear. It has also enjoyed strong growth in Europe and the U.S..
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News briefs
French social security set to post record deficit
The deficit of the French social security is expected to reach a record €41 billion in 2020 because of the impact of the Covid-19 pandemic on public accounts, according to the budget minister Gérarld Darmanin . The social security system is expected to increase spending by €8 billion because of ...
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News briefs
Charmant starts to produce face masks
Charmant has started to produce face masks and will be making them available from mid-May. The first 5,050 face masks and 2,000 protective glasses will be donated to medical staff in Japan. The capacity will be increased in stages to produce 50,000 face masks by the end of May, ...
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News briefs
Silhouette restarts production
On March 16, in response to the Covid-19 pandemic, the management board of Silhouette International ordered most of the company’s administrative staff to work from home, suspended production at the factory in the city of Linz and retained a skeleton staff for the dispatch warehouse. On April 27, with ...
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ArticleSafilo sees coming weeks as critical to save sunglass season
The coming couple of weeks will be crucial to understanding if the sun season can be saved. If lockdowns are lifted in Europe and the recovery picks up in the U.S. the task can be achieved, according to Safilo .
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ArticleItalian eyewear industry reopens amid hopes that demand will pick up
Despite having had the right to operate stores during the industry lockdown that is now being lifted in Italy, as eyeglasses were considered an essential medical device, the Italian eyewear industry has remained largely closed for lack of demand.
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News briefs
Optical Express postpones Eyes on the World awards
Because of the Covid-19 pandemic , Optical Express has postponed its Eyes on the World environmental awards, which were due to take place in November coinciding with the United Nations’ climate change conference in Glasgow. The British retail chain will announce a new date for the awards in ...
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News briefs
Zenni increases e-sports involvement
The U.S. online eyewear retailer Zenni has extended its partnership with two e-sports teams, Golden Guardians and Lux Gaming, and has also become the official eyewear partner of the Houston Outlaws and the Pittsburgh Knights . Zenni will promote good eye health with its blue light blocking ...
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News briefs
Invu's owner provides protective eyewear
During the Covid-19 pandemic, the Swiss Eyewear Group (SEG) has been manufacturing and delivering protective eyewear to hospitals, first responders, government organizations, public transport and charities to shield them from coronavirus infection. As businesses reopen, the group is shifting the supply of protective eyewear to the general public. The ...
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News briefs
Pro Optik donates corrective frames to doctors and nurses in Germany
Pro Optik , a chain of 140 mostly franchised stores in Germany, has paid tribute to doctors and nurses during the coronavirus crisis by giving corrective frames to people working in the health care system. Entitled are about 500,000 doctors and almost 1.1 million nurses who are in the forefront ...
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News briefs
CooperVision offers a drop-shipping service
CooperVision launched a new service for opticians, “CooperVision Direct,” aiming to support retailers during the coronavirus crisis. Opticians can get contact lenses ordered through CVI delivered straight to the end consumer or to any other desired address. Until June 30, CVI will also cover the shipping costs. The company ...
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News briefs
Rodenstock launches social media campaign to support retailers
Rodenstock has launched a social media campaign to support its retailer clients. The German company provides opticians with additional marketing tools and offers webinars. As part of the initiative, opticians are offered marketing packages that address their individual business situation. Depending on whether the store is open or closed, ...
