All Eyewear Intelligence articles in Volume 21 No. 9-10 – Page 3
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News briefs
Safilo obtains Ports license for Mainland China
Safilo has signed with Ports Asia Holding a 10-year license agreement for the design, manufacture and distribution of Ports branded sunglasses and optical frames for Mainland China. The deal gives Safilo the option to expand distribution to other markets. The first Ports collection will be launched in ...
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News briefs
Opticians’ sales down 99.1% in France in April
Banque de France reported that optical shops’ revenues in the country decreased by 99.1 percent in April, the only full month under lockdown, as compared to the same month last year. It is the second highest drop rate among all sectors in France, after bicycles and motorbikes, which went ...
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News briefs
UK to erase import tariffs for spectacle frames
The British government has removed import duties for frames and mountings in its new tariff regime known as the U.K. Global Tariff (UKGT), and that will replace the European Union’s Common External Tariff (CET) from Jan. 1, 2021. Under the current regime they are taxed at 2.2 percent. For sunglasses, ...
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News briefs
Alcon’s Q1 vision care sales up 8% driven by dailies total 1 contact lenses
In the first quarter of 2020, Alcon’s vision care division posted an 8 percent increase in net sales to $838 million. At constant currency rates, the top line rose by 10 percent driven by solid demand for Dailies Total 1 contact lenses, the launch momentum of Precision 1 ...
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Article
Luxottica joins forces with Padua university to manage Covid-19
Luxottica is intensiving measures to combat Covid-19. A new protocol, including blanket testing and sensors to maintain and monitor social distancing, is being implemented in Italy and will be extended to all of its facilities worldwide.
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Article
Fielmann buys 10% stake in a provider of wearables, augmented reality solutions
Fielmann is further pushing its digital agenda thanks to an alliance with Ubimax , a provider of computing technologies and augmented reality solutions. Tightening its strategic partnership with Ubimax , it has purchased a 10 percent stake in the company through a capital increase. The acquistion was carried ...
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News briefs
Modo expects 9.5% drop in first half sales outside the Americas
The Italo-American company Modo expects to book a 9.5 percent drop in revenues for its business outside the Americas in the first half of the year because of the impact of the Covid-19 pandemic. The group consists of a New York-based company for the Americas and one in ...
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Article
Mido4u attracts over 10,000 visitors in a couple of month
The organizers of Mido launched Mido4u.com , a B2B digital platform set up to compensate for the cancellation of Mido’s 2020 edition because of the Covid-19 pandemic. But in over two months, it has attracted less than a fifth of the fair’s attendance.
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Article
Facebook wants to become a shopping platform
In response to the current corona crisis with the worldwide closure of many physical shops, Facebook has started to integrate a shopping function into its main social network, as it has already been doing on Instagram . Mark Zuckerberg , founder and chief executive of Facebook, said in a livestreamed ...
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News briefs
Essilor donates to the UN Road Safety Fund
Essilor announced that, as of May 5, it has become an official donor to the United Nations Road Safety Fund through a $200,000 contribution in cash. This communication comes after the official recommendations by the Inland Transport Committee of the United Nations for improving road safety worldwide ...
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Article
Zeiss claims a higher market position in eyeglass lenses
In reporting its results for the first half of its financial year, ended on March 31, Carl Zeiss said it expanded its position in the market for eyeglass lenses. Without breaking down the figures, it said that the Vision Care division saw growth during the period, but gave no ...
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News briefs
Shopko Optical reopening throughout May
The U.S. optical retailer and eyecare provider Shopko Optical will be reopening its 80 plus locations throughout the month of May. The chain had decided to temporarily close its centers from mid-March because of the Covid-19 pandemic. In the wake of the pandemic, and the changes it has ...
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News briefs
Revo partners with johnnie-O
Revo is launching a capsule collection of sunglasses with johnnie-O , the men’s lifestyle brand. The collection comprises four styles, called Pursuit, Venture, Aspire and Wingman. The Revo x johnnie-O capsule collection is sold exclusively on Revo.com and johnnie-O.com.
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News briefs
Mykita opens a store in Munich
Mykita , the Berlin-based eyewear brand, has recently opened a new store in Munich together with its retail partner, Leidmann , Mykita’s very first customer. This is the company’s third store in Germany, the other two being in Berlin, and brings the total to 14 worldwide. Along with Munich and ...
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Article
Visa witnesses “massive” surge in e-commerce use
Confirming other studies showing that the Covid-19 pandemic and subsequent lockdowns have spurred online sales, the financial services company Visa said that it is seeing a “massive acceleration toward e-commerce adoption.”
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Article
Blackfin expects it will take one year for the market to stabilize
The high-end Italian brand Blackfin expects the market will take a year to recover from the blow of the Covid-19 pandemic. Despite, the ongoing talk that the crisis will favor the digitalization of the economy, the company prefers to continue relying on human contact to serve its clients.
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Article
Ferragamo enjoys strong recovery in China
The Italian fashion house Salvatore Ferragamo is experiencing a strong recovery in sales in China as the situation in the country returns to normality after the Covid-19 outbreak and subsequent lockdown, according to chief executive Micaela Le Divelec Lemmi. Marchon is the licensee of the brand for eyewear. ...
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News briefs
Mister Spex opens second store in Munich
Mister Spex has recently opened its second store in Munich. The German eyewear retailer has currently 23 brick-and-mortar stores in Germany. The new store covers 80 square meters, stocks more than 680 styles of sunglasses and prescription frames, and offers vision tests and frame adjustments free of charge. Customers ...
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Article
Richemont enjoys strong demand in China but warns that Covid-19 impact may last
As China has become the bellwether on how fast an economy can recover from the Covid-19 crisis, Richemont pointed out that it is currently enjoying strong demand in the country. Nevertheless, it warned that the impact of the virus on the global economy may last a long time.
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