All Eyewear Intelligence articles in Volume 22 No. 21+22
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News briefs
International and ortho-k drive Menicon’s growth
Menicon reported a 16.6 percent year-on-year increase in sales to 48.4 billion Japanese yen (€371m-$425m) for the first six months of the year. As compared to 2019, the Japanese contact lens maker revenues were up by 13.1 percent. Revenues in the Vision Care segment, which accounts for over 90 percent ...
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News briefs
National Vision Q3 revenues up 20% versus 2019
National Vision reported net revenues of $518.0 million for its third quarter, up by 6.7 percent year-on-year and by 19.9 percent versus 2019. On an adjusted comparable store basis, the group’s revenues increased by 13.3 percent in Q3 as compared to the same period two years before. National Vision opened ...
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ArticleWarby Parker sees Q3 sales rise 32%, but remains in the red
Warby Parker, the omnichannel U.S. retailer, booked revenues of $137.4 million in the third quarter, up by 32.0 percent on the year earlier and 45 percent higher than the same period of 2019, but its bottom line remained in the red due to charges associated with its recent public listing ...
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PDF NewsletterEyewear Intelligence Newsletter: Vol 22 - 21+22
DTC and America drive Essilux’ growth | GrandVision up 10% in Q3 vs. 2019 | Fielmann 15% above pre-Covid level | Warby Parker sees quarterly sales soar but remains largely in the red | Successful IPO for Synsam | Hoya lenses’ sales inch up in Q2 | Kering Eyewear, Safilo and Marcolin post strong sales increases for Q2 | Charmant launches new brand in Europe | Microoled partners with mobility startup | bbase shares sustainable materials’ index | JINS posts 6% sales hike for the year
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Innovator PortraitSTS develops innovative mobile apps
When the pandemic swept through Europe, Brussels-based eyewear sales manager Alexandra Macsimov decided to find online solutions. Brick-and-mortar showrooms were shuttered, which impacted customers in two main ways. Firstly, they were prevented from nipping into their local stores to try on different frames before buying…
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ArticleFielmann reports 10% sales hike in Q3
The Fielmann Group reported a 10.0 percent revenue growth in Q3 as compared to the previous year, with total consolidated sales reaching €460.8 million, also up by 15.2 percent from the same quarter in 2019. Units sold increased by 3.6 percent to 2.17 million pairs of glasses, indicating a significant ...
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News briefs
Alcon sales of contact lenses up 8% in Q3
Alcon reported an 8 percent year-on-year increase in contact lenses sales to $562 million for the third quarter of the current financial year on a constant currency basis, also an 8 percent hike from Q3 2019 in reported terms. The company commented that the category benefitted from recovery effects in ...
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ArticleSafilo up 11% in Q3 versus 2019
Announcing its Q3 and 9-month results yesterday, Safilo reported a double-digit growth in comparable sales as compared to 2019, driven as in the previous quarters by the U.S. market but this time also by a partial recovery in Europe. The combined effect of the revenue increase and the ongoing progress ...
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News briefs
EssilorLuxottica invests in Synsam too
EssilorLuxottica has become the second largest shareholder of Synsam, following the retailer’s Initial Public Offering (IPO) as the Nasdaq Stockholm stock exchange. EssilorLuxottica, which was not listed as a major investor in the Swedish company’s prospectus, purchased about 10 million shares, corresponding to a participation of 6.6 percent. The investment ...
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News briefs
J&J sees contact lens users return to pre-Covid habits
Johnson & Johnson Vision sees contact lens consumption in Western Europe recovering as lockdown restrictions ease and wearers progressively return to their pre-Covid habits. The announcement follows a survey by the contact lens company among 3,300 respondents across France, Germany, Italy, Spain, Belgium and the Netherlands. The main finding of ...
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Articlebbase launches sustainable materials’ index
The bbase Design Group, an eyewear designer and manufacturer based in Hong Kong, has released a comparative tool measuring the sustainability performance of a number of materials used for the production of frames and lenses with the announced objective of providing the industry with a comparative analysis of existing sustainable ...
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News briefs
CooperVision reveals new MiSight research data
CooperVision has disclosed new clinical trial data for its MiSight 1 day myopia contact lens, showing no rebound in children myopia one year after cessation of treatment. After six years of clinical trial using MiSight 1 day, study participants were transitioned to single vision lens in order to measure whether ...
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News briefs
Marks & Spencer accelerates in optical retail
Marks & Spencer announced earlier this week its plan to expand its network of M&S Opticians shop-in-shops, after a successful trial at a few locations during which the company said it received customer satisfaction and recommendation rates of 96 percent. The group is now targeting to add 43 M&S Opticians’ ...
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News briefs
French survey reveals most popular optical chains
The yearly delivery of the French business magazine Capital’s survey, which looks at the most liked retail banners in the country across different sectors, showed that the Krys group placed three of its banners in the top 5 for the optical retail category. Vision Plus tops the ranking with an ...
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News briefs
Walmart and Sam’s Club Elton John collection
Walmart and a subsidiary, the warehouse-store chain Sam’s Club, are launching a line of eyewear designed in collaboration with the singer-songwriter Elton John. The model names – Rocketman, A-List and Prodigy, for example – also come from John and reflect his life and career. Walmart Inc. will be donating at ...
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ArticleCharmant Europe displays Japanese heritage and craft with new brand
Visitors at the recent Silmo eyewear trade fair in Paris were able to take a look for the first time at Charmant’s new house brand, Minamoto, just launched by the European subsidiary of the Japanese eyewear maker. Satoshi Otsuki, president of Charmant Europe, told us that Minamoto, which means “origin” ...
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News briefs
Allergan gets FDA approval for presbyopia eye drop
Allergan has announced the approval that its VUITY eye-drop presbyopia solution had just received the approval of the U.S. Foods & Drugs Administration (FDA). Phase 3 clinical studies have showed that VUITY, based on a formulation of pilocarpine and delivered by the company’s proprietary technology pHast, improved near and intermediate ...
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News briefs
Bausch + Lomb's contact lenses sales up 6 % in Q3
Bausch Health has announced a 4 percent year-on-year hike in Q3 revenues for its Bausch + Lomb unit to $949 million. In constant currencies, quarterly sales were up by 3 percent as compared to the same period last year, primarily because of the positive impacts of the recovery from the ...
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ArticleMarcolin back to pre-Covid sales level in key markets
Marcolin has confirmed in Q3 its strong sales recovery since the start of this year, with nine-month revenues jumping by 42.8 percent year-on-year in reported terms to €336.6 million. At constant exchange rates, revenues were up by 47.5 percent as compared to 2021. The growth was driven by the American ...
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News briefs
Out Of, the Italian sun lens start-up, gets Elite status
Out Of, a young company that recently launched the first electronic lens that adapts its tint to ambient light automatically in less than a second without using a battery, is one of 20 Italian start-ups that have joined Elite, a private market of the Italian Stock Exchange, with the support ...
