All Eyewear Intelligence articles in Volume 23 No. 17+18 – Page 2
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News briefsQ2 revenues and profit up at Thai Optical
Total revenues at Thai Optical Group (TOG) amounted to 720 million Thai baht (€19.8m) for the second quarter, for a year-on-year increase of 21 percent. Net profit was THB 109 million (€2.99m), up by 26 percent. (First-quarter net profit had declined year-on-year, from €2.6m to €2.1m.) For the first half ...
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News briefs
Menicon vision care sales up double-digit in Q1
Menicon has posted a 10.6 percent year-on-year increase in vision care sales to 25.1 billion Japanese yen (€181m) for the first quarter of its 2022/23 fiscal year. Sales in Japan, which account for close to 75 percent of total revenues, rose by 4.5 percent. Overseas markets once again overperformed, with ...
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News briefs
Conant Optical sales and profits up double-digit in H1
Conant Optical, the Chinese manufacturer of resin lenses that went public last year, has reported a 15.2 percent year-on-year increase in revenue to RMB 746.6 million (€108m) for the first six months of 2022. In volume, the group sold a total of 77.2 million lenses, up by 21.8 percent from ...
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News briefs
Essilor settles false claims allegations in the U.S.
Essilor International, Essilor of America Inc., Essilor Laboratories of America Inc. and Essilor Instruments USA have agreed to pay $16.4 million to resolve allegations that the companies caused false claims to be submitted to Medicare and Medicaid by violating the Anti-Kickback Statute, the U.S. Department of Justice said in a ...
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ArticleFielmann sees profits squeezed in H1
The Fielmann Group reported its Ebitda narrowed to €171.4 million in the first half of 2022 from €186.6 million the year earlier while its net profit slipped to €28.2 million from €37.4 million, as the group increased employees’ salaries amid a shortage of skilled workers while sales continued to be ...
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ArticleSynsam keeps up growth as Swedish factory comes online
Sales at the Synsam Group in the second quarter of 2022 increased by a reported 15.3 percent to 1,399 million Swedish crowns (€132.4m), a result the company highlighted was achieved in a competitive market for recruiting opticians, particularly in its home market of Sweden but also in Norway and Denmark. ...
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ArticleFielmann invests €65 m in high-tech facility in Czech Republic
The Fielmann Group announced a €65 million investment for a new high-tech eyewear manufacturing and logistics facility in Chomutov in the Czech Republic to support its European growth efforts. The company said that it would produce customised, refined prescription lenses at the new site and mount them into frames sourced ...
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ArticleInspecs lifts HY profits but sees tough trading in Europe
UK-based eyewear group Inspecs increased half-year profit despite currency headwinds, but warned that the war in Ukraine and cost-of-living crisis were hitting trade in its European markets. The firm posted a 15.8 percent increase in revenues to $145.5 million on a constant currency basis, driven by the continuing integration of ...
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News briefsSynsam returns production to Sweden
Synsam has opened what it calls the first large-scale factory for eyewear frames in the Nordics. The Production and Innovation Center results from the group’s decision in 2020 to shift production from China back to Sweden. To achieve this objective it has refurbished the air flotilla’s Hangar 90 at Frösö ...
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News briefsAmazon Europe enables virtual try-ons
This summer Amazon Fashion Europe has been introducing Virtual Try-On on the Continent through its e-commerce site and the Amazon Shopping App. The first items to benefit are about 1,500 sunglass models from such brands as Tommy Hilfiger, Hawkers, Lacoste, Calvin Klein and Polaroid. Prospective customers will be able to ...
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News briefsMarchon's new president promoted from within
VSP Vision has promoted Thomas Burkhardt from chief marketing officer and senior vice president of global brands, marketing and design at Marchon to Marchon’s president. He will be reporting to VSP’s chief operating officer, Earnie Franklin. Burkhardt is succeeding Nicola Zotta, president since 2016. This is the same year Marchon ...
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ArticleNathalie Blanc partners with L’Amy America for the U.S. market
French eyewear brand Nathalie Blanc is entering the U.S. market through a multi-year partnership with Ultimate Vision, the luxury division of L’Amy America. Ultimate Vision will distribute Nathalie Blanc’s collections in the country, but the French company said it would directly manage its marketing operations for the U.S. market, notably ...
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ArticleNational Vision cuts sales outlooks as Q2 sales continue decline
National Vision said it was cutting its forecasts for top line growth for the full year, after sales slipped in the second quarter of 2022. Revenues in the three months ended July 2, 2022, decreased by 7.3 percent compared to the year earlier to $509.6 million and were positively impacted ...
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ArticleWarby Parker slashes sales outlook, cuts jobs despite 14% growth in Q2
Warby Parker slashed its sales outlook for the full year and unveiled corporate job cuts and other cost-cutting measures despite solid growth in the second quarter, as it highlighted the “uncertain macroeconomic environment” and signs of industry-wide weakness in demand for eyewear. The U.S.-based direct-to-consumer (D2C) company now anticipates full-year ...
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News briefs
Alcon’s Q2 contact lens sales rise 9%
Alcon reported sales of contact lenses in the quarter ended June 30 of $547 million, an increase in constant currency terms compared to the year earlier of nine percent. Contact lens sales were boosted by growth in silicone hydrogel contact lenses, including the Precision1 and DailiesTotal1 product families and Total30, ...
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News briefs
KITS improves profit ratios on flat sales
Kits Eyecare has improved its gross profit margin by 10.6 percentage points to 32.3 percent in Q2 compared to the previous year in spite of flattish revenue. Sales for the quarter totaled 21.8 million Canadian dollars (€16.5m) this year versus C$21.7 million in 2021. The management said that the jump ...
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News briefs
New VP of sales for Kenmark Eyewear
Kenmark Eyewear has announced the promotion of Steve Mount to the position of vice president of sales. Mount joined the company in 1994 as territory manager and has held positions as regional manager, corporate trainer, Western US sales director and most recently national sales director.
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ArticleIOFT reopens for international business
Organizers of the IOFT show are getting ready to welcome back international visitors and exhibitors in Tokyo for the next edition of the event scheduled to take place from Oct. 18 to 20. Although the Japanese show was one of the very rare industry events that was not canceled during ...
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