All Eyewear Intelligence articles in Volume 23 No. 5+6 – Page 2
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ArticleKits increases revenues, expands customer base
Kits Eyecare devoted 2021 – its first year as a public company – to investment, expanding its production capacity and customer base. The self-described “vertically integrated, digitally native eyecare platform” also managed to raise revenues, bringing in about $82.4 million. Year-on-year this represents an increase of 15.1 percent in constant ...
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News briefs
MPO launches new range of blue-light filtering lenses
The Austrian brand MPO has expanded its offering of specialized “4” glasses’ ranges – 4Gaming, 4Driving, 4Sports, 4All – with a new category: 4Digital. The idea here is, of course, to deal with the visual hazards of habitual screen use, with its characteristic focal distances and blue-light exposure. By MPO’s ...
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News briefs
Silmo to open its design competition
Silmo will soon be releasing its application package for the 2022 edition of its Optical and Eyewear Design Competition, so as “to stimulate creation and innovation, and to reveal the future talents set to design tomorrow’s eyewear.” The competition is open to students who are at least 18 years of ...
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News briefs
Spectaris informs its members about Ukraine war effects on business
To keep its members informed, the German manufacturers of ophthalmic optics and consumer optics association has launched a new section on its website that is dedicated to the war in Ukraine. The association informs its members about the current sanctions in effect by the E.U., the U.S., and counter-sanctions installed ...
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ArticleSpectaris: German optics industry recovered from pandemic impact in 2021
According to a press statement published by the industry association Spectaris, the German manufacturers of ophthalmic optics and consumer optics that are members of the association have successfully recovered from the negative effects of the Corona pandemic in 2021. In 2021, overall sales of the 140 Spectaris members who have ...
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ArticleEMEA and APAC drove CooperVision Q1 growth
CooperCompanies has reported a 16 percent year-on-year revenue increase to $787.2 million for the first quarter of its 2022 financial year, with double-digit progress for both its CooperVision and CooperSurgical divisions. CooperVision Q1 sales rose by 11 percent in reported terms as compared to the same period in 2020, or ...
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News briefs
Carrera secures licensing deal with Ducati
Carrera has signed a four-year partnership with Ducati Corse, the motorcycle make’s racing team. As of this year, the Safilo-owned brand’s logo will be appearing on the team’s bikes. The deal includes in addition a licensing deal for a line of dual-brand sunglasses and optical frames for motorcycling. Especially in ...
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News briefs
Indo Optical releases software suite for myopia treatment
Indo Optical of Barcelona is rounding out its offer in the treatment of childhood myopia with a software suite called IndoMedcare Miopía. The suite goes hand in hand with Indo’s Superkid Miofocal lenses for children, which purport to both correct myopia and slow its progress – by 40 percent, according ...
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ArticleEssilux closes an acquisition and a divestiture
EssilorLuxottica has recently closed two deals. One is the acquisition of Walman Optical, a network of laboratories operating in the U.S. The other is Vision Group’s acquisition in Italy, from the recently fused Essilux and GrandVision, of VistaSì’s brand and 99 stores and of 75 GrandVision stores. Terms for the ...
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ArticleNational Vision issues cautious 2022 forecast after record 2021
National Vision, the U.S. optical retail group operating the America’s Best and Eyeglass World chains, has reported a 3.8 percent year-on-year decline in revenues to $477.9 million for the last quarter of its 2021 fiscal year. However, as compared to the same quarter of the 2019 reference year, group sales ...
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News briefs
Safilo reaches deal for layoffs at Longarone
Safilo has reached an agreement with employee representatives regarding around 120 redundancies at its Longarone manufacturing plant in Northern Italy. Requests of voluntary departures have to be presented by March 11, with effective departures scheduled by March 31. The restructuration plan presented in 2020 by the company called for about ...
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News briefs
Warby Parker has donated its millionth pair of glasses
Warby Parker says it has distributed more than a million pairs of glasses free of charge to the needy. The direct-to-consumer (DTC) specialist has accomplished this through a program, called “Buy a Pair, Give a Pair,” established at the same time as the company itself. In short, every pair purchased ...
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News briefs
Canadian retailer Clearly to expand at home
In an interview with Retail Insider, Arnaud Bussieres says that the Canadian eyewear retailer Clearly, of which he is CEO, will soon be opening 12 to 15 stores in its home market over the next two years. Owned by EssilorLuxottica, Clearly has been operating in Canada since 2013, when it ...
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News briefs
Essilux establishes management services organization in U.S.
According to Vision Monday, EssilorLuxottica North America has established a management services organization (MSO) – known at least within the company as TeamVision – to invest in private practices in the U.S. and take charge of their non-medical affairs, such as product, inventory, staffing and marketing. According to the Essilux ...
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News briefs
Essilor to distribute Stellest lenses and myopia tools in Canada
Essilor is expanding its distribution of Stellest lenses in Canada and launching an accompanying suite of tools to help eyecare professionals manage myopia treatment, especially in children. Canada is the first North American country to receive the suite, according to the president of Essilor Canada, Christophe Perreault. Essilor’s Stellest lenses ...
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ArticleFrench market up 1.4% vs 2019 despite headwinds
In an online conference for the members of the French-based industry association Club Inter-Optiques last week, GFK released some key indicators on the performance of the French optical market in 2021, also providing some comparison points with the German, Spanish and Italian markets. The research company’s data is based on ...
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ArticleSynsam posts all-time high annual sales and profits
Swedish-based retailer Synsam Group reported a 14.0 percent year-on-year increase for the last quarter of its financial year, with total revenues totaling SEK 1,245 million (€117.0m). Like-for-like growth for the period was 10.2 percent. Although the quarter saw a deceleration from the previous quarter’s 21.0 percent sales’ increase, the company ...
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News briefs
Bausch + Lomb sees 6% Q4 sales gain ahead of planned IPO
The Bausch + Lomb unit of Bausch Health saw revenues in the fourth quarter of 2021 increase by 6 percent compared to the year earlier to $1,001 million. Revenues were 7 percent higher at constant currency rates, reflecting the continued positive impacts of recovery from the Covid-19 pandemic. Reported sales ...
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ArticleFielmann sees 2021 sales jump 19%
The Fielmann Group reported external sales of €1.94 billion in 2021, reflecting a 19 percent increase over the previous year and 10 percent growth above the pre-pandemic level seen in 2019. Consolidated sales rose by 17 percent compared to the previous year to reach €1.68 billion. Preliminary figures from the ...
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