All Eyewear Intelligence articles in Volume 24 No. 11+12 – Page 2
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ArticleEssilorLuxottica unveils Ray-Ban Reverse collection
EssilorLuxottica has officially announced the launch of Ray-Ban Reverse, giving more details on the new sunglasses that were described as a “revolution” and a “reinvention” during the group’s last financial results presentation. The Reverse collection’s innovation lies in the design of the frames lenses that come with an inverted look ...
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ArticleJINS downgrades outlook, rethinks business model and supply chain
JINS HOLDINGS has downgraded its outlook for the current fiscal year ending next Aug. 31 after mixed results in the first half of the year, mostly due to lackluster sales on the Japan-based group’s domestic market. Sales in Japan grew by 2.4 percent year-on-year in H1 to 26,2 billion Japanese ...
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News briefs
New Vision Council report looks at eye care journey trends by demographics
A new report just published by the Vision Council looks at how consumers’ eyecare journeys differ across different age groups. Among the key findings of the research, the U.S. industry association noticed that, while they have the highest rate of managed vision care coverage, Gen X consumers are the least ...
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ArticleSynsam eyewear subscription business underpins record Q1 sales gains
Synsam Group generated sales of 1,411 million Swedish crowns (€124.7m) in the three months ended March 31, up by 19.0 percent on the year earlier, marking the company’s highest first quarter growth ever and underpinned by a sharp rise in sales for its eyeglass subscription business. Organic sales growth was ...
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ArticleParis Miki reports sales rebound and return to operating profit for 2022-23
Japanese-based retail group Paris Miki ended its fiscal 2022-23 year on a high note with total sales increasing by 9.2 percent year-on-year to 11,387 million Japanese yen (€76 m) in Q4 and sharply accelerating from the 4.9 percent growth reported for Q3. The rebound was equally shared between the company’s ...
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News briefs
Optic 2000 group reports stable revenue for 2022
The Optic 2000 group, one of the leading optical and hearing aids’ retail players in France, has announced that its sales reached €1.2 billion including VAT in 2022. This represents a flattish year-on-year performance against a record comparison basis in 2021. By banner, sales including VAT reached €891 million for ...
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News briefs
Zeiss Consumer Markets business up 3 % in H1
The Zeiss Group has announced an 18 percent year-on-year revenue increase to €4,836 million for the first half of its fiscal year, with all business units growing. The topline increase was largely driven by the group’s semiconductor business where sales jumped by 41 percent versus H1 2021-22. Revenue from the ...
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News briefs
CVI launches new lens-fitting platform for ECPs in Europe
CooperVision has announced that it has launched Visavy, its new digital fitting tool, in the Benelux and Nordic countries. The web-based fitting software is said to enhance the former platform, MyProcornea, by the introduction of new tools to assist eyecare professionnals (ECPs) in the design and selection of CVI’s scleral, ...
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News briefs
DEG appoints new sales director for North America
The Design Eyewear Group (DEG) has appointed Jason Dopheide as its new vice president of sales at its North American subsidiary. Dopheide is an experienced eyewear executive who previously held sales manager positions in the region for Mondottica USA and Marcolin. Since 2016, he was director of sales of Morel ...
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ArticleMenicon driven by dailies, ortho-k, overseas and currencies in FY2022
Japanese-based contact lens maker Menicon has reported positive full year results for its fiscal year ended March 31, with a double-digit increase in group revenue versus 2021 and a slight improvement in operating profit margin. The overseas markets, notably in the orthokeratology segment, higher sales of daily disposable lenses in ...
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News briefs
Revo enters into brick-and-mortar retail
Revo has announced the opening of its first flagship store in Barcelona, Spain. The store is located in the town’s Gothic Quarter, a famous area with high traffic from international tourists. Shop visitors will be able to browse through the brand’s complete range, including the entire lens collection and most ...
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News briefs
Oculus opens Indian branch
Oculus, the German-based manufacturer of ophthalmic instruments, is opening a subsidiary in India. The new branch will be headed by Srinivasan Seshadrinathan, who has been working with Oculus in the region since 2019, and will work in partnership with KLB Instruments, the company’s distributor in India for more than 30 ...
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News briefs
National Vision posts Q1 revenue increase but margins still down
National Vision has reported its first quarterly revenue increase in more than a year as group sales increased by 6.6 percent year-on-year to $562.4 million in Q1 2023. On a comparable-store basis, sales went up by 3.0 percent versus Q1 2022. Profitability remained however under pressure as the higher eyeglass ...
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News briefs
Italia Independent Group restructuring approved by court
The Italia Independent Group (IIG) announced that its debt restructuring deal reached with creditors in mid-February has been approved by the court of Ivrea, Italy and extended to creditors who were not parties to the original accord. The debt restructuring agreement foresees that creditors to IIG, the holding company, will ...
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News briefs
Italy’s Anfao, unions agree on new labor contract
The Italian eyewear trade association Anfao reached an agreement with trade union representatives on the terms of a new contract affecting the approximately 18,000 workers in Italy’s eyewear industry and covering the 2023-2025 period. The contract foresees a gradual increase in average monthly salaries over the three years, which will ...
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ArticleGermany and prescription frames drove Mister Spex’ growth in Q1
Mister Spex has reported a 6 percent year-on-year increase in revenue to €51 million for the first quarter of 2023. The growth was fully attributable to Germany where sales grew by 12 percent to €38 million, thanks notably to the reallocation of marketing investments on the domestic market as part ...
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ArticleEssilorLuxottica signs JV with GCC luxury powerhouse
EssilorLuxottica has announced the signature of a joint venture agreement with Chalhoub Group, a regional leader in luxury fashion and cosmetics retail, for the development of its eyewear retail footprint in the Gulf Cooperation Council (GCC) region. The partnership will combine EssilorLuxottica’s eyewear expertise, in terms of technology and retail, ...
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News briefs
Vuzix bullish about smart eyewear adoption by fashion glasses brands
Presenting its Q1 financial results earlier this week, smart glasses manufacturer Vuzix gave an update on the development of its Vuzix Ultralite OEM platform which the company said had an array of customers lining up, across different sectors. These include fashion glasses companies but also companies in the sporting goods, ...
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News briefs
Mirage receives ISO environmental certification
Mirage, the Italian-based company specializing in the production of injection moulded eyewear, has announced that it has obtained ISO 140001:2015 certification for the creation and implementation of an Environmental Management System (EMS). The company said the certification process took three years to be completed. According to ISO’s presentation, the 140001:2015 ...
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News briefs
Kits Eyecare sales up 38 percent in Q1
Canadian-based online retailer KITS Eyecare has announced a 38 percent year-on-year revenue increase to $27.7 million for Q1 2024. The company said that the growth was driven by an increase in eyeglasses shipments, up 46 percent to 67,000 pairs, and strong repeat customer revenue, which rose 19 percent to $16.6 ...
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