All Eyewear Intelligence articles in Volume 24 No. 5+6 – Page 2
-
News briefs
Alcon sees 6% contact lens sales growth in Q4
Alcon reported sales contact lenses in the fourth quarter ended Dec. 31 of $530 million, reflecting constant currency growth of six percent but down by a reported one percent due to currency headwinds. Sales growth continued to be led by silicone hydrogel contact lenses, including the Precision1 and Total product ...
-
ArticleNational Vision in the red in Q4 as uninsured customer base is hit by inflation
National Vision, the U.S. third largest optical retailer, has reported decreasing sales and sharp profitability drops for both the last quarter of 2022 and the full year, which sent the company’s stock price tumbling. The company, which mostly addresses the lower end segment of the market, noted that the economic ...
-
ArticleWarby Parker sees more store openings, looks to improve profitability after mixed Q4
Warby Parker expects to open another 40 stores in 2023, while it also looks to improve profitability and grow its top line by another 8-10 percent despite continued economic uncertainty and a “depressed consumer environment”. In the three months ended Dec. 31, revenues at the U.S.-based direct-to-consumer (DTC) company increased ...
-
News briefs
Afflelou collected 220,000 used glasses last year in France
The Afflelou Group has announced that it collected over 220,000 pairs of used glasses from consumers in 2022 through dedicated boxes deployed at its 780 stores, mostly franchised, in France. The operation, dubbed Green by Afflelou, was launched in May 2021 in partnership with the MEDICO LIONS CLUB DE FRANCE, ...
-
ArticleUp 21% in 2022, TOG forecasts 5-8% growth this year
The Thai Optical Group posted a 21 percent year-on-year increase in revenue to 2,980 million Thai baht (€80 m) for 2022. The lens maker said that its sales rebound was mostly due to the easing of pandemic-related restrictions in most markets. All markets saw their revenue increase at double-digit pace. ...
-
News briefs
100% Optical announces record participation
The organizers of 100% Optical have announced that the last edition of the trade show, which took place from Feb. 25 to 27, was attended by a record-breaking 10,657 attendees or 10 percent more than in 2022. Over 250 eyewear companies were exhibiting their products and services. The U.K. show ...
-
News briefs
Fast growth but red ink for Lenskart in 2022, new funding round in progress
Eyewear retail group Lenskart has launched a new funding round for an estimated $400-$500 million according to several reports in the Indian business media. The round would however consist for a large part of secondary share sales as early investors reportedly plan to divest some of their stake in the ...
-
News briefs
Paris Miki up 5 % in Q3
Japanese retail group Paris Miki’s revenue increased by 4.9 percent year-on-year to 36.0 billion Japanese yen (€250m) in the third quarter of its 2023 year. For the first nine months, total sales were up by 7.0 percent versus 2022. Q3 revenue in Japan rose by 5.0 percent to ¥31.9 billion ...
-
ArticleEssilorLuxottica posts record revenue for 2022 despite Q4 slowdown
In spite of a relative slowdown in the last quarter of the year, EssilorLuxottica announced yesterday a record €24.5 billion in annual revenue for 2022, up by 23.6 percent year-on-year in reported terms. Comparable annual revenue – which is calculated as if GrandVision had been integrated from Jan.1, 2021 – ...
-
ArticleFielmann eyes new investments, cost-cutting as 2022 sales inch up and profits fall
Fielmann said it is looking to accelerate strategic investments and step up cost-cutting measures, after it reported that it had gained market share in all major markets in 2022 and seen a modest increase in sales but suffered on the profitability front. According to preliminary figures released yesterday, Germany-based Fielmann’s ...
-
News briefsEssilux extends deal with U.S. retail giant
EssilorLuxottica’s renewed multi-year deal with Target took effect on Feb. 12. The U.S. retail chain sells eyewear products and services through Target Optical, which is present within some 560 of its big-box stores and operates the website TargetOptical.com.
-
News briefsMyopia worsening in Spain
According to a report by Vision y Vida, a 65-year-old association of public utility in Spain, the spread of myopia is about to become pathological – in the technical sense. It points out that already some 62.5 percent of Spain’s university students are myopes. Worse still, however, is the situation ...
-
ArticleSynsam keeps growing but adjusts to tougher market
Reporting its results for the fourth quarter of 2022 and the full year, leading Nordic retailer Synsam Group said that its double-digit revenue hike resulted in market share gains in a challenging market environment. The company’s growth pace is however slowing down and profitability declined sharply year-on-year on strong network ...
-
ArticleBausch + Lomb Q4 contact lens sales fall 4%, prepares to launch SiHy lenses in new markets
Bausch + Lomb reported fourth quarter sales of its contact lenses totaling $219 million, down by a reported 4 percent on the year earlier but reflecting 4 percent organic growth, as it announced plans to expand the sale of its successful Infuse/Ultra One Day daily disposable silicone hydrogel contact lenses ...
- Previous Page
- Page1
- Page2
- Next Page
