All Eyewear Intelligence articles in Volume 25 No. 17+18 – Page 2
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News briefs
Eschenbach Optik adds Tom Tailor to license portfolio
Eschenbach Optik, a subsidiary of Inspecs Group, has announced the signature of a new eyewear license agreement with Tom Tailor. Starting in August next year, Eschenbach will develop and distribute a range of optical frames and sunglasses under the Tom Tailor brand.The collections will be available at selected opticians while ...
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News briefs
Vuzix books $40 million loss in Q2
Smart glasses maker Vuzix has reported sales of $1.1 million in Q2 2024, down by 76.7 percent year-on-year. The company said that this was mostly due to reduced unit sales of its M400 glasses, of which an Asian distributor had placed a significant order in the previous year. ...
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News briefs
Topcon sales grow in Q1 on currency tailwinds
Japanese-based equipment maker Topcon has reported a 6 percent sales increase in Q1 2023-24, but the growth was fully attributable to currency effects. Operating profit margin dropped in the quarter on strong investments.
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News briefs
Menicon Q1 sales up 8% driven by dailies and price hikes
Menicon has reported a 7.9 percent year-on-year sales hike to 30.1 billion Japanese yen (€186m) for its vision care business unit in the first quarter of its 2024-25 fiscal year ended June 30. The revenue growth was mostly driven by the company’s daily contact lenses portfolio in Japan whose sales ...
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News briefs
US Vision Council launches philantropy foundation
The Vision Council, the US eyewear industry association, has announced the launch of The Vision Council Foundation and the appointment of Abigail Cosby as the new organization’s partnership and business development manager. The foundation will expand the knowledge, access and opportunities needed for professionals and consumers alike to make informed ...
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News briefs
Izipizi recruits former Oliver Peoples senior director as CEO of North America
Izipizi, the French-based brand specializing in reading glasses and sunglasses, is accelerating its development in North America with the appointment of Jonathan Crespo as its CEO in the region. This is a new position at the company and the appointment follows the recent creation of its US subsidiary. Crespo joins ...
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News briefs
Mitsui vision care material volumes up in Q1
Mitsui Chemicals has reported sales of 67.5 billion Japanese yen (€417 million) for its Life & Healthcare unit in the first quarter of 2024-25, up by 18.2 percent year over year. The division’s operation profit margin for the quarter gained 0.7 percentage points versus Q1 2023-24, reaching 8.6 percent. ...
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ArticleWarby Parker upgrades FY outlook again on good Q2 results but bottom line remains in the red
Posting a double-digit sales growth and higher profit margins for Q2 2024, US direct-to-consumer optical retailer Warby Parker has once again upgraded its full year financial outlook but long-term profitability remains a challenge.
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News briefs
Mister Spex launches rebranding campaign
Mister Spex has announced the launch of a new advertising campaign called “The Optician of Your Life,” which the company says is aimed at repositioning its brand and business model towards optician expertise. Beyond the strengthening ot its positioning with its existing customers, the embattled German-based optical retailer said that ...
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ArticleNational Vision downgrades outlook after mixed Q2, announces stores fleet review and new president
Following lower-than-expected results for Q2 2024 and a downgrade of its full-year outlook, National Vision has announced a series of initiatives aimed at driving future profitable growth.
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News briefs
Kubota Glass to start distribution in China
Kubota is to expand the distribution of its myopia managent device to China through a partnership with Japan-based trading company Sojitz Kyushu.
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News briefs
New CEO for Morrow Eyewear
Belgian startup Morrow Eyewear appoints a new CEO, coming from HOYA Vision Care, to lead the scale-up phase of its eProgressive glasses.
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ArticleKits Eyecare revenue up 26% in Q2
Canadian-based online optical retailer posts strong sales increase across all markets and categories for Q2 2024, driven by domestic sales and the eyeglasses segment.
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ArticleZeiss survey shows parents’ high level of concern about their children eye health
ZEISS Vision Care shows that 95 percent of parents with kids between 4 and 9 are concerned by the impact of their screen usage on their eye health. Yet, a significant percentage of them don’t get an eye exam on a yearly basis.
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News briefs
Carl Zeiss Meditec revenue and margins down in Q3
Carl Zeiss Meditec’s revenue was slightly down and profitability dropped in the first nine months of 2023/24 on weaker sales of consumables and deteriorated price mix.
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ArticleTokai looks to expand commercial and industrial footprint outside Japan
Limited by a gradually shrinking domestic market, Japan-based lens manufacturer is looking abroad for growth, notably in the US and the Middle East.
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