All Eyewear Intelligence articles in Volume 25 No. 23+24
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PDF NewsletterEyewear Intelligence: Vol 25 - No 23+24
Volume and price effects propel the French optical market over the €8 billion mark, report says | Japan optical retail market value inch up on cautious price hikes | US consumers increasingly opt for budget eyewear in stores, survey finds | Safilo keeps focus on margins as sales slump persists | Marcolin sales still down despite EMEA Q3 rebound, 9M margins slightly up | Thélios to invest in MYKITA | Alain Afflelou posts revenue and margin upticks for FY2024 but debt swells further | Solid but slower revenue growth and pressured margins for Synsam in Q3 | Mister Spex new management hails rebranding initial results in “transition quarter” | Warby Parker raises guidance again as sales momentum continues | National Vision to close 39 stores, moderate new store growth after lackluster Q3 | KITS Eyecare reports higher profit ratios and 34% revenue hike for Q3 | Lenskart close to break-even as revenue jumps 43% in FY2024 | Eyewa gets $100 million cash injection, plans to open 100 new stores in the Middle East next year | MIDO announces upgrades and changes for its 2025 edition | Ray-Ban Meta inspiring competition | Zoff first public financial results show double-digit growth pace and higher margins | iVision Tech parent company’s eyewear business sales jump 28% in Q3
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News briefs
Kering Eyewear and Paris Miki partner for first Lindberg shop in Japan
Kering Eyewear and Paris Miki have partnered to open LINDBERG by PARIS MIKI, the first optical store in Japan dedicated to the Danish eyewear brand that was acquired by the Italian luxury eyewear group in 2021. Located in the smart Ginza district, Tokyo, the shop opened its doors last week ...
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ArticleEyewa secures $100m cash injection, plans to open 100 new stores in the Middle East next year
Competition in the Middle Eastern optical retail market is going to intensify further as eyewa, the fast-growing direct-to-consumer brand, just announced that it has raised $100 million in a new financing round to accelerate its store network expansion. The round was led by General Atlantic, a global investor with approximately ...
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News briefs
Johnson & Johnson Vision Care appoints new president of Americas
Johnson & Johnson has announced the appointment of Shawn Millerick as president of its vision care unit, including the Acuvue contact lens range, for the Americas region. Millerick joins the group from Abbott, where he was managing the pediatric nutrition division. Earlier in his career, he worked at Alcon from ...
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News briefs
Flö Optics recruits additive manufacturing “trailblazer” ahead of technology launch
Flö Optics, the Israeli-based company specializing in the 3D printing of ophthalmic lens coatings, has announced the appointment of Guy Menchik as Vice President Incubation Lab. Menchik boasts over three decades of professional experience in the additive manufacturing sector, most recently as Chief Technology Officer at Stratasys. Describing him as ...
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ArticleVolume and price effects propel the French optical market over the €8 billion mark, report says
According to the latest report by the French national research and statistics office (DREES) on healthcare expenses in the country, the French optical market value jumped by 8.0 percent in 2023, topping €8 billion for the first time. It has grown by almost 30 percent since 2023. Optical expenses accounted ...
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ArticleMIDO announces upgrades and changes for its 2025 edition
Announced changes pertain to the show layout, its digital tools and conference program.
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News briefs
Marcolin inaugurates new showroom in London
After Paris and New York in previous months, Marcolin last week inaugurated a new showroom in London with guests including customers, partners, local institutions and local media. Located next to the Old Street Roundabout, the showroom includes offices and a large exhibition space dedicated to the group’s brands. The ...
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News briefs
Essilux and WCO partner on presbyopia education
EssilorLuxottica and the World Council of Optometry (WCO) have announced the launch of a new joint educational program aimed at providing comprehensive guidelines on presbyopia to eye care practitioners and, more generally, to establish a global standard of care for the eye condition. Dubbed “Presbyopia and the Aging Eye,” ...
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News briefs
Lower income on higher sales for Paris Miki in Q2
Japan-based retail group Paris Miki has reported a 3.6 percent increase in revenue to 26.1 billion Japanese yen (€162m) for the second quarter of its fiscal 2025 year. The topline uptick was driven by the company’s domestic market, where Q2 sales were up by 4.2 percent to ¥23.2 billion (€144m), ...
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ArticleAlain Afflelou posts revenue and margin upticks for FY2024 but debt swells further
The Alain Afflelou group has reported a 5.1 percent year-on-year increase in network sales and profitability improvements in fiscal 2024. However, the group’s net debt increased further.
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ArticleiVision Tech parent company’s eyewear business sales jump 28% in Q3
Italian eyewear supplier iVision Tech said its parent company posted revenues of €7.6 million in the first nine months of 2024, up by 27.6 percent compared to the year earlier on a like-for-like basis that considers solely its eyewear business. On a reported basis, revenues were up by 4.3 percent ...
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News briefsCanada to develop a national strategy for eyecare
Canada has passed Bill C-284, “an act to establish a national strategy for eye care.” This strategy, to be devised by the Ministry of Health, must “describe the various forms of eye disease.” It may do any of the following: lay out the needs of healthcare and other professionals with ...
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News briefsRay-Ban Meta glasses gain AI in parts of Europe
Meta has extended part of AI service for Ray-Ban Meta glasses to France, Italy, Ireland and Spain. Accordingly, the AI now works in French, Italian and Spanish as well as English. In particular, wearers can now ask the AI general questions, using their voice, and receive answers. They might ask ...
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ArticleSolid but slower revenue growth and pressured margins for Synsam in Q3
The leading optical retailer in the Nordics posted a 7 percent revenue increase in Q3, but customer sentiment, competition and an acceleration in its store openings program pressured margins in Q3.
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ArticleZoff first public financial results show double-digit growth pace and higher margins
Reporting its financial results for the first time since its Initial Public Offering (IPO) last month, Japan-based retail group Zoff has announced a 11.8 percent year-on-year hike in revenue to 33.6 billion Japanese yen (€255.5m) for the first nine months of fiscal 2024. For the third quarter alone, total sales ...
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ArticleJapan optical retail market value inch up on cautious price hikes
The IOFT eyewear trade show, which took place in Tokyo from Oct. 15 to 17, was the opportunity for us to assess the dynamics of the Japanese eyewear market, in collaboration with Gankyo Publishing, a local B2B eyewear publisher and research company. The eyewear show itself was this year again ...
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News briefs
ZVA partners with scientific eye health associations for continuing education
The Zentral Verband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists, has teamed up with four scientific associations in the domain of eye health to develop a framework for continuing education in the field. The associations taking part in the program are the international association for ...
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News briefs
US optical market Q3 data confirms consumers preference for budget-friendly options
Sales of prescription products and reading glasses in the US increased in volume from Q2 to Q3 2024, but they slightly declined in value according to the latest iteration of The Vision Council’s Market Insights report. This confirms that American consumers are increasingly opting for budget-friendly options according to the ...
