All Eyewear Intelligence articles in Volume 25 No. 23+24 – Page 2
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News briefs
Menicon H1 sales up 6.1%, driven by dailies and Japan
Menicon H1vision care sales amounted to 56.3 billion Japanese yen (€346m), up by 6.1 percent year-on-year and slightly slowing down from Q1 (+7.9 percent). The topline increase was mostly driven by a 9.5 percent growth in the daily contact lenses segment, which now accounts for close to 30 percent of ...
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News briefs
Visottica publishes first sustainability report
Eyewear parts manufacturer Visottica Group has announced the release of its first sustainability report which the company says is the first in the eyewear components sector to anticipate the European Union’s CSRD reporting requirements for large companies. The report concludes a two-year analysis of the company’s sustainability practices, conducted in ...
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News briefs
Fast-growing MEI beefs up infrastructure
MEI, the Italian-based manufacturer of equipment for lens laboratories and optical shops, has announced significant infrastructure investments to accomodate the fast expansion if its business. The company will double the surface of its headquarters from 10,000 to 20,000 square meters by the end of 2025, expanding the office and showroom ...
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News briefs
Vuzix remains deep in the red, announces “pivotal” CES 2025 moment
Smart eyewear manufacturer Vuzix has announced a total revenue of $1.4 million for Q3 2024, down from $2.2 million in the previous year. Sales of smart glasses products and of engineering services declined by 28 percent and 51 percent, respectively, versus 2023. Net loss for the quarter was $9.2 million, ...
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News briefs
Hong Kong trade show attracted 13,000 buyers, organizers announce
Organizers of the Hong Kong International Optical Fair – the Hong Kong Trade Development Council (HKTDC) and the Hong Kong Optical Manufacturers Association (HKOMA) – have announced that 13,000 buyers from 94 countries and regions took part in the 2024 edition of the event that was held from Nov. 6 ...
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ArticleMister Spex new management hails rebranding initial results in “transition quarter”
Group revenue was down by 3 percent in Q3 but sales were slightly up in Germany and in the key prescription glasses’ product category.
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News briefsVision Council, EyeMed promote eye health
The Vision Council Foundation and EyeMed Vision Care, an American company owned by EssilorLuxottica and dealing in managed vision benefits, are undertaking a joint publicity campaign around “overall eye health.” They will be publishing a series of “curated vision health and wellness articles” and “interactive vision guides” as well as ...
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ArticleRay-Ban Meta inspiring competition
Apple is exploring the exploring the territory, China’s Baidu already claiming a stake.
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News briefs
Alcon sees contact lens sales rise 8% in Q3
Alcon reported contact lens sales of $664 million in the third quarter ended Sept. 30, up by 8 percent both on a reported and constant-currency basis, as top line growth continued to be driven by product innovation, including for toric and multifocal models, and by price increases. Alcon’s vision care ...
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News briefs
Mitsui confirms rebound in vision care materials sales
Mitsui Chemicals has announced a 16.0 percent year-on-year jump in revenue to 138.1 billion Japanese yen for its Life & Healthcare unit for the first half of its fiscal year ending March 2025, roughly in line with its growth pace in Q1. The business unit comprises the Japanese group’s vision ...
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ArticleLenskart close to break-even as revenue jumps 43% in FY2024
According to The Economic Times and several other Indian business news organizations, optical retail group Lenskart has reported a 43 percent year-on-year jump in operating revenue to Rs 5,610 crore (€625m) for its 2024 fiscal year, ended at the end of March. The group had roughly doubled its sales in ...
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ArticleThélios to invest in MYKITA
LVMH’s eyewear unit expands its footprint in the eyewear designer segment with a minority stake in the Berlin-based eyewear designer and manufacturer.
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ArticleWarby Parker raises guidance again as sales momentum continues
Warby Parker raised its full-year guidance for revenues and adjusted Ebitda as sales momentum continued in the third quarter and the start of the fourth. Third-quarter revenues increased by 13.3 percent year over year to reach $192.4 million, in line with the growth rate seen in the previous quarter and ...
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ArticleSafilo keeps focus on margins as sales slump persists
Safilo Group’s topline continued to slip in Q3 2024, as quarterly sales went down by 4.1 percent year on year to $225.4 million, weighed down by a stubbornly soft North American business. At constant rates, revenue decreased by 3.4 percent versus 2023, in line with the company’s performance in the ...
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ArticleNational Vision to close 39 stores, moderate new store growth after lackluster Q3
Q3 revenue was up by 2.4 percent year over year to $451 million. Adjusted operating margin remained in low-digit territory.
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ArticleKITS Eyecare reports higher profit ratios and 34% revenue hike for Q3
Full-year revenue forecast at close to 160 million Canadian dollars.
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News briefs
Optic 2000 appoints new store network manager
Optic 2000 has announced the appointment of David Bedok as new director of its store network. A senior executive with close to 20 years of experience at EssilorLuxottica, most recently as key accounts manager, Bedok will manage a team of 30 in charge of relations between the voluntary group and ...
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News briefs
Kering Eyewear receives French official recognition for its manufacturing facility
Kering Eyewear has announced that its production facility, Manufacture Kering Eyewear, was awarded France’s “Entreprise du Patrimoine Vivant” official recognition last month. Granted by the state and created in 2005, the label recognizes French companies for their excellence in craftsmanship and distinctive industrial skills. Founded in 1983 and located in ...
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ArticleMarcolin sales still down despite EMEA Q3 rebound, 9M margins slightly up
In line with its previous financial results Marcolin has reported slight profitability improvements for the first nine months of this year despite a continued decline in group sales, mostly related to the Americas market. Revenue in the nine-month period was down by 3.2 percent year over year to €408.0 million, ...
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ArticleUS consumers increasingly opt for budget eyewear in stores, survey finds
Commenting the results of its most recent quarterly survey, The Vision Council, the US eyewear industry association, stressed that in-store customers were increasingly opting for spending less than $100 out-of-pocket for their eyewear purchase, confirming the shift away from luxury eyewear that has been the trend in the country in ...
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