All Eyewear Intelligence articles in Volume 25 No. 3+4 – Page 2
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News briefsTooz and Chinese firm introduce AR vision correction
Tooz and North Ocean Photonics have developed a planar diffractive waveguide with integrated vision correction for augmented-reality (AR) glasses. They introduced their product in prototype a few days ago at San Francisco’s Photonics West SPIE trade show, a hardware showcase for augmented, virtual and mixed reality. Tooz is the in-house ...
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ArticleItalian eyewear industry cautious on 2024 prospects after exports flatline in H2
The Italian eyewear industry association ANFAO said it remains cautious on sector prospects this year as it released preliminary figures for 2023 showing that Italian eyewear exports grew by 7.6 percent to €5,256 million. The total value of Italian eyewear production rose by 8.4 percent in 2023 to €5,515 million, ...
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News briefs
Mister Spex confirms guidance after positive Q4
Mister Spex has announced that its Q4 revenue increased by 7 percent year-on-year, with a 10 percent growth in the German market. The sales uptick was driven by a 10 percent increase in average order value (AOV) across the board while, in the prescription glasses segment, both price increases and ...
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News briefsVuzix says it can provide vision correction at scale for AR
Vuzix has begun integrating vision correction into its waveguides for augmented-reality (AR) glasses and head-mounted displays (HMDs). The corrective power extends from +2D to -8D diopters for now but will in time expand to cover the full range. According to the company’s press release, the product “can be produced in ...
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News briefsRecord sales and profits for Topcon’s eye care business
Japanese-based equipment maker Topcon has reported record sales of 54.2 billion Japanese yen (€338m) for the first nine months of its current fiscal year ending March 2024, up by 9.9 percent year-on-year. The topline growth was driven by the group’s domestic market (+17.2%) and the rest of Asia (+23.8%) with ...
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News briefsMPG is closing its Belgian retail operations
Following reports from the Belgian retail trade press, Michael Ksela, CEO of Retail Optical Stores Netherlands, the company operating the Eye Wish retail chain, has confirmed that Retail Optical Stores Belgium, the entity behind the 35 Grand Optical stores in the country, has filed for bankruptcy proceedings. The two structures ...
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ArticleInspecs posts mixed results for 2023, resumes acquisitions strategy
Releasing a trading update for 2023, UK-based Inspecs Group has reported margin improvements on flattish year-on-year sales for last year (£200.3m, €234.9m). On a constant-currency basis, the group’s topline declined by 1.6 percent versus 2022, which the company attributed to softer trading in December. This apparently more than offset the ...
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News briefsBlackfin partners with Barberini for AirGlass lenses
The Italian eyewear company Blackfin has partnered with mineral-glass lens producer Barberini, part of the EssilorLuxottica group, to introduce AirGlass lenses. The polarized lenses in ultra-thin glass will be paired with Blackfin’s titanium frames and make their debut on Blackfin’s new MAVERICKS eyewear. The lenses make use of Blackfin’s ultra-HDR ...
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News briefsKering aims at Maui Jim’s “global refresh” with new campaign
Maui Jim’s new advertising campaign features its global ambassador Evan Mock, an American actor, skateborder and model with Hawaiian roots. Dubbed “Color You Can Feel,” the campaign accompanies the launch of a new collection, Ekahi, the brand’s first to be designed and produced by Kering Eyewear. According to the group, ...
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News briefsUS designer eyewear collective donates over $50,000 through Pride Eyewear program
Five US designer eyewear companies in the CFDA collective – Blake Kuwahara Eyewear, Christian Roth Eyewear, Krewe, l.a. Eyeworks and Selima Optique – have donated $53,600 to the TransLatin@ Coalition, a service and advocacy organization supporting the transgender, gender-nonconforming and intersex community. The funds derive from sales of limited editions ...
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ArticleThe Vision Council publishes new US optical-market and consumer data
Announcing the release of its Market inSights 2023, the Vision Council has estimated the total value of the US optical market for last year at $65.6 billion. The organization explains that it changed it has changed research methodology again this year, adding advanced analytics, updating its sources to include consumer ...
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News briefs
Essilux officially inaugurates two industrial sites in Mexico
EssilorLuxottica officials were busy cutting ribbons in Mexico last week as the group officially inaugurated two industrial sites in Tijuana and Chihuahua. The new facility in Tijuana is expected to produce an additional 10 million pairs of optical lenses per year once fully operational and will ship up to 25 ...
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ArticleFielmann remains committed to Italian market after closures announcement
After reports in the Italian press at the end of last year that Fielmann was preparing to shut down 11 of its 54 stores in the country, the German-based retail group confirmed some closures but remains intent on developing its network in the country. “Fielmann reaffirms commitment to the Italian ...
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ArticleJohnson & Johnson Q4 contact lens sales rise 7.9%
Johnson & Johnson’s global sales of contact lenses in the fourth quarter ended Dec. 31 grew by a reported 6.1 percent to $882 million. Sales at constant currency rates increased by 7.9 percent, with growth driven by price actions and the continued strong performance of the Acuvue Oasys 1-Day family ...
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ArticleStore network upgrade, digitization and HR key to Paris Miki rebound
Like all well-established Japan retailers across all sectors, Paris Miki is facing an apparently unsolvable equation: finding sustainable growth in a country where the population is forecast to decline by approximately five percent every ten years. While many of these companies are heavily investing to develop their business abroad, particularly ...
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News briefs
Blackfin switches to direct distribution in the U.S.
Italian eyewear brand Blackfin is switching to a direct distribution model in the U.S. as of next March 1, putting an end to its multi-year distribution partnership with Villa Eyewear. The new subsidiary, Blackfin Eyewear, will be headquartered in Houston, Texas. The company stressed that the move would enable it ...
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