All Eyewear Intelligence articles in Volume 26 No. 17+18 – Page 3
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News briefs
Research company puts Saudi Arabian eyewear market at $3.3bn in 2033
The Saudi Arabian eyewear market – including prescription glasses, contact lenses and sunglasses – is expected to grow from $1.9 billion in 2024 to $3.3 billion in 2033 according to a new report by Research and Markets. The value increase corresponds to a 6.4 percent compound annual growth rate. The ...
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News briefs
Mitsui sees firm demand for vision care materials continue
Mitsui Chemicals’ Life & Healthcare Solutions division reported Q1 sales of 56.3 billion Japanese yen (€327m), down by 0.3 percent from the same quarter last year due in part to currency headwinds. The division includes the Japanese group’s vision care materials along with other product categories such as oral care ...
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News briefs
US tariffs, currency headwinds weigh heavily on TOG’s Q2 performance
Thai Optical Group (TOG) revenue dropped by 8.2 percent year on year to 877 million thai bath (€23.2m) in Q2, with all key markets reporting declining sales. Sales in North America and EMEA were down by 2.3 percent versus Q2 2023, while steeper declines were reported for Asia-Pacific (-23.3 percent) ...
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News briefs
Higher average ticket sales drive Zoff’s double-digit topline growth
Japanese retail group Zoff H1 revenue amounted to 24.0 billion yen (€140m), up 10.1 percent from the previous year. Domestic sales, which account for 98 percent of the group’s total business, rose at the same pace, while the marginal overseas revenue was up 7.0 percent. In Q2, total sales increased ...
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News briefs
Specsavers to invest £5m in UK lab to support growing domestic sales
Specsavers has announced that it will invest £5 million (€5.8m) in its Vision Labs lens production unit in Worcestershire, UK. The two-year investment plan is aimed at increasing production capacity from 140,000 to over 200,000 lenses per week and upgrading the site’s environmental performance through reduced water and increased electricity ...
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News briefs
Carl Zeiss Meditec Q3 revenue up 3.5%, but US tariffs and dollar pinch
Carl Zeiss Meditec consolidated revenue for the quarter ended June 30 (Q3) increased by 1.9 percent year on year to €549.6 million, or by 3.5 percent at constant exchange rates. Q3 revenue from the Ophthalmology unit inched up by 1.6 percent at constant rates to €442.9 million while Microsurgery sales ...
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News briefs
Menicon flattish in Q1 as dailies sales uptick offsets orho-k slump
Menicon vision care sales inched up by 0.6 percent year on year to 30.2 billion Japanese yen (€176m) in the first quarter of the company’s FY2025-26, as a good performance in the daily contact lenses category offset a double-digit drop in ortho-k revenue. In constant currencies, the division’s topline was ...
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ArticleWarby Parker upgrades outlook after strong Q2, ends home try-on service as door count hits 300
Three months after having revised its full-year outlook slightly down due to the US tariffs uncertainty, Warby Parker has just amended it upward, slightly again, following a solid Q2 performance with accelerated growth and higher profitability. The DTC eyewear brand is now expecting sales of $880 million to $888 million ...
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News briefs
Alcon to acquire ICL eyewear surgery specialist for $1.5bn
Alcon has announced the acquisition of STAAR Surgical, a California-based refractive surgery company that specializes in Implantable Collamer Lenses (ICLs), a light surgery technology aimed at patients with moderate to high myopia, with or witout astigmatism. The group will purchase all outstanding shares of STAAR at a 51 percent premium ...
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ArticlePrice hikes, sales mix boost National Vision in Q2, largely offsetting slightly lower consumer traffic
National Vision raised its guidance for fiscal 2025 for the second consecutive quarter after its Q2 revenue from continuing operations increased by 7.7 percent year-on-year to $486.4 million, accelerating significantly from Q1 (+5.7 percent). The group ended the reported period with 1,240 stores, up 2.0 percent compared with a year ...
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ArticleTVC sees potential link between latest US eyewear purchase trends and tariffs uncertainty
A higher proportion of US eyeglasses consumers tended to limit the amount of their out-of-pocket expense when purchasing glasses, lenses or frames in calendar Q2, The Vision Council’s latest Consumer Insights report showed. In detail, 41 percent of US consumers spent less than $100 on their in-store eyeglass ...
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News briefs
Former Zeal Optics, Maui Jim executive to steer European sunglass brand US push
Benjamin Peters, former President of Zeal Optics and VP of Regional Sales for Maui Jim in the US, is taking on a new role as VP of Sales and Development for VALLON, a Dutch-based brand of sunglasses and goggles. VALLON said that Peters’ appointment underscored its commitment to accelerate growth ...
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News briefsNational Vision refreshes brand identity
National Vision has unveiled its new brand identity, developed in collaboration with VML, a global communication agency. The US optical retail group said that the refreshed branding, symbolized by the eye’s iris, embodies its focus on simplicity and accessibility and reinforces its core mission in eye care. The group’s retail ...
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News briefs
Kits Eyecare posts 31% sales hike and solid margin progression in Q2
E-tailer Kits Eyecare continued to grow at a fast pace in Q2 as revenue increased by 31.0 percent year over year to 49.6 million Canadian dollars (€31.1m). The strong quarterly sales increase was partly driven by a record number of new customers at 111,300 or 54.6 percent more than in ...
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