With close to 100 new stores in 2024, KRYS GROUP consolidates its market leadership in France
Driven by a record number of new store openings, KRYS GROUP has announced that it consolidated its market leadership in the French optical market last year, lifting its market share to 18.4 percent versus 17.0 percent in 2023. The voluntary group also stressed its sustained development over the last twelve ...
France drove Q2 revenue 3% uptick for Afflelou but Spain grew at a faster pace
Afflelou Group has reported total network sales for the second quarter of its 2025 fiscal year that have increased by 3.3 percent to €238.8 million, indicating a deceleration from the previous quarter (+5.8 percent). For the first six months of the year, total sales were up by 4.5 percent to ...
Sustained growth in the Polish eyewear market partly driven by e-commerce boom
Eyewear retail sales rose by 8 percent year on year to 3.6 billion Polish zloty (€870m) last year and are expected to keep growing significantly in 2025.
Optic 2000 revenue flattish in 2024
Total group revenue was up by 1.1 percent year on year to €1,308 million last year, with sales of flagship banner Optic 2000 inching up by 0.6 percent.
Multiparty closed-loop waste recycling program for luxury eyewear kicks off in Italy
Gruppo MAIP, an Italian-based supplier of thermoplastic materials, has announced that it was joining the ReGenesis Protocol, a multi-party recycling program developed for the high-end fashion manufacturing sector. In partnership with Eastman, Gruppo MAIP will supply fully recycled and traceable acetate to eyewear manufacturers participating in this program, for both ...
Annual “smart glasses” market expected to grow to 17m units by 2029, research finds
Units sold jumped by 210 percent year on year to over 2 million in 2024, with Ray-Ban Meta holding a 60 percent market share, according to Counterpoint Research.
JEH forecasts 68% revenue growth by 2030 after strong FY 2025
FY 2024/25 revenue was up by 23 percent to ¥16.6 billion (€103.4m) while operating margin rose sharply, reaching 32.0 percent.
Vuzix beefs up capacity and tech in anticipation of expected smart eyewear takeoff
The production ramp-up was mostly financed through Quanta Computer’s investment in the company. Meanwhile, net losses for the year rose to $73 million, raising the company’s accumulated deficit to $367 million.
Visottica forges close-knit relations with customers and expands into new industries
Rinaldo Montalban, Chairman, discusses the consolidation of the group’s production activities in Italy, its plans for a new factory in Thailand, its sustainability initiatives and the increasing personalization of eyewear components, among other topics.
Safilo confirms FY 2024 results, provides more details on segment and regional performance
The Italian eyewear group revenue slipped slightly below the €1 billion mark in 2024, dragged down by its American business and the sunglasses and sport segments. Margins improved, however, thanks notably to a leaner industrial structure.
China, Mexico and beyond; the US optical sector braces for Trump tariffs storm
US eyewear industry association takes an in-depth look at the present and potential future US import tariffs and their impact on the sector.
CooperVision posts 6% Q1 revenue growth, driven by the Americas amid EMEA and APAC slowdown
The company is maintaining its guidance for a 6.5-8.5 percent sales growth in contact lenses sales as production capacity increase plans are ahead of schedule and expected to pay off in coming months.
Kits Eyecare posts strong sales growth and higher margins for Q4 and FY
Kits Eyecare ended fiscal 2024 with a strong Q4 as quarterly sales jumped by 41.3 percent year on year to 44.8 million Canadian dollars (€28.9m), accelerating from the previous quarter (+34.0 percent). The company said that the quarter was marked by multiple record-breaking weeks – including a C$4.3 million (€2.8m) ...
Fielmann 2024 sales up 15% on organic growth and US add-on, margins also up
The German-based retail group’s total sales reached €2.3 billion last year, with US acquisitions and organic growth equally contributing to the double-digit uptick. An improved sales mix also helped to deliver higher margins.
TOG sales inch up in Q4, solid FY growth driven by Americas, RX business
Thai Optical Group (TOG) Q4 revenue inched up by 1.4 percent year-on-year to 842 million Thai baht (€23.6m), slowing down sharply from the previous quarter and the first nine months of fiscal 2024. The quarterly growth was almost fully attributable to the Americas market where sales increased by 12.9 percent ...