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 ...
Warby Parker expects sales momentum to continue, unveils Target partnership
Warby Parker is looking for its sales growth momentum to continue in 2025, as it targets a further 14-16 percent increase in its top line and 45 new store openings, including five shop-in-shop stores at Target that will make their debut in the second half of the year as part ...
National Vision remains in the red in Q4, aims for more managed care business
Sales from continuing operations were up by 3.9 percent versus 2023 to $437 million in Q4, but operating losses widened.
Zoff sales and margins significantly up in FY24
Total revenue increased at a double-digit pace in 2024, thanks to new store openings, higher volumes and a more favorable price mix.
Mitsui builds new MR factory to tap growing high-index lens demand
Mitsui Chemicals’ Life & Healthcare division revenue increased by 17.9 percent for the first nine months of fiscal 2024/25 to 206.6 billion Japanese yen (€1.3bn), accelerating slightly in Q3. The business unit includes Mitsui’s ophthalmic lens materials, but also other product categories such as agrochemicals or nonwovens. The company does ...
Synsam posts double-digit Q4 growth, hits record Ebit in full year
The Nordic retail group’s performance was again driven by its spectacles subscription plans whose annual sales increased by 13 percent year on year to account for 53 percent of total group revenue.
Bausch + Lomb sees double-digit contact lens sales growth, developing biomimetic lens
Bausch + Lomb reported contact lens sales of $247 million in the fourth quarter of 2024, up by 11 percent compared to the year earlier and 13 percent higher at constant currency rates. Growth was driven by the continued strength of its daily disposable silicone hydrogel contact lenses and was ...
Electronics blue light specialist steps into eyewear, aims to establish new standards
Partnering with global consumer electronics brands such as Dell, HP or Samsung, Eyesafe has focused until now on devices for its blue light products. The company is now entering the eyewear market in the US with a wholesale and direct-to-consumer approach.
Eyewear consumers seek value for money, digital channel gains importance but stores resilient
Consumers are still facing a challenging economic situation in Europe and the US, with “value for money” now being the priority for many people purchasing eyewear, according to an analysis of consumer trends in the eyewear markets of the US, Italy, France and Germany carried out by NIQ GfK in ...
Menicon modest Q3 growth driven by price revisions
Sales of one-day and monthly contact lenses, as well as lens care products were up mid-single digit, but ortho-k sales dropped in the quarter as competition intensifies in a stagnant Chinese market.
MIDO announces 9% attendance increase to 42,000 visitors
The number of visitors from Europe, North Africa and Latin America significantly increased, while North American participation was stable. DEI and sustainability remained in focus.