All E-Commerce & DTC articles – Page 6
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News briefs
Mister Spex opens second store in Munich
Mister Spex has recently opened its second store in Munich. The German eyewear retailer has currently 23 brick-and-mortar stores in Germany. The new store covers 80 square meters, stocks more than 680 styles of sunglasses and prescription frames, and offers vision tests and frame adjustments free of charge. Customers have ...
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Article
Richemont enjoys strong demand in China but warns that Covid-19 impact may last
As China has become the bellwether on how fast an economy can recover from the Covid-19 crisis, Richemont pointed out that it is currently enjoying strong demand in the country. Nevertheless, it warned that the impact of the virus on the global economy may last a long time.
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Article
Safilo’s CEO expects Covid-19 to change the way to do business
Angelo Trocchia, the chief executive of Safilo, believes that the Covid-19 pandemic, and subsequent lockdowns worldwide, will spur the digitalization of the company and force it to rethink its business model. The most significant impact could be on the working relationship with wholesale clients.
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Article
Hoya Q4 eyeglass lens sales down 10%, contact lenses more resilient
Like many others, the Covid-19 outbreak has hit Hoya Corporation in its quarterly results. The Japanese group is, however, upbeat on the prospect of recouping from pent-up demand in the eyeglass segment based on signals from China and South Korea, where the pandemic is vaning.
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News briefs
Viu opens common store with Copenhagen Studios in Düsseldorf
On April 24, in partnership with Copenhagen Studios, Viu Eyewear opened its first shared physical stand-alone shop in Düsseldorf, Germany. The 100-square-foor store, which is located on Carlsplatz, offers sneakers and boots from the Copenhagen Studios brand in addition to Viu’s eyewear. The fast-growing Swiss retail chain has decided to ...
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Article
Safilo sees coming weeks as critical to save sunglass season
The coming couple of weeks will be crucial to understanding if the sun season can be saved. If lockdowns are lifted in Europe and the recovery picks up in the U.S. the task can be achieved, according to Safilo.
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Article
Italian eyewear industry reopens amid hopes that demand will pick up
Despite having had the right to operate stores during the industry lockdown that is now being lifted in Italy, as eyeglasses were considered an essential medical device, the Italian eyewear industry has remained largely closed for lack of demand.
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Article
GrandVision’s April sales down over 80% due to Covid-19
GrandVision suffered a drop of more than 80 percent year-on-year in revenues in the month of April, after already registering a severe decline in March, due to the lockdowns and restrictions caused by the Covid-19 pandemic. Because of social distancing, moreover, the optical retailer does not expect a rapid recovery ...
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Article
EssilorLuxottica’s Q1 sales drop by 10%
EssilorLuxottica’s first-quarter revenues were down by 10.1 percent from the year-ago quarter to €3,784 million, or by 10.9 percent in constant currencies, due to the impact of the Covid-19 pandemic. But, the company is confident that pent-up demand will underpin sales when the crisis is over. Thanks to its financial ...