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ZEISS Group reports 8% revenue hike but lower margins for fiscal 2023/24
The German group revenue uptick was largely driven by its semiconductor business as all other segments slowed down.
How brick-and-mortar focus and vertical integration are driving JEH profitability
Upgrading its full-year outlook, the Japan-based retail group is now forecasting a 19 percent topline growth and a 31 percent operating margin. We ask JEH’s CFO about the drivers behind the group’s fast growth.
Carl Zeiss Meditec posts revenue and margin declines for fiscal 2023/24
Carl Zeiss Meditec has reported revenue of €2,066.1 million for its 2023/24 fiscal year, down by 1.1 percent in reported terms versus 2022/23. In constant currencies and adjusted from the effects of the acquisition of DORC, a company specializing in retinal surgery, total sales declined by 4.8 percent.
Sun Hing loss widens in H1 despite solid ODM sales
The Hong Kong-based manufacturer stressed that lower selling prices and keen competition weighed on the profitability of its core ODM unit.
EssilorLuxottica’s M&A program gets an early start into the new year
EssilorLuxottica is acquiring Pulse Audition, a French-based startup specializing in AI-driven hearing-aid technology for smart eyewear.
Bliz Eyewear launches rebranding after EssilorLuxottica takeover
A specialist in sports eyewear, ski goggles and helmets, the Swedish brand Bliz Eyewear was acquired by the EssilorLuxottica Group in January 2024, joining the company’s sports portfolio and adding a new entry-level price point. This portfolio also includes the sports eyewear brands Oakley and Costa.
Bausch Health confirms it is exploring Bausch + Lomb sale
Pressed by the Canadian financial watchdog due to the high volatility of its stock price, Bausch Health has officially confirmed that it was actively looking at diversting its eye care subsidiary.
HOYA acquires Deutsche Augenoptik
Deutsche Augenoptik (DAO) is a German-based wholesale company supplying lenses, equipment and eyeglasses to opticians, optometrists and ophthalmologists, with a strong market penetration in the independent optical distribution channel.
Fittingbox adds 3D viewer function to virtual try-on
The French-based IT company Fittingbox is enhancing its virtual try-on (VTO) software with 3D Viewer, a new functionality that enables online eyewear shoppers to look at a frame from every angle, rotating it and zooming in and out on specific parts for a more detailed view. They can also switch ...
Zenni adds contacts lenses
Zenni Optical, the online eyewear retailer, has added contact lenses to its selection. So far it is selling contacts from CooperVision and Bausch + Lomb but promises more to come. Customers can make their purchases daily, bi-weekly or monthly. First-time customers for contacts will receive a discount of 20 percent ...
Two top-ten German optical retailers join forces to take over Edel-Optics
Optiker Bode and ROTTLER, two family-owned and historical optical retail chains respectively based in Hamburg and North Rhine-Westphalia, are joining forces to take over Edel-Optics, an online optical retail pionneer in both Germany and Europe. Founded in 2009, the company had filed for insolvency proceedings in February.
Krys joins the second-hand market
Krys has become the exclusive lens supplier for Seecly, the online marketplace for the sale of second-hand, reconditioned or old frames.
UK optical retail market still below pre-COVID level, GfK finds
According to a GfK market report commissioned by the UK’s Optical Suppliers Association (OSA), the number of optical frames sold by optical retailers in the country is on track to reach 12 million units this year, with an average retail price of £78 (€95). “They have never recovered to pre-Covid ...
The Baltic eyewear market rebounds, but long-term outlook is vague
The eyewear market in the Baltic countries has significantly rebounded after a dip in 2020, with large retail groups increasing their market share. However, challenges related to the region’s depopulation remain.
Volume and price effects propel the French optical market over the €8 billion mark, report says
According to the latest report by the French national research and statistics office (DREES) on healthcare expenses in the country, the French optical market value jumped by 8.0 percent in 2023, topping €8 billion for the first time. It has grown by almost 30 percent since 2023. Optical expenses accounted ...
US optical market Q3 data confirms consumers preference for budget-friendly options
Sales of prescription products and reading glasses in the US increased in volume from Q2 to Q3 2024, but they slightly declined in value according to the latest iteration of The Vision Council’s Market Insights report. This confirms that American consumers are increasingly opting for budget-friendly options according to the ...