The latest news and analysis on omnichannel retail and distribution changes.
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.
Amazon enters the prescription eyewear segment in Germany
After years of rumors and speculations, the e-commerce behemoth is entering the prescription eyewear market for good, starting with Germany, where its subsidiary announced earlier this week that it has started selling prescription eyeglasses.
Kits CEO: 'We are building an eyewear business for the customer of tomorrow'
On its Investor Day last September, Kits Eyecare concluded its presentation with a bold and somewhat cryptic claim: “Setting our sights on 500 in 5.” This made for an obvious first question when we had to opportunity to sit down with Roger Hardy, co-founder and CEO of the Canadian-based pure ...
Switching to a direct distribution model, Revo announces several appointments in Europe
As part of its switch to a direct distribution strategy worldwide, Revo has announced several appointments of seasoned managers in key European markets.
Zoff first public financial results show double-digit growth pace and higher margins
Reporting its financial results for the first time since its Initial Public Offering (IPO) last month, Japan-based retail group Zoff has announced a 11.8 percent year-on-year hike in revenue to 33.6 billion Japanese yen (€255.5m) for the first nine months of fiscal 2024. For the third quarter alone, total sales ...
Japan optical retail market value inch up on cautious price hikes
The IOFT eyewear trade show, which took place in Tokyo from Oct. 15 to 17, was the opportunity for us to assess the dynamics of the Japanese eyewear market, in collaboration with Gankyo Publishing, a local B2B eyewear publisher and research company.
Solid organic growth and US acquisitions keep Fielmann in double-digit growth gear
International markets have come to account for over a third of the German-based optical retail group. The US is already the second-largest market for the group, with annual sales projected at over €250 million.
Zenni, Eyebot using automation to remove eye-test obstacles
The companies have teamed up to field eye-scanning kiosks.