All Eyewear Intelligence articles in Volume 24 No. 9+10
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Eyewear Intelligence: Vol 24 - No 9+10
German market inched up in 2022 despite lower eyeglass purchases | Essilux picks up speed in Q1, progresses on GV integration | Fielmann draws path to 2025 revenue and profit targets | Fielmann sees 15% topline growth, improved profitability in Q1 | Maui Jim integration adds to Kering Eyewear 11% comparable growth for a strong Q1 | Growth in Europe and RoW offset declining U.S. sales for Safilo in Q1 | Good year overall for Marcolin but debt cost dampens profitability, sales momentum confirmed in Q1 | H2 slowdown weigh on INSPECS results for 2022 | European soft contact lens wholesale market up double-digit in 2022 | Vuzix opens European HQ, banks on OEM platform for consumer smart eyewear | Visottica moves forward with external growth strategy with Ideal acquisition | Italy issues €50 contribution for purchase of eyeglasses, contact lenses | France sees five-year rise in annual healthcare expenses
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News briefs
HOYA reports strong Q4
Hoya Corporation released earlier today its financial results for Q4 and the full year at the end of March 31. Revenue from the Life Care business unit jumped by 18 percent year-on-year in Q4 to 125 billion Japanese yen (€839 m), an increase of 11 percent at constant exchange rates. ...
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European soft contact lens wholesale market up double-digit in 2022
Euromcontact, the European federation of national associations and international contact lens manufacturers, calculated that total sales of soft contact lenses to eye care professionals (ECP) increased by 13.1 percent year-on-year to €2,079 million last year in the 30 countries researched in 2022. The list includes mostly European countries but also ...
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News briefs
MPG’s retailer Optik Hallmann sales up 30 percent in 2022
MPG has announced that its Optik Hallmann retail chain, which operates over 100 optical shops and 50 acoustic studios across Germany and Denmark, increased its revenue by 30 percent last year versus 2021. The company did not communicate the actual sales figure but said it sold more than 160,000 frames ...
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News briefs
HOYA Vision Care launches myopia education website
HOYA Vision Care launched at the end of April a new myopia education online platform for ophthalmologists and optometrists worldwide. The website aims to provide continuing education and share the latest developments in myopia management, including evidence-based research, insights and knowledge from various sources, including experts from the World Society ...
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Growth in Europe and RoW offset declining U.S. sales for Safilo in Q1
Safilo Group has reported mixed results for the first quarter of 2023 as revenue increases in Europe and emerging markets were offset by declining sales in North America, the company’s largest market. Operating profits remained stable year-on-year. As shown in our table below, total quarterly revenue reached €287 million, down ...
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News briefs
Bausch + Lomb reports 5% increase in Q1 contact lens sales
Bausch + Lomb generated first quarter sales of its contact lenses totaling $226 million, up by a reported five percent compared to the year earlier and 10 percent higher at constant exchange rates. Growth was underpinned by strong sales of the Infuse/Ultra One Day daily disposable silicone hydrogel contact lenses ...
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News briefs
Zenni has sold 51 million pairs of glasses since launch
In a blogpost celebrating the 20th anniversary of the company, U.S. online optical retailer brand Zenni said that it has sold over 51 million pairs of glasses since its launch. The company added that its sales increased by 15 percent in 2022 compared with 2021 and that more than 60 ...
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News briefs
National Vision gives a nod to mental health
In recognition of Mental Health Awareness Month, National Vision has released a new limited edition of 24 frame models, in a variety of shapes and colors, some with a two-tone design, all with an icon of the month’s symbol, a green ribbon. The line is called See Inside, and the ...
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Article
Good year overall for Marcolin but debt cost dampens profitability, sales momentum confirmed in Q1
Following the announcement of its preliminary results at the end of March, the Marcolin group released more detailed information on its performance in the last year during its shareholders’ meeting at the end of last week. The company confirmed a 20.2 percent year-on-year jump in reported revenue to €547.3 million ...
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Article
H2 slowdown weigh on INSPECS results for 2022
INSPECS has reported $248.5 million in revenue for 2022 – up by less than 1 percent year-on-year – and reduced profitability, as challenging market conditions, currency headwinds and difficulties at its Norville unit weighed on the U.K.-based group’s business, particularly in the second half of the year. Total sales, however, ...
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Article
Fielmann draws path to 2025 revenue and profit targets
Along with the publication of positive Q1 results (see our other article), Marc Fielmann, CEO of the Fielmann Group, presented yesterday during a press conference the key figures for the retailer’s business in 2022, its outlook for 2023 and an update on its Vision 2025 strategic plan. As already reported ...
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Article
German market inched up in 2022 despite lower eyeglass purchases
The Zentralverband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists, has released its annual report on the German market for last year. The release was accompanied by a general sense of relief as, after it was feared that the market would fall into recession in the ...
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News briefs
A German contact-lens portal
The Spectaris Contact Lens Circle and an industry initiative called Kuratorium Gutes Sehen (KGS) have set up an internet portal to persuade wearers of glasses to try contact lenses. The German website (kontaktlinseninfo.de) is described as comprehensive and neutral with respect to brands and manufacturers. It reviews the full range ...
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Article
Fielmann sees 15% topline growth, improved profitability in Q1
The Fielmann Group has reported a solid rebound in revenue for the first quarter of 2023 as sales increased at double-digit rates across all market. The results were presented at a press conference yesterday where Marc Fielmann, CEO, and Alexander Zeiss, CFO, also gave an update on the retailer’s Vision ...
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News briefs
Overview of Silmo Singapore first edition
Silmo Singapore – ASEAN Optical Fair, held for the first time on April 12-14 at the Suntec Singapore Exhibition and Convention Centre, drew some 250 international and local brands from 15 countries and 2,175 professionals, optometrists, dispensing opticians and buying groups from 44 countries. About half of the attendees were ...
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Italy issues €50 contribution for purchase of eyeglasses, contact lenses
Italy is issuing a €50 voucher or reimbursement for the purchase of prescription eyewear and contact lenses for low-income people who request the contribution on a new digital platform. Individuals can ask for the “Bonus Vista” starting May 5, while eyewear sellers have been able to register stores participating in ...
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News briefs
Oliver Peoples partners with Federer on co-branded eyewear
Oliver Peoples, a brand of EssilorLuxottica, has signed an exclusive licensing agreement with Roger Federer for the design, manufacture and worldwide distribution of co-branded eyewear under the RF - Oliver Peoples’ name until 2025. The first collection will be available in the spring of next year.
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News briefs
Mister Spex wins “Store of the Year” award
Source: Mister Spex Mister Spex’s flagship store in Cologne has been named “Store of the Year” by the German Retail Association (Handelsverband Deutschland e.V., or HDE). The two-floor, 400-sqm shop opened in December and was designed by the dan pearlman Group – designer also of the first ...
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Article
Maui Jim integration adds to Kering Eyewear 11% comparable growth for a strong Q1
As expected following the integration of the Maui Jim business into the company’s results since October last year, Kering Eyewear revenue jumped by 44 percent year-on-year in the first quarter of 2023 to €433 million. On a comparable scope basis, the eyewear unit of the French luxury group posted a ...