By Staff
Wednesday, November 20, 2019 12:25 AM
In their effort to protect the environment, the Italian Government has introduced new rules for optical frame manufacturers in Italy. The laws were passed in April 2019 and every manufacturer in Italy has to comply with them. This is having a major impact on the eyewear industry.
By Staff
Tuesday, November 19, 2019 11:23 AM
A new whitepaper by
Juniper Research, “New Technologies Empowering Seamless Eretail,” notes that the retail market has undergone a radical transformation which has been driven by an increasing focus on consumers. Indeed, shoppers are now everywhere: in stores, online or both at the same time by checking the latest deals on their smartphones or tablets. This has put a crucial emphasis on customer convenience; forcing retailers, both in store and online, to offer more seamless and frictionless shopping experiences coupled with omnichannel payments. According to Juniper Research, by the end of 2019, eCommerce will have a significant role to play with 44 percent of the global population purchasing physical goods and 27 percent purchasing digital goods sales.
By Staff
Tuesday, November 19, 2019 12:25 AM
From November 13 to 24, the prestigious Casa dei Tre Oci will host, inside the Sale De Maria, the photographic exhibition #VeneziaAllOpera, a project that shows 14 historical realities of the Venetian craft tradition through the eyes of two young talents: Giovanni Genzini and Alberto Papagni. The exhibition is promoted by Lozza, the historic eyewear brand of De Rigo Group.
By Staff
Tuesday, November 19, 2019 12:21 AM
NEW YORK—
Authentic Brands Group and
Electric Visual Evolution have announced a global partnership for
Volcom eyewear. Under the agreement, Electric will design, develop, produce and distribute both eyewear and snow goggles for the lifestyle brand. The first collection of Volcom Eyewear will debut in 2020 at Volcom stores, key departments stores and action sports specialty accounts worldwide, as well as online on Volcom.com. A company spokesperson told VMail that the collection will include prescription sunglasses, but there are no plans for optical channel distribution or optical frames at the moment. Southern California born, Volcom’s lifestyle brand is rooted in art, music, film and board sports.
By Staff
Monday, November 18, 2019 2:56 PM
Self-care,
skincare,
wellness: the trends that have captured the mindshare, and wallets, of U.S. women are inching their way into the world of men’s grooming, according to a
recent post by Stella Rising blogger
Elizabeth Timmis.
Per Mintel, nearly half of men feel that self-care fuels their overall well-being, and the growth in their personal care products exemplifies that. This industry is expected to increase 7 percent through 2023, with skincare and haircare flourishing in particular.
By Staff
Monday, November 18, 2019 12:30 AM
NEW YORK—The healthcare industry is being shaken by powerful forces that are creating new forms of competition and transforming patients into consumers who are seeking pathways to wellness that offer convenience, affordability and personalized care. New market leaders are emerging, and established brands are reinventing themselves with fresh approaches and enhanced customer experiences. Doctor-patient relationships are being redefined. How will these transformative changes impact vision care providers and payors? Suppliers? VM’s 14th annual Global Leadership Summit will explore these and other pivotal questions as part of its program, “The Future of Healthcare: Beyond 2020.” Thought leaders and influential thinkers will share their visions of healthcare’s future and discuss how the optical industry can play a broader, more significant role in it. Attendees will take away actionable ideas and practical strategies that will help them compete in today’s consumer-centric business environment.
By Staff
Saturday, November 16, 2019 12:25 AM
FYidoctors | Visique announced on November 7 the acquisition of Grimard Optique — a Quebec-based vision care and retail chain with 22 locations.
By Staff
Friday, November 15, 2019 3:37 PM
NEW YORK—The dollars spent on TV advertising in the United States will drop almost 3 percent this year, but will recover with a 1.0 percent increase in 2020—due primarily to the 2020 presidential election and Summer Olympics. However, even the bounce back next year will not hold off a long-term decline for ad spending on the biggest traditional advertising channel, according to a report from
eMarketer.
According to eMarketer’s latest U.S. advertising forecast, TV ad spending peaked in 2018 at $72.4 billion.
This year, TV ad spending in the U.S. will decline 2.9 percent to $70.3 billion, according to the eMarketer report. That means its share of total ad spending will drop below 30 percent for the first time. By 2022, TV’s share of the advertising market will drop below one-quarter of total U.S. ad spending, the research firm predicted.
TV spending will get a slight bump next year, due to political advertising and the 2020 Olympics. But the uptick will be short-lived, as TV spending will drop 1.0 percent every year thereafter, eMarketer said.
“TV ad growth can be heavily impacted by world events, so it’s possible that spending could return TV to $72 billion again,” said eMarketer forecasting director Monica Peart. “But it is unlikely that it will exceed that going forward, as ratings and viewership declines accelerate.”
By Staff
Friday, November 15, 2019 9:12 AM
VM explores specialization trend for ECPs, a public health initiative on diabetes, Safilo reports financial momentum, Zoppas is optimistic about Thélios and an expansion for Acuity Eyecare Group all topped this week’s
VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.
By Staff
Friday, November 15, 2019 9:06 AM
PADUA, Italy—
Safilo Group S.p.A. reported that its third quarter financial performance "continued the Group's positive momentum in sales and cost reduction," according to the company. The board of directors reviewed and approved the third quarter and first nine months of economic and key performance indicators yesterday. Angelo Trocchia, Safilo's CEO, commented, “In the third quarter of the year, we continued the improvement of our results, working with determination on those priorities aimed at enhancing our Group’s assets, in particular strengthening our commercial capabilities and enhancing our digital agenda, two areas in which our strategy is focused on the customer and on a continuous and ever closer connection with the final consumer. Meanwhile, we progressed also with actions to improve the efficiency of our production processes and overhead cost structures. The quarter brought significant results. We renewed two strategic partnerships relating to the Boss and Hugo licenses and the supply agreement with Kering Eyewear, and we prepared for the launch of our new licenses — David Beckham, Levi’s and Missoni."