Friday, August 7, 2020 12:30 AM
DULUTH, Ga.—Noting the impact of COVID-19, National Vision Holdings Inc.
(NASDAQ: EYE) on Thursday reported that sales in its second quarter decreased 39.5 percent to $260.0 million from $429.5 million, with negative comparable-store sales growth of 44.7 percent (on an adjusted basis, comparable-store sales were negative 36.5 percent). However, in June, National Vision said a recovery began across its network as shown by the comparable-store sales growth of 14.3 percent (adjusted comparable-stores sales growth was 19.3 percent), the announcement noted.
Thursday, August 6, 2020 12:27 AM
SCHIPHOL, the Netherlands—GrandVision NV
(Euronext: GVNV) reported Wednesday that its revenue declined 26.4 percent at constant exchange rates in the first half, and fell 47.5 percent in the second quarter of 2020. The international retailer, which operates the For Eyes optical banner in the U.S. market, cited the impact of store closures related to the coronavirus pandemic as the key factor in the lower sales. Comparable revenue declined 29.1 percent in the first half and 49.3 percent in the second quarter, the company’s announcement noted.
Thursday, August 6, 2020 12:24 AM
BOCA RATON, Fla.—Healthy Eyes Advantage Inc.
(HEA) cited a robust response by the company’s membership to its offer of no-cost legal advice from health care regulatory compliance attorney Kyle Haubrich during the COVID-19 pandemic, with more than 1,800 HEA members having taken advantage of the COVID-19 related free legal advice.
Tuesday, August 4, 2020 4:05 PM
NEW YORK—Among the many challenges and difficulties that ECPs are tackling on a daily basis involves selecting the optimum cleaning technique for exam chairs. While there seem to be several opinions and options—some cleaners apparently are not compatible with the materials of the chairs—no real consensus has emerged to solve this COVID-19 challenge, according to various posts on social media.
Monday, August 3, 2020 11:06 AM
In the U.S., you will see that what was once perceived as a luxury block in any major city is no longer exclusively luxury. We will see an extension of what happened in 2008 and 2009, which left American consumers shifting toward value more aggressively.
Monday, August 3, 2020 12:30 AM
(Reuters: ESLX.PA) posted revenue of €6,230 million for the six months ended June 30, 2020, down 29 percent at both current and constant exchange rates, compared to first-half 2019 revenue.
Monday, August 3, 2020 12:27 AM
PADUA—The board of directors of Safilo Group
has reviewed and approved the financial results for the first half of 2020. While H1 2020 results were impacted by COVID-19 and the disruption of sales in April and May, Safilo Group reported that it saw an initial business recovery in June, which was more significant in Europe.
Monday, August 3, 2020 12:24 AM
NORTH CHICAGO, Ill.—AbbVie
(NYSE:ABBV), which completed its planned acquisition of Allergan on May 8, reported Friday that its worldwide net revenues in the second quarter totaled $10.4 billion, an increase of 26.3 percent on a reported basis..
Friday, July 17, 2020 10:30 AM
WASHINGTON—Retail sales rose in June, seeing both a monthly increase and their first year-over-year gain since early in the year as more retailers and other businesses closed by the coronavirus pandemic reopened, but continued COVID-19 outbreaks remain a threat, the National Retail Federation said on Thursday.
The U.S. Census Bureau
said today that overall retail sales during June were up 7.5 percent seasonally adjusted from May and up 1.1 percent year-over-year. That follows an 18.2 percent month-over-month increase in May and marks the first time government retail sales numbers have seen a year-over-year gain since February. Retail sales have been climbing back upward after a record 14.7 percent drop in April, the first full month that most stores were closed.
“June’s numbers show that retail spending is fueling the economic recovery,” NRF Chief Economist Jack Kleinhenz said. “How durable the improvement in retail spending will be is directly related to how widespread the resurgence in COVID-19 cases becomes. All eyes are on the infections that are accelerating in many parts of the country and they pose a serious threat to recovery.”
Friday, July 17, 2020 12:18 AM
DULUTH, Ga.—National Vision Holdings, Inc.
announced plans to grant a special cash bonus to frontline associates and doctors. A one-time $250 bonus will be given to all patient-facing and customer-facing associates and the company’s network of doctors in recognition of their hard work toward safely serving patients and customers.
Tuesday, July 7, 2020 12:27 AM
MILAN – After what it describes as a “reassuring 2019” business year, based on exports, production and jobs, the advent of the coronavirus pandemic has created a “grim 2020 outlook” for the Italian eyewear industry, per a new report recently issued by ANFAO
the Italian eyewear association. Against the backdrop of a challenging 2019 in the global economy, ranging from Brexit-related concerns and trade tensions with China, the Italian eyewear industry recorded a relatively stable year of increases in value and units, according to ANFAO.
Tuesday, June 23, 2020 12:30 AM
SCHIPHOL, The Netherlands—GrandVision NV (EURONEXT: GVNV), the international optical retail group, said Monday that it has obtained an additional liquidity facility of €400 million as well as an amendment to its existing (2019–2024) €1.2 billion revolving credit facility (RCF).
Thursday, June 18, 2020 10:00 AM
From practical UV eyewear sterilizers to supportive credit terms and a generous promotion on their latest sunglass collection, independent British eyewear brand William Morris London said they are gearing up to proactively support opticians as they return to practice. “As early signs of optimism return, we understand that our partners may face many challenges when they return to their practice”, said founder and creator Robert Morris, “so we have identified the most practical solutions to help business to still thrive despite new social distancing measures.” Read More
Thursday, June 18, 2020 12:27 AM
, the recently launched digital platform designed to help eyecare providers navigate the implications of the COVID-19 pandemic on their businesses, has announced the establishment of an official advisory board. Comprised of eyecare providers and vision community leaders, the advisory board will provide expert insight and feedback to the ReopenEyecare.com board of directors with the intention of improving the functionality of the website.
Thursday, June 18, 2020 12:24 AM
NEW YORK—A major re-examination of its business in mid year of 2019 and subsequent investments in several new technologies, new types of communications with patients, and a rebranding which included its physical stores and its overall marketing and social media, helped Utah's optical retail leader, Standard Optical
, as last year was ending and 2020 was beginning. Then the coronavirus pandemic hit.