DOCSLIB.ORG

BBG Jan 2014

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
BBG Jan 2014 BlockBuster1213SK:Layout 1 12/18/13 11:08 AM Page 1 VOL. XXXIX NO. 1 JANUARY 2014 Practice Management and Purchasing Services for Independent Eye Care Professionals BBG Bottom Line Block Notes What’s Your Value Proposition? t’s the new year, with all of its hope and prom- hat sets you apart from the competition? Many eye care professionals will say Iise for greater productivity, efficiency and prof- Wthat it’s the quality of their products and professional services. So while you are itability before us. The Block Business Academy not trying to compete on price, it’s still important for you and your staff to under- by the Beach provides an opportunity to help stand how to articulate the value of the services and products you provide. you realize those goals with top-quality educa- Your optical dispensary provides continuity from the start of the process to tion for eye care professionals and staff mem- the end. Unlike a chain, the eye care professional or staff member who helps with bers. The continuing education covers clinical frame selection and measurements will likely be the one who dispenses the final eyewear. It is important to explain to patients that their measurements are cus- education as well as practice management Michael Block hours. In addition, Block Business Group ven- tomized and personalized at a higher level. You back up the product, and in fact, dors will be on hand with tremendous purchasing opportunities— provide free service for the useful life of the eyewear. and members have a chance to share business strategies in a There’s tremendous value in that kind of service—but that value must be made relaxing atmosphere. apparent to your customers. Make sure that you make your patients aware of the If you haven’t registered yet, there’s still time to join us on Jan. personalized professional service you provide. 24-26 at the Boca Raton Resort & Club. Visit blockbg.com and click Similarly, you need to know how to promote your products. What makes a on the meeting logo on the main page to learn more and register. high-end or luxury frame better than a value-priced frame? Provide your patients Reserve your spot today for this terrific meeting. You’ll be glad you and customers with an education on the components of a quality frame, including did. BBG the materials, the craftsmanship and the detailing. Ideally, customers buy from your optical—but for those who want to shop around, make sure they know what to look for in well-designed frames and quality lenses. Finally, help customers understand that designer eyewear is an affordable lux- ury. A pair of designer eyewear or sunwear is often quite a bargain compared to a jacket or handbag from that same designer. BBG Thanks to the Exhibitors top by and thank the exhibitors who are supporting Block Business Sign up for BlockBusters Online Academy by the Beach as of the printing of this newsletter. BBG S he monthly BlockBusters ABB OPTICAL GROUP Inside Software/ Precision Optical Group/ Tis now online, too, with Briot/Visionix My Vision Express Central Optical more late-breaking news and CareCredit Kenmark REM Eyewear expanded content. You can see the electronic edition online at blockbg.com or ClearVision Lafont Safilo send your email to [email protected] to be added to the electronic distribution. Also check out Block Business Group on Facebook (facebook.com/BlockBG) CooperVision Luxottica Shamir and answer our monthly quick poll question. BBG Cynergy Luzerne Silhouette Essilor Marchon Smith Optics Excel Marcolin Tura Fashion Optical Displays Morel Eyewear WestGroupe BLOCK BUSINESS GROUP Fatheads Nassau Vision Group Zeiss P.O. Box 310720 • Boca Raton • FL • 33431-0720 Hoya Zyloware (800) 524-1480 • Fax (561) 893-9231 www.blockbg.com • [email protected] Elite Vendor News ProDesign Denmark Adds to Essential Line Aspex Offers Three New Styles our new styles from ProDesign Denmark spex has added the EC322 to its Easy- Ffeature colorful frames in classic shapes. AClip line. The ladies’ metal, semi-rimless Each style has three-layer acetates on the style features Swarovski® Crystals and fronts and temples, but the layer structure spring hinges. The addition to the EastTwist has been reversed and cut on the temples to line is the CT 215, a men’s metal with create a more exciting look. There are two memory metal bridge and the 360º Tur- women’s boflex styles, one hinges. unisex style The lat- and one male est in style, all suit- the able for pro- Takumi line is the TK946, a women’s metal, gressive semi-rimless style with plastic temples and lenses. spring hinges. Continued on next page For more information on any program mentioned here, visit blockbg.com or call your Block Business Group customer service representative at 800-524-1480. BlockBuster1213SK:Layout 1 12/18/13 11:08 AM Page 2 2 Elite Vendor News WestGroupe Adds to EVATIK EYEWEAR Altair Kicks off 2014 Releases from JOE Joseph Abboud -9089 is a full-rim style constructed from handmade OE Joseph Abboud EMazzuchelli acetate. Polished to a high-gloss finish, JEyewear releases a the striped acetate is reminiscent of a luxurious Italian collection featuring four silk tie. A metal end cap on the temple and end piece styles with sleek de- provides a clean finish to the look. This model is avail- JOE4028 has thin temples signs and linear details JOE4030 is a subtle, milled able in olive brown, burgundy gray and brown blue and in size 55-17-145. that feature engraved lines, applied to the temples metal combo with a precisely mimicking the pinstripe detail for an overall sports- styled interior temple. of a tailored suit. inspired aesthetic syn- ® CooperVision Launches Biofinity XR Contact Lenses onymous with the brand. he new Biofinity XR® contact lenses offer an Textension of the popular Biofinity comfilcon A Charmant Adds “Melodies” to the LineArt Collection silicone hydrogel technology, allowing more pa- tients to experience the modern contact lens harmant Group is introducing four new styles to its LineArt collection. Two material and design. The Biofinity XR contact Cstyles expand on the existing Rondo segment, which now offers rimmed lenses combine high oxygen permeability with and semi-rimless all-day comfort characteristics for wearers with styles. Two styles more demanding prescriptions. The Biofinity XR introduce the contact lenses are the only extended range newest segment, monthly contact lenses with Aquaform® Technol- DUO, which fea- ogy, making the lens material highly breathable tures open profiles with double Swarovski ac- L2044 is available in gold white, light so more oxygen reaches the eyes for clearer, cents on twin Excellence Titan filaments. brown, and, shown, pink. whiter, less irritated eyes. The Aquaform Tech- nology also ensures the contact lenses stay nat- urally and uniformly wet and smooth for comfort from the first day to last. Prada Releases Fall/Winter Collections he Prada Fall/Winter ClearVision Optical Promotes Marc Ecko Eyewear T2013 Women’s Eyewear collection from Luxottica he latest release from Marc Ecko Cut & Sew includes a Cinéma Special Collection Project, Teyewear features an assortment of five ad- evoking a retro 40s style, and an Ornate Special venturous yet universally appealing styles. collection, which Model SPR 31P—this rounded From Jan. 2–Feb. 28, 2014, ClearVision cus- boasts precious Ornate model features hand- tomers who buy Marc Ecko Cut & Sew will receive the following: stones that illumi- applied light and dark crystals. I Buy six or more pieces and receive two free frames nate the frames. and two fashionable Marc Ecko Cut & Sew t-shirts (colors: The Prada Fall/Winter 2013 Men’s Eyewear black and white). collection strikes a fine balance by combining I Buy 12 pieces or more and receive three free frames, Model SPR 07Q—the classic Pan- purely classic lines, accentuated by the square two free Marc Ecko Cut & Sew t-shirts and a special GWP item. tos model is reinterpreted in a yet gently rounded shape of the fronts set against cat-eye version. the linear profiles of the temples and lenses. Ogi Eyewear Offers Handcrafted Stainless Steel Styles Safilo Group and Kate Spade, LLC, Introduce Jack Spade gi Eyewear applies its signature channel-setting technique to its metal frames, Osetting organic patterns such as wood, marble and leather flush within the n addition to launching the Jack metal frame. The result is a nearly weightless, slim structure. ISpade men’s sunglasses collection in The 4300 is available in colors from wine to sap- February through top-tier department phire, with textures including granite and wood. Each stores, sunglass specialty retailers and stainless steel combination design is embellished with ta- Jack Spade retail stores in the U.S. and Canada, Safilo and Kate Spade also pered metallic outlining and announced a three-year extension of the current kate spade new york interna- a duo of rivets on the front tional licensing agreement through the end of 2018. and the temples. The 4301 “Jack Spade creates new oppor- is an elegant round frame with delicate details and tunities to enhance the male segment designer touches including the hairline metal rim Spotted of our portfolio that has tremendous around the front and temples as well as the diamond-shaped accents. potential, with a stylish yet timeless, Ogi Eyewear counter cards, logo blocks, large window banners and functional brand that has a sense of branded counter cubes are available. fun,” says Luisa Delgado, CEO of Safilo Group. “Both Jack Spade and Safilo share Silhouette Adds to the Adidas Collection a deep passion for design, quality craftsmanship and attention to detail. he streamlite is part of a collection that can Jack Spade’s entrance into the eye- Tkeep up with the most active consumers wear category with such a regarded in- with its tremendous durability and sporty style.
Load more

Recommended publications
  • Fielmann Ag Company Report
    MASTER IN FINANCE FIELMANN AG COMPANY REPORT EUROPEAN EYEWEAR RETAIL 4 JANUARY 2021 STUDENT: JAN-PHILIP JANSEN [email protected] Fashionable Glasses for Everyone Recommendation: BUY Fielmann Strengthens its Position in the Industry Price Target FY21: 79.01 € Price (as of 3-Jan-21) 66.45 € Our recommendation is to BUY Fielmann AG considering a Bloomberg: FIE target price of €79.01 as of 31.12.2021 reflected in an upside potential of 20.69% (thereof €1.19 expected dividend) to the current 52-week range (€) 41.90-76.25 Market Cap (€m) 5,581 share price of €66.45. Outstanding Shares (m) 84,000 Source: Thomson Reuters EIKON Market trends like an ever aging population, digitalization and industry consolidation set a solid foundation for further sustainable growth. We think Fielmann will be able to re-accelerate top-line growth back to 5%, achieved by a consistent realization of Fielmann’s corporate strategy “Vision 2025”. High Liquidity and strong Free Cash Flows provide sufficient funding for the renovation and internationalization Source: Yahoo Finance strategy. (Values in € millions) 2019 2020E 2021F The COVID-19 pandemic is currently the biggest threat for Revenues 1,524 1,385 1,556 the eyewear industry but at the same time a huge opportunity for EBITDA 410 328 382 EBIT 281 178 244 Fielmann due to its strong financial position. In contrast to other Capex 185 155 215 analysts, we expect Fielmann to be one of the post-crisis winners. FCF 126 118 68 Source: Annual Report 2019, Analyst Estimation We believe that the broad market might underestimate future profitabilty arising from further market consolidation.
    [Show full text]
  • Luxottica (Borsa Italiana: LUX)
    Luxottica (Borsa Italiana: LUX) NOTE: ADRs also trade under “LUX” on the NYSE priced in U.S. Dollars Gross EBITDA EBIT 71% 71% 71% 70% 70% 69% 70% 68% 68% 68% 68% 66% 66% 66% 65% 66% 65% 65% 24% 23% 24% 21% 22% 21% 20% 20% 20% 20% 19% 19% 18% 18% 19% 18% 17% 17% 16% 17% 17% 16% 16% 16% 16% 15% 15% 15% 15% 14% 14% 14% 13% 13% TABLE OF CONTENTS DURABILITY 2 SINGULAR DILIGENCE MOAT 4 Geoff Gannon, Writer Quan Hoang, Analyst QUALITY 6 Tobias Carlisle, Publisher CAPITAL ALLOCATION 8 VALUE 11 Luxottica (Borsa Italiana: LUX) is a Global Maker and GROWTH 13 Seller of Sunglasses and Eyeglasses MISJUDGMENT 15 FUTURE 17 APPRAISAL 20 OVERVIEW NOTES 22 Luxottica is a vertically integrated eyewear company. Although founded in Italy, it now gets much of its sales and profits from the United States. And although founded as a part maker for prescription eyeglass frames (optical glasses) it now gets much of its sales and profits from sunglasses. The company can’t really be referred to as either a producer or a retailer. Luxottica is truly vertically integrated. Last year, 59% of the company’s sales came from its own stores. And much of the products sold in its own stores is produced by Luxottica itself. The two constants in Luxottica’s history have been the focus on eyewear and the leadership of Leonardo Del Vecchio. Luxottica gets 59% of its revenue from sales made in its own stores. Del Vecchio moved to Agordo, Italy in by distributing its own frames.
    [Show full text]
  • Q1 2021 TRADING UPDATE Safilo's Q1 2021 Business Grows Compared to 2020 and 2019
    Press release Q1 2021 Trading Update Q1 2021 TRADING UPDATE Safilo’s Q1 2021 business grows compared to 2020 and 2019: Net sales: +20.0% vs Q1 2020, +6.0% vs Q1 2019 (at constant exchange rates) Adjusted1 EBITDA: Euro 25.8 million, margin 10.3% (2.6% in Q1 2020, 8.1% in Q1 2019) Strong recovery of own and licensed brands, with the new brands in the portfolio effectively compensating the licenses terminated at the end of 2020 Strong growth of the online business, at 13% of the Group’s net sales Significant improvement in profitability driven by sales rebound and now leaner overheads and cost structure Padua, May 11, 2021 – The Board of Directors of Safilo Group S.p.A. has today reviewed and approved Q1 2021 economic and financial key performance indicators. Safilo’s Q1 2021 net sales reached Euro 251.4 million, up 20.0% at constant exchange rates compared to Q1 2020, the first to be hit by the outbreak of the Covid-19 pandemic. More meaningfully, Q1 2021 net sales also grew compared to the same quarter of 2019, up 6.0% at constant exchange rates, thanks to the strong performance of the Group’s own brands and core licenses, and to the significant contribution of the new brands in the portfolio effectively compensating the licenses terminated at the end of last year. The positive sales performance of the period was again largely driven by the United States and by a better than expected contribution from the newly acquired ecommerce business, which, coupled with the growth of Smith’s direct-to-consumer (D2C) channel, boosted Safilo’s total online business to 13% of its net sales from 5.9% in Q1 2020.
    [Show full text]
  • Universita' Degli Studi Di Padova
    UNIVERSITA’ DEGLI STUDI DI PADOVA DIPARTIMENTO DI SCIENZE ECONOMICHE ED AZIENDALI “M.FANNO” CORSO DI LAUREA MAGISTRALE IN BUSINESS ADMINISTRATION TESI DI LAUREA “MERGERS AND ACQUISITIONS AS A WAY TO CREATE VALUE: ANALYSIS OF THE ESSILOR-LUXOTTICA CASE AND HOW THE EYEWEAR INDUSTRY IS CHANGING” RELATORE: CH.MO PROF. ANDREA FURLAN LAUREANDA: FRANCESCA MARTINI MATRICOLA N. 1132489 ANNO ACCADEMICO 2017 – 2018 Il candidato dichiara che il presente lavoro è originale e non è già stato sottoposto, in tutto o in parte, per il conseguimento di un titolo accademico in altre Università italiane o straniere. Il candidato dichiara altresì che tutti i materiali utilizzati durante la preparazione dell’elaborato sono stati indicati nel testo e nella sezione “Riferimenti bibliografici” e che le eventuali citazioni testuali sono individuabili attraverso l’esplicito richiamo alla pubblicazione originale. Firma dello studente ________________ Un ringraziamento speciale va alla mia famiglia, per avermi supportato e permesso di arrivare fin qui, sempre sostenendomi e credendo in me, se oggi sono riuscita a raggiungere questo traguardo è grazie a loro. In particolare ringrazio mia madre per la forza e la determinazione che mi ha trasmesso nei momenti in cui mi stavo perdendo, il suo appoggio è stato fondamentale in questo percorso. Vorrei inoltre ringraziare il Professor Furlan Andrea, relatore di questa tesi, per avermi guidata nel percorso di stesura di questo lavoro, permettendomi di appassionarmi all’argomento giorno dopo giorno. Table of contents INTRODUCTION
    [Show full text]
  • And Now, a Word from Our Sponsors… Ongoing Efforts to Enhance and Promote the Leadership Roles of Women in the Ophthalmic Industry
    Safilo USA, the U.S. subsidiary of Safilo Group, is proud to join the OWA in its And Now, a Word from Our Sponsors… ongoing efforts to enhance and promote the leadership roles of women in the ophthalmic industry. The OWA has significantly raised the visibility of women throughout the optical community and through networking events, mentoring A stronger optical industry relies on dynamic individuals who are stewards programs and ongoing peer support, the OWA has provided a multitude of of their professions and careers. As the fastest-growing segment of the personal and professional growth opportunities that Safilo has only begun to take optical industry, the success of female optical professionals plays a large part advantage of and prosper from as a new member. in fortifying the entire vision industry. Safilo Group is a world leader in the design, production and distribution of optical frames and fashion and sports sunglasses. OWA has done an outstanding job in creating opportunities for its Since 1934, Safilo has been producing and distributing some of the most prestigious eyewear collections in the international membership and other women within the vision community to learn, grow, fashion and luxury circuit, which has spanned seven decades and three generations of the Tabacchi family. and succeed. By recognizing the needs of professionals just starting their Offering a vast array of luxury eyewear collections, Safilo USA’s most prestigious designer labels include, Alexander McQueen, careers and providing networking and mentoring programs, OWA helps to Bottega Veneta, Boucheron, Diesel, Dior, Emporio Armani, Juicy Couture, Kate Spade, Giorgio Armani, Gucci, Marc Jacobs, ensure that women entering the optical industry have the support they need Max Mara, Valentino and Yves Saint Laurent, to name a few.
    [Show full text]
  • June 16, 2008 Vol. 22 No. 7 $15 M
    www.visionmonday.comM JUNE 16, 2008 VOL. 22 NO. 7 $15 EYEPOINTDesigned with Shamir TECHNOLOGY® Go ahead, give into the Creation® temptation. Shamir progressive lenses are designed with patented EyePoint Technology®, simulating the human eye at every angle of vision. Unwanted distortion disappears as quickly as apples do in the Garden of Eden. Exercise your free will. Order Shamir Creation® - OLA’s 2006 Best Lens Design. Shamir Progressive Lenses - ReCreating Perfect Vision® shamirlens.com 5^a_PcXT]cbST\P]SX]VcWTQTbc £°Ç{ CWTf^a[SzbUXabc &# CWTf^a[SzbcWX]]Tbc[T]b CWTf^a[SzbUX]Tbc^_cXRb £°Ç{ÊÊÊ CWTcWX]]Tbc[T]bPePX[PQ[Tc^h^daRdbc^\Tab >ÌiÀ>\°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°Ê1ÌÀ> } Ê`iÝ ,ivÀ>VÌÛiÊ`iÝ\°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°Ê£°Ç{ LLiÊÛ>Õi\°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°ÊÎÎ -«iVwVÊ}À>ÛÌÞ\°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°Ê£°{È ÊÊÊÊÊÊÊÊ Ê£°Ç{ÊÃÊÕ«ÊÌÊxä¯ÊÌ iÀÊÌ >ÊÀi}Õ>ÀÊ«>ÃÌVÊ >`ÊViÃÊÃÌ>`>À`ÊÜÌ Ê Ê >ÃÞ/ i>Ê >Ì}° *>ÃÌVÊ£°x \Ê >ÃÞ/ i>Ê >Ì} Ê£°Ç{ Ì>VÌÊ >ÃÃ>ÕÊ6ÃÊÀÕ«Ê i>`µÕ>ÀÌiÀÃÊ>ÌÊnääxÓÈäΣΠÀÊÛÃÌÊÜÜÜ°>ÃÃ>ÕÓ{Ç°VÊ>`ÊÃÌ>ÀÌÊÀ`iÀ}ÊÌ`>Þ°Ê Ê"«ÌV>Ê1-ÊV° £ÎääÊ7>ÌÊ7 Ì>Ê,>` iÛi]Ê 9Ê££Ç{ÇÎäÈ{ ÊÃÊ>ÊÀi}ÃÌiÀi`ÊÌÀ>`i>ÀÊvÊ Ê À«À>Ì° ^ÓäänÊ Ê"«ÌV>Ê1-ÊV°Ê www.visionmonday.com THIS MONTH IN VM VISION MONDAY/JUNE 16, 2008 3 EDITOR’S NOTE IN THIS ISSUE It's Time to Get With the 'Online' Program News PBA joins groups opposing FDA It’s mid-way through millions, and of all age groups and social/eco- 6 lens impact regs . 2008, people. nomic spheres, they are seeking out and learning VisionMonday.com wins EPpy Let’s try to all agree what they can about eyecare and health care via Award, min honors .
    [Show full text]
  • Cover Story 027
    COVER STORY 027 BY MARGE AXELRAD & ANDREW KARP Optical’s New Dimension EW YORK—With the holi- day shopping season fast Napproaching, consumers in end of the business, for optical currently 21 3D channels world- sorted out, clearing the way for the the U.S. and throughout the world retailers and ECPs. wide, according to Screen Digest. 3D market to grow even more rap- will soon be heading to the multi- 3D represents the “opportunity com, including ESPN and Direct- idly. Yet no matter which formats plex to enjoy the latest 3D Holly- of a lifetime” said DreamWorks TV in the U.S., and Sky in the or technologies win out, consum- wood blockbusters or snapping up Animation CEO Jeffrey Katzen- U.K. Sony, IMAX and the Discov- ers cannot experience the magic of new 3D televisions and video games berg in a keynote address that ery Channel have formed a net- 3D without the proper eyewear. at their local electronics retailer. kicked off the third annual 3D work that will soon offer 3D con- Electronics giants such as Sony, But, this is just the beginning, Entertainment Summit, a two-day tent in the U.S. Panasonic and Samsung, along experts say. The energy and excite- conference held in Los Angeles in Even more futuristic is the pos- with some of the leading video ment surrounding the fast-growing September. sibility of 3D TVs and projection gaming players, were the first to 3D field is growing exponentially, as “With six of 2010’s top 10 gross- systems that work without glasses.
    [Show full text]
  • KITS Eyecare Ltd. Canadian Equity Research Consumer Products 7 February 2021
    Initiation of Coverage KITS Eyecare Ltd. Canadian Equity Research Consumer Products 7 February 2021 Derek Dley, CFA | Analyst | Canaccord Genuity Corp. (Canada) | [email protected] | 1.416.869.7270 Rating Price Target Luke Hannan, CPA | Associate | Canaccord Genuity Corp. (Canada) | [email protected] | 1.416.869.6618 BUY C$17.00 Price Growth clearly in focus KITS-TSX C$8.20 Investment Recommendation We are initiating coverage of KITS Eyecare Ltd. with a BUY rating and $17.00 target Market Data price. We believe KITS offers investors attractive exposure to the highly fragmented, 52-Week Range (C$) : 7.55 - 10.20 Market Cap (C$M) : 254.2 high-margin eyecare market. The company’s unique, 100% online-only business Shares Out. (M) : 31.0 model should allow KITS to exceed the average industry growth rate, as e-commerce Dividend /Shr (C$) : 0.00 eyecare penetration is set to accelerate, in our view. The company is run by a Dividend Yield (%) : 0.0 seasoned management team, which together owns ~74% of the shares outstanding Implied Return to Target (%) : 107.3 and has demonstrated prior success in the online eyecare market. We believe the Net Debt (Cash) (C$M) : (36.9) current valuation of 1.3x our 2022E revenue estimate, vs. peers which trade at 2.9x, Enterprise Value (C$M) : 217 represents an attractive entry point. FYE Dec 2019A 2020E 2021E 2022E Revenue Investment highlights 36.9 74.9 116.2 162.2 (C$M) • We believe KITS is well positioned on the precipice of what will be an acceleration EBITDA (C$M) 3.6 6.1 6.1 16.9 of the penetration of e-commerce within the retail eyecare market.
    [Show full text]
  • Optical & Eyewear Sector
    INDEPENDENT RESEARCH Optical & Eyewear Sector 24th June 2015 Confluence of favourable factors in the optical sector! Optical & Eyewear Sector ESSILOR BUY FV EUR124 We maintain our ‘buy’ rating and our FV for EI (EUR124) and LUX Bloomberg EF FP Reuters ESSI.PA (EUR63), although with a slight preference for EI given its upside Price EUR106,25 High/Low 114,9/71,49 potential (+17%). We upgrade SFL from ‘neutral’ to ‘buy’ with an FV of Market cap. EUR22,825m Enterprise Val EUR24,419m PE (2015e) 28.0x EV/EBIT (2015e) 19.8x EUR15 as we expect a gradual improvement in the momentum. Of note, 2016e PEG ratios for EI (1.6x) and LUX (1.7x) are more LUXOTTICA BUY FV EUR63 Bloomberg LUX IM Reuters LUX.MI attractive than in June 2014 thanks to accelerated organic growth and, Price EUR60,15 High/Low 61,85/35,7 more importantly, currency impact! Despite the impact from Gucci in Market Cap. EUR28,827m Enterprise Val EUR29,860m 2017, SFL exhibits a 2016e PEG ratio of 1.2x. PE (2015e) 32.8x EV/EBIT (2015e) 20.6x An exceptionally favourable combination of positive factors in the BUY vs. SAFILO FV EUR15 optical sector! While the companies in our coverage universe already NEUTRAL Bloomberg SFL IM Reuters SFLG.MI enjoyed excellent fundamentals and the optical sector showed strong Price EUR12,91 High/Low 16,35/9,13 structural catalysts, it is now among the major beneficiaries of a weaker Market Cap. EUR810m Enterprise Val EUR946m PE (2015e) 17.9x EV/EBIT (2015e) 10.1x euro, as demonstrated by the impact on Q1 sales (LUX: +14.6%, EI: +12.7% and SFL: +9.8%).
    [Show full text]
  • SCHEDA DI MERCATO OCCHIALERIA Giugno 2020 Agenzia ICE New York
    USA - SCHEDA DI MERCATO OCCHIALERIA Giugno 2020 Agenzia ICE New York 1 1. ANDAMENTO CONGIUNTURA DELL’ECONOMIA AMERICANA ______________________________ 3 Interscambio commerciale con l’Italia ____________________________________________________________________ 3 2. IL MERCATO DELLA OCCHIALERIA NEGLI USA _________________________________________ 6 Produzione Locale __________________________________________________________________________________ 7 Dimensioni e ripartizione delle vendite _______________________________________________________________ 8 3. CANALI DISTRIBUTIVI __________________________________________________________________ 9 Montature __________________________________________________________________________________________ 9 Occhiali da sole ___________________________________________________________________________________ 11 E-Commerce ______________________________________________________________________________________ 12 4. IL COMMERCIO DELLA OCCHIALERIA IN USA CON IL RESTO DEL MONDO _______________ 13 POSIZIONAMENTO ITALIA _________________________________________________________________________ 13 Importazioni USA della Occhialeria _________________________________________________________________ 13 Importazioni di Montature per occhiali ______________________________________________________________ 14 Importazioni di Occhiali da Sole ____________________________________________________________________ 15 CONCORRENTI ____________________________________________________________________________________ 15 5. SUGGERIMENTI
    [Show full text]
  • Pasthonorees
    Past Honorees COMPLETE LIST Connie Achman X-Cel Optical Company 2010 Giancarla Agnoli Marchon Italy Marchon Eyewear Inc. 2008 Kirsten E. Albrecht, OD MyEyeDr 2014 Jill Albrinck LensCrafters 2009 Carol Alexander, OD Vistakon 2010 Catherine Amos, OD Eyecare Associates Vision Service Plan 2003 Jackie Angel Wind River County 2003 Mary Angrisani CooperVision 2004 Fareha Anwar Eye-Q Optometry 2010 Sarah Appel, OD Pennsylvania College of Optometry 2006 Pat Aptaker Nouveau Eyewear 2004 Lori Archer UnitedHealthcare Specialty Benefits 2008 Cheryl Archer, OD Allen-Auglaize Eye Care Center 2007 Laura Askew Transitions Optical 2014 Bj Avery Texas Optometric Association 2012 Marge Axelrad Jobson Optical Group 2003 Laurie Badone Seiko Optical Products of America 2005 Eileen Baird Int’l Vision Expo and Midwest Vision Congress 2005 Lynda Baker Con-Cise Contact Lenses Co. 2005 Heather Balester Balester Optical Co. 2009 Roxana F. Barad, MD Pittsburgh Eye Associates 2006 Maria Barnwell Essilor of America 2012 Diane Beaufilis Eye Care Centers of America 2006 Maureen Beddis The Vision Council 2010 Belinda Bellows ImageWear/Walman Optical 2011 Kathy Bemard Signet Armorlite 2005 Donna Benedict Optical Laboratories Association 2003 Janet Benjamin Laramy-K Optical 2009 Pam Benson-Gibson Pech Optical 2008 Sandi Berendes Groetken Family Eye Care 2011 Nancy Bernard ClearVision Optical 2010 Mindy Bernstein Kenmark Optical 2003 Crystal R. Besson Global Optics Inc. 2009 Jillia Bird, OD Caribbean Optometrists Association 2013 Janie Blackstock Horizon Eye Care 2004 Joan Blackwood 1-800 CONTACTS and Glasses.com 2012 Sandra Blanchette Village Family Eyecare 2013 Sharon Blankenship Pearle Vision 2004 Sandra S. Block, OD Illinois College of Optometrists 2013 Judi Blondell Marchon Eyewear, Inc.
    [Show full text]
  • Luxottica Net Dips, Safilo Rises
    Luxottica Net Dips, Safilo Rises MILAN — Two of the world’s largest eyewear firms reported results for the first quarter, with currency headwinds impacting Luxottica Group SpA while lower expenses helped boost Safilo Group. Currency fluctuations contributed to a 1.2 percent decrease in net profits at Luxottica to 157 million euros, or $215 million, in the three months ended March 31. This compares with 159 million euros, or $210 million, in the first quarter of 2013. Revenues totaled 1.84 billion euros, or $2.52 billion, a 1.2 percent drop compared with the same period last year. At constant exchange rates, sales would have grown 4.2 percent. Operating profit also edged down 1.7 percent to 270 million euros, or $370 million. Dollar amounts have been converted at average exchange for the periods to which they refer. Chief executive officer Andrea Guerra underscored that Luxottica’s performance in the first quarter was “overall better than the figures say,” citing “robust growth” at the group’s wholesale division driven by all main brands, and “first and foremost” by Ray-Ban and Oakley, and touting the group’s strengths and potential. “We started the year with great momentum, inaugurating a new chapter in the history of Luxottica focused on technological and digital innovation. The acquisition of Glasses.com and the strategic partnership with Google mark a new milestone in our history of more than 50 years of excellence,” said Guerra. “We are satisfied with the results achieved and determined to deliver another year of solid growth in net sales and profitability.” The executive said the Italian eyewear company’s retail division “performed well despite a winter season in North America affected by heavy snow and ice storms.” Guerra pointed to an “excellent” 11.1 percent increase in sales at Sunglass Hut globally and continued growth of LensCrafters in North America.
    [Show full text]