Transitions lenses’ Post

Why did EssilorLuxottica buy Supreme for $1.5 billion in cash? The answer is simple - marketing. I'll explain... 1. Supreme has mastered the strategy of supply and demand. 2. By always limiting supply significantly lower than demand, this creates consumer hype. 3. Hype is marketing's core. Hype sells and margins grow. 4. Brand collaborations (we'll get into this next time) EssilorLuxottica now holds the 'hype blueprint'. How will they use it upon the eyewear industry? We'll see. What are your thoughts about this deal? #optometry #optical #eyewear #supreme #vfcorp

Market2024: NO.27 Poll Summary: 🌟 Upgrade to Zeiss? Is it Worth the Extra $30? Poll Results: Yes: 15 votes (35.71%) 🚀 No: 27 votes (64.29%) 👎 It seems most of our eyewear enthusiasts are hesitant to shell out an extra $30 for branded lenses like ZEISS Vision. Only a little over a third think it’s worth the investment. 🤔💸 Insights for Eyewear Brands: While there's a significant portion that values premium lenses, the majority are content with standard options. This could indicate a need for more awareness about the benefits of higher-end lenses or a review of pricing strategies to better match consumer expectations and value perception. 🏷️👓 Pro Tip: Consider running promotions that allow customers to try these high-quality lenses at a discount or offer bundled deals. Demonstrating the tangible benefits, such as enhanced clarity and reduced eye strain, could convert skeptics into believers! 🌟🔍 #Eyewear #Innovation #Zeiss #Lenses #Market2024 #ValueForMoney 

🎉 Impressive Financial Milestones Achieved by EssilorLuxottica in 2023! 🎉 EssilorLuxottica has yet again set a benchmark in the eyewear industry with its remarkable financial performance in 2023! Achieving a total revenue of €25.395 billion, the group saw a 7.1% increase year-over-year, marking over three consecutive years of growth surpassing 7.0%. 🚀 The year 2023 wrapped up with a strong free cash flow of €2.4 billion and an adjusted operating profit margin of 16.9%, alongside an adjusted net profit of €2.946 billion. 💰 Noteworthy is the Q4 performance, with revenues hitting €6.25 billion, up by 7.1%. This surge was particularly driven by accelerated growth in North America and sustained momentum in Europe, the Middle East, and Africa (EMEA). Asia-Pacific and Latin America shined brightly, with China and Brazil emerging as pivotal growth drivers. 🌏 The introduction of new brands energized the frames segment, with licensed brand business witnessing double-digit growth. In Asia-Pacific, revenue reached €3.036 billion, a whopping 14.3% increase at constant exchange rates, led by a robust recovery in Greater China from February onwards. The rebound in Greater China was supported by strong growth across all channels and products, especially with brands like StarFinder doubling their revenue for two consecutive years, and luxury licensed brands, Ray-Ban, Oakley, and Bolon performing exceptionally well. By region, North America grew by 4.2% to €11.637 billion, EMEA by 8.2% to €9.184 billion, Asia-Pacific by 14.3% to €3.036 billion, and Latin America by 9.9% to €1.537 billion. At XIAMEN ISUNNY PACKING CO., LTD, we are excited to witness such dynamic growth in the eyewear sector and are eager to support these thriving brands with our state-of-the-art eyewear packaging solutions. Let's collaborate to elevate your brand's presentation to match these impressive achievements! 🕶️ #GLASSESCASE #EyewearExcellence #FinancialSuccess #EssilorLuxottica #InnovationInEyewear For partnership inquiries, reach out at info@isunnypacking.com or visit our website buff.ly/3TikQfY.

Luxottica, one of the largest players in the eyewear industry, often garners attention for its significant market presence. But does Luxottica truly dominate with monopolistic control, or are there other influential players shaping the market landscape and driving competition? Share your insights and perspectives in the comments below! #EyewearIndustry #Luxottica #MarketDynamics #Competition #Innovation #FutureOfEyewear

A very interesting article on Optician Online covering the financial performances of just a few businesses in the eyewear industry 👓   Great to see positive performances within the market, with increases in revenue, sales & earnings recorded by Kering Eyewear, De Rigo, INSPECS Ltd and EssilorLuxottica. Fingers crossed for similar results across the industry over the next 12 months! 🤞   Check out the full article using the link below:  https://lnkd.in/e2vn-cUN

Introducing our groundbreaking prescription safety eyewear program, SightProtect, where style meets safety in a seamless blend of innovation and modernity. Designed with the utmost precision and care, our program redefines the traditional approach to safety eyewear. At the heart of our program lies a commitment to both protection and modernization. We understand that managing a safety eyewear program shouldn’t be a burden, and that over time, prescription safety eyewear programs have not evolved in line with technology. That is where SightProtect differentiates itself from other programs. But it's not just about evolving technology to improve management of the program. Our prescription safety eyewear exceeds industry standards, providing unparalleled protection without sacrificing comfort, clarity, or style. Whether you're in the workplace or out in the field, you can trust our eyewear to keep your eyes safe without compromising your vision. SightProtect features products from Oakely® Safety Frames, FGX by Guardian Frames, Varilux®, Crizal®, and other industry leading products available from the EssilorLuxottica portfolio, as well as industry trusted partners, such as Wiley X, ArmourX, and Hilco/On-Guard Frames. What sets us apart is our dedication to innovation and customer satisfaction. With a focus on innovative processes managing eligibility, access to different types of provider networks, and improving the ordering process for both your employee and our provider partners, we have truly created a “next level” program that aligns with the modern times. Welcome to the future of prescription safety eyewear - where safety, style, and innovation come together to create a truly revolutionary experience. www.sight-protect.com #essilorluxottica #safetyfirst #safetyprograms #eyeinjuries #inuryprevention

A very interesting article on Optician Online covering the financial performances of just a few businesses in the eyewear industry 👓   Great to see positive performances within the market, with increases in revenue, sales & earnings recorded by Kering Eyewear, De Rigo, INSPECS Ltd and EssilorLuxottica. Fingers crossed for similar results across the industry over the next 12 months! 🤞   Check out the full article using the link below: https://lnkd.in/eBpEqiAp

Will Warby Parker remain the dominant use case of well-capitalized brand reaching scale? They're certainly leading the way with recent performance - stock up 35% in the last month to $2B market cap based on positive guidance, trading at 2.5x revenue or 27x EBITDA. $750m revs, up 13% YoY aEBITDA $70m FCF positive for Q1 Opening 40 new stores, up from 245 As a reference point, there are ~10,000 eyewear stores in the US, ~4,000 are by Luxottica (Sunglasses Hut, LensCrafters, Oakley, etc). There's plenty of runway with EssilorLuxottica at $100B market cap.

👓 The importance of fair competition resonates across industries, even in the eyewear world. As Eyefiy, we value transparency and accessibility, ensuring that our customers have a clear view of their choices. 🌐✨ 💼 Just as the EU takes a stand against unfair practices, we are committed to providing a level playing field for all eyewear enthusiasts. Our focus remains on offering quality eyewear without unfair advantages—ensuring you have access to a diverse range of styles and options. 🕶️🤝 🌟 Let's celebrate a marketplace where innovation thrives, competition is fair, and your vision is at the forefront. 🚀🔍 #Eyefiy #faircompetition #transparency #clearvision

Based on the Global #Sunglasses Market Analysis by Value Market Research: Market Demand to Grow Steadily between 2023 to 2032. >> https://lnkd.in/gAme_ANr #Sunglasses serve as a type of #eyewear specifically crafted to shield the eyes from intense #sunlight and detrimental #ultraviolet rays. They typically consist of tinted or #polarized lenses that reduce #glare and brightness, making it more #comfortable to see in sunny #conditions.  Luxottica Safilo Group Maui Jim De Rigo CHARMANT Group Specsavers Optical Stores REVOLVE Fielmann Schweiz AG Pivothead LVMH Marcolin #innovationmanagement #technologies #communications #marketgrowth #sunglasses #eyewearstyle #glare #consumergoodsandservices