February 5th, 2017
Italian spectacle frame maker, Luxottica Group SpA, and French spectacle lens manufacturer, Essilor International SA, have agreed to merge and the new group will be known as Essilor-Luxottica. While the two companies lead their respective categories, the deal will create by far the largest entity in the global eyewear market. Here are some of the […]
December 27th, 2016
Snap Inc’s entry into the USD18 billion sunglasses market is primarily motivated by the instant messaging company’s need to differentiate itself from other competitors, like Instagram and Whatsapp. Spectacles (the name of its sunglasses) is priced at near cost to encourage take-up rates as well as to propagate continued usage of Snapchat, in an environment where […]
December 9th, 2016
The astonishing success of Frozen clearly proved that the licensing landscape is still far from saturated and there is still scope for the development of successful new properties as well as existing evergreen franchises as I also explore in our “Licensing: A Billion Dollar Character Franchises” global briefing. There have been many new and sequel […]
October 19th, 2016
In Q3 2016, the global economic outlook declined as mounting uncertainty in Europe, the UK and the US outweighed any boost from the BRICs. This quarter, fast moving consumer goods (FMCG) forecast growth revisions from Euromonitor International’s Industry Forecast Model generally point to marginal retail sales downgrades through 2020.
July 22nd, 2016
2016 is a slow year for the eyewear industry due to the weakening currency against the US dollar and poor performance in Eastern Europe and Latin America. However, more competition is expected this year due to sunglasses and spectacles becoming lifestyle accessories. With this trend, eyewear retailers are now offering products at lower price […]
July 20th, 2016
In 2016, global value sales of contact lenses and solutions are expected to grow by 2% on the previous year. Daily disposable lenses and frequent replacement lenses are forecast to be the most dynamic categories in 2016, but positive growth is partially being offset by the poor performance of conventional lenses and contact lens solutions. […]
July 16th, 2016
The global eyewear industry is expected to be worth US$120.0 billion in 2016, with slow growth of 1% from the previous year. This is primarily due to weakening currencies against US dollar, resulting in poor performance in Eastern Europe and Latin America, affecting the global market. Nevertheless, the outlook for eyewear remains bright, with growing […]
July 11th, 2016
According to Euromonitor International’s latest research, eyewear is valued at US$121 billion globally in 2016, up by a modest 0.5% on the previous year.
July 8th, 2016
In the previous article, we looked into blue light from the consumers’ perspective. In this article we will continue to explore the impact of blue light on the eyewear industry but from the manufacturers’ perspective, understand the products available and identify the gap between consumers’ knowledge and strategies to market protective eyewear products.
June 12th, 2016
In this two part opinion, we will look into blue light and how it impacts consumers and the eyewear industry. In Part 1 we will look at blue light from the consumer perspective, exploring what blue light is, how it impacts consumers, and what consumers can do to control the amount of blue light they […]