Eyewear

2020 was a year that shook up the eyewear industry. While most key players will suffer in 2021, the severity of the impact of the Coronavirus pandemic will vary by exposure. Companies that stand out with a wider number of strongly positioned brands ...

Before the COVID-19 pandemic hit Safilo’s sales and those of the global eyewear industry at large in 2020, Safilo had already been challenged by a changing competitive landscape for eyewear. To reinvigorate its business, Safilo is executing plans to ...

In early November 2020, Euromonitor International published revised forecasts for eyewear for 2020 to 2025 that considered the implications of Coronavirus (COVID-19). COVID-19 has severely disrupted global demand for eyewear in 2020, but impacted ...

Rising consumer awareness of eye health, combined with ageing populations with myopia and presbyopia are driving value growth for eyewear globally, led by Asia Pacific. As a result of Coronavirus, more discretionary eyewear, mainly sunglasses, is ...

Worries about Coronavirus (COVID-19) and economic downturn have forced consumers to re-evaluate their life priorities and habits. With that the narrative in health, beauty and fashion has also changed to reflect newly emerged consumer priorities and ...

Ageing is one of the most important drivers of demand for the eyewear industry. This is especially the case in mature markets, many of which drive a sizeable share of global revenues, given their ageing demographic profile. Despite the combination of...

Demand for eyewear in South Africa was already slowing prior to the emergence of COVID-19 and the subsequent lockdown measures introduced by the government in an attempt to reduce the spread of the virus. The country had already been experiencing ...

The main reason for the expected strong decline in eyewear sales in 2020 is the outbreak of the COVID-19 virus. The global pandemic has been resulting in falling growth due to certain macroeconomic factors occurring mostly as a result of COVID-19 and...

All eyewear categories in the Philippines have been negatively impacted by restrictions on store operations, disruptions to production, and enforced home seclusion as a result of COVID-19. However, demand for both spectacles and contact lenses has ...

Lockdown measures introduced by the government in March 2020 in response to COVID-19 had a significant impact on demand for eyewear in Switzerland in Q2, as local consumers were encouraged to remain at home and strict social distancing measures were ...

The Brazilian eyewear industry had been slowly developing in recent years, exploiting its massive consumption potential. However, in spite of the growth rates recorded in recent times, all the developments in the industry are still some way short of ...

The outbreak of COVID-19 has been leading to a reduction in eyewear sales, across all categories, in 2020, as the Romanian government implemented quarantines and retail closures to try and contain the pandemic. If the pandemic is successfully ...

The outbreak of COVID-19 has changed the business environment in the eyewear industry. Even though Sweden adopted different measures to most other countries in fighting the virus, consumer habits and trends had to be adjusted, which ultimately ...

The outbreak of COVID-19 is expected to lead to slower growth in eyewear value and volume sales in 2020 overall, as the United Arab Emirates government implemented necessary quarantines and social distancing measures to contain the pandemic in March....

While Coronavirus (COVID-19) has had an adverse impact on eyewear, consumers continued to buy contact lenses, spectacles and sunglasses during 2020. In particular, wearers of contact lenses and spectacles regard these products as essential. Moreover,...

With the COVID-19 pandemic bringing a multitude of challenges for eyewear, including store and optometrist closures, economic constraints and shifting consumer needs, sales of all eyewear products, including contact lenses and solutions, spectacles ...

The emergence of COVID-19 in Mexico and the subsequent lockdown measures introduced by the government resulted in many consumers being urged to remain at home wherever possible, including work-from-home strategies, restricted movement, and a focus on...

Even before mid-March, when COVID-19 and lockdown restrictions began to take hold in France, the performance of eyewear was weakening. First, changes to French legislation reduced reimbursement levels twice in a few years. Health insurances also ...

As a result of store and optometrist closures, economic constraints and shifting consumer needs during the COVID-19 pandemic, spectacles sales were seeing a strong decline in 2020. Although consumer needs for readymade reading glasses, spectacle ...

Current value and volume sales of eyewear are expected to fall in 2020 due to the impact of COVID-19. The enforced closure of all non-essential retail outlets during early 2020, including many optical shops, halted a large proportion of eyewear ...