Luxottica sales climb thanks to strong retail growth

Italian eyewear manufacturer Luxottica Group reported a 14.4 per cent increase in third quarter sales this week – reaching €1.9bn for the period.

Luxottica, which runs the David Clulow, Sunglass Hut and John Lewis Opticians in the UK, reported continued strength in its retail operations.

Overall, revenue was up by 10.1 per cent in its wholesale division and by 18.8 per cent for its retail operations, the company reported.

Sales in Europe further strengthened during the quarter, growing 8.9 per cent overall and in double-digits in the UK.

Adil Khan and Massimo Vian, chief executive officers of Luxottica, said: ‘Our eyewear collections, which continue to be among the most loved and sought-after by consumers around the world, together with the customer service we provide, drove wholesale’s positive performance during the quarter. Similarly, our retail business performed well with Sunglass Hut continuing to shine in the Americas, Europe and Australia, while strong performance from LensCrafters in North America helped to counter the weakness experienced in Australia and Hong Kong.’