eyeglasses News Archive

15-Mar-2009

 

  • Luxottica to Shut 100 Stores, Trim Brand Advertising (Update2) (Bloomberg)
    March 13 (Bloomberg) -- Luxottica Group SpA , the world?s biggest eyeglasses maker, plans to shut 100 stores and pare advertising for products including Ray-Ban sunglasses as shoppers cut spending and currency changes weigh on results. The shares dropped the most in five months.


  • Luxottica Falls After Reporting Lower Profit on Demand Decline (Bloomberg)
    March 13 (Bloomberg) -- Luxottica Group SpA , the world?s biggest eyeglasses maker, fell in Milan trading after reporting a 60 percent drop in fourth-quarter profit and scrapping its dividend because of weaker demand for designer eyewear.


  • Luxottica May Trim Brand Advertising as Demand Drops (Correct) (Bloomberg)
    (Corrects 2009 scenario in third paragraph to show potential drop in net profit relates to possible sales decline, not currency movement.) March 13 (Bloomberg) -- Luxottica Group SpA , the world?s biggest eyeglasses maker, may pare advertising for products including Ray-Ban sunglasses as shoppers cut spending and currency changes weigh on results.


  • Luxottica Falls After Outlining Currency-Drop Earnings Scenario (Bloomberg)
    March 13 (Bloomberg) -- Luxottica Group SpA, the biggest maker of eyeglasses, sank in Milan trading after saying its net income may drop between 30 and 40 percent if currencies? ?constant exchange rate? drops 8 to 12 percent.


  • Luxottica May Trim Brand Advertising as Demand Drops (Update1) (Bloomberg)
    March 13 (Bloomberg) -- Luxottica Group SpA , the world?s biggest eyeglasses maker, may pare advertising for products including Ray-Ban sunglasses as shoppers cut spending and currency changes weigh on results. The shares dropped the most in five months.


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