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Thread: New Look Vision had record sales .................................

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    Redhot Jumper New Look Vision had record sales .................................

    MONTRÉAL, March 20, 2018 (GLOBE NEWSWIRE) -- New Look Vision Group Inc. ("New Look Vision" or the ‘Company’) (TSX:BCI), a leader in the Canadian optical business with 379 stores across Canada, reported financial results today for the 13 and 52 weeks ended December 30, 2017 (“Q4 2017” and “fiscal 2017”). This press release should be read in conjunction with the Company’s management discussion and analysis (the “MD&A") and consolidated financial statements for fiscal 2017, which are available on the Company’s website at www.newlookvision.ca/investors and have been posted on SEDAR at www.sedar.com.

    Revenues reached $67.5 million and adjusted EBITDA(1) reached $12.5 million for Q4 2017, representing increases of 23.9% and 28.3% respectively over last year. The revenue increase was mainly due to the net addition of 159 stores to the network in the last twelve months as well as same store sales growth of 2.8% over last year.

    See all of it:
    https://globenewswire.com/news-relea...scal-2017.html
    Chris Ryser
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    http://optochemicals.com............................. http://arcoatings.com

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    Quote Originally Posted by Chris Ryser View Post
    MONTRÉAL, March 20, 2018 (GLOBE NEWSWIRE) -- New Look Vision Group Inc. ("New Look Vision" or the ‘Company’) (TSX:BCI), a leader in the Canadian optical business with 379 stores across Canada, reported financial results today for the 13 and 52 weeks ended December 30, 2017 (“Q4 2017” and “fiscal 2017”). This press release should be read in conjunction with the Company’s management discussion and analysis (the “MD&A") and consolidated financial statements for fiscal 2017, which are available on the Company’s website at www.newlookvision.ca/investors and have been posted on SEDAR at www.sedar.com.

    Revenues reached $67.5 million and adjusted EBITDA(1) reached $12.5 million for Q4 2017, representing increases of 23.9% and 28.3% respectively over last year. The revenue increase was mainly due to the net addition of 159 stores to the network in the last twelve months as well as same store sales growth of 2.8% over last year.

    See all of it:
    https://globenewswire.com/news-relea...scal-2017.html
    Those are some decent figures with growth across the board. This just proves that independents need to stop whining about the onliners selling glasses and work more effectively with their smaller suppliers. Strong brick and mortar retail sales achievement is still possible with the right business model.

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    Quote Originally Posted by Lab Insight View Post
    Those are some decent figures with growth across the board. This just proves that independents need to stop whining about the onliners selling glasses and work more effectively with their smaller suppliers. Strong brick and mortar retail sales achievement is still possible with the right business model.
    What in this press release suggests that independents ought to work with smaller suppliers? Not that I disagree, but I don't see how NL's business model applies to my own whiny little independent practice.

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    Quote Originally Posted by optimensch View Post
    What in this press release suggests that independents ought to work with smaller suppliers? Not that I disagree, but I don't see how NL's business model applies to my own whiny little independent practice.
    I didn't say 'their' business model, I said the right business model. Which means doing things differently, including more aggressive marketing, better trained staff than can sell, lowering your selling price (God forbid) to compete effectively and improve retention rates.

    Everybody whines from time to time, but many do diddly squat about it. Independents have a unique position in the marketplace since they can adjust their model on a whim, large corporations cannot.

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    Quote Originally Posted by Lab Insight View Post
    I didn't say 'their' business model, I said the right business model. Which means doing things differently, including more aggressive marketing, better trained staff than can sell, lowering your selling price (God forbid) to compete effectively and improve retention rates.

    Everybody whines from time to time, but many do diddly squat about it. Independents have a unique position in the marketplace since they can adjust their model on a whim, large corporations cannot.
    And too toot my own horn....think about doing in house modified lens surfacing (Fast Grind) and save a LOT on your purchasing AND provide much faster delivery.

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    Quote Originally Posted by Don Gilman View Post
    And too toot my own horn....think about doing in house modified lens surfacing (Fast Grind) and save a LOT on your purchasing AND provide much faster delivery.

    Great idea Don!

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    Lab Insight you've hit the nail right on the head here - brick and mortars can be competitive with online! A lot of these older guys never had to compete with anyone other than the other opticals in town, so they're freaking out now that there's new competition out there. And they don't need to. As you say, the smaller the company the more agile it can be - shouldn't be that hard to make some changes and keep up with the times. Might even result in some positive changes for the consumer. More competition usually does that :)

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    Quote Originally Posted by throughalensdarkly View Post
    Lab Insight you've hit the nail right on the head here - brick and mortars can be competitive with online! A lot of these older guys never had to compete with anyone other than the other opticals in town, so they're freaking out now that there's new competition out there. And they don't need to. As you say, the smaller the company the more agile it can be - shouldn't be that hard to make some changes and keep up with the times. Might even result in some positive changes for the consumer. More competition usually does that :)
    Exactly! Thanks for the kind post.

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    Blue Jumper As of March 20, 2018, it operated a network of 379 optical stores,...................

    New Look Vision Group Inc. provides eye care products and services in eastern Canada. The company offers prescription eyewear and non-prescription eyewear; contact lenses; sunglasses, protective eyewear, and reading glasses; and accessories, such as cleaning products for eyeglasses and contact lenses. As of March 20, 2018, it operated a network of 379 optical stores, including 208 stores in Quebec, 47 stores in British Columbia, 39 stores in Ontario, 25 stores in New Brunswick, 22 stores in Nova Scotia, 16 stores in Newfoundland & Labrador, 7 stores in Prince Edward Island, and 2 stores in Saskatchewan primarily under the New Look Eyewear, Vogue Optical, Greiche & Scaff, and Iris banners. The company also operates lens processing laboratories in Charlottetown, Prince Edward Island and Ville St-Laurent, Québec. The company was formerly known as New Look Eyewear Inc. and changed its name to New Look Vision Group Inc. in June 2015. New Look Vision Group Inc. was founded in 1986 and is headquartered in Montreal, Canada.

    source:
    https://www.bloomberg.com/research/s...ivcapId=876120


    Chris Ryser
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    http://optochemicals.com............................. http://arcoatings.com

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    Blue Jumper Who is investing $ ......................................

    Mr. Antoine Amiel is President, Director of the Company. He was Vice Chairman of the Board of the Company. He is an experienced international executive from the optical lens industry. Between 2009 and 2012, Mr. Amiel held executive positions within Nikon Essilor Co. Ltd., a Tokyo based joint venture between Nikon Corporation and Essilor International which manufactures and distributes Nikon ophthalmic lenses worldwide. From 2005 to 2012, he was Executive Officer, Vice President International Subsidiaries and CEO of Nikon Optical USA, Canada and United Kingdom. From 2002 to 2005, Mr. Amiel was Managing Director of Nikon Optical UK Ltd. From 1999 to 2002, he was Nikon Essilor’s Chief Financial Officer. Prior to his time with the joint venture he held several finance and marketing positions in Asia Pacific and North America

    Chairman Since 2015

    Amiel has a master in Corporation Finance from the University de Paris IX Dauphine.

    source:
    https://www.macroaxis.com/invest/man...-Antoine_Amiel
    Chris Ryser
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    http://optochemicals.com............................. http://arcoatings.com

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    Blue Jumper So Figure it out yourself, who is the pulling the strings in this venture.

    Here is some more .....................................

    The company has accumulated 173.28 M in total debt with debt to equity ratio (D/E) of 123.2 indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. New Look Vision Group has Current Ratio of 1.06 suggesting that it is in a questionable position to pay out its financial obligations in time and when they become due.

    source:
    https://www.macroaxis.com/invest/man...-Antoine_Amiel


    So Figure it out yourself, who is pulling the strings in this venture.
    Last edited by Chris Ryser; 06-16-2018 at 01:21 AM.
    Chris Ryser
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    http://optochemicals.com............................. http://arcoatings.com

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    Quote Originally Posted by Chris Ryser View Post
    Here is some more .....................................

    The company has accumulated 173.28 M in total debt with debt to equity ratio (D/E) of 123.2 indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. New Look Vision Group has Current Ratio of 1.06 suggesting that it is in a questionable position to pay out its financial obligations in time and when they become due.

    source:
    https://www.macroaxis.com/invest/man...-Antoine_Amiel


    So Figure it out yourself, who is pulling the strings in this venture.
    Their capital must be derived from private equity firms, it's not Essilor. Essilor no longer 'lends' money without a large ownership stake. And the fact both companies are public and listed on the stock exchange, it would be listed as such by federal law, but it is not.

    As for the debt to equity ratio, they should hope the loan(s) never gets called early, or the interest rate spikes sharply.

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    Redhot Jumper How one giant company will dominate the way the whole world sees. ...................

    The question is whether there is anyone, beyond its shareholders, that will be able to hold EssilorLuxottica to account. I’m not sure there is. The next few years might be rocky, as the new company grapples with its size and attempts to find a new leader who can define the corporation and its ultimate goals under the fading shadow of Del Vecchio. But after that, the field is open and the fundamentals are clear.

    See Post om Main Forum,
    Last edited by Chris Ryser; 06-19-2018 at 04:03 AM.
    Chris Ryser
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    http://optochemicals.com............................. http://arcoatings.com

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    Quote Originally Posted by Chris Ryser View Post
    The question is whether there is anyone, beyond its shareholders, that will be able to hold EssilorLuxottica to account. I’m not sure there is. The next few years might be rocky, as the new company grapples with its size and attempts to find a new leader who can define the corporation and its ultimate goals under the fading shadow of Del Vecchio. But after that, the field is open and the fundamentals are clear.

    See Post om Main Forum,
    What happens when you put the two richest, biggest egos together in a room? Now try and marry them.

    There will be more issues than synergies to iron out along the way. Not to mention each has its own very large piggy bank.

    While it may take some time grappling for alpha dog position in the pack, that period will be an advantage for independent ECP's and suppliers to pave their own roads.

    Their marketing initiatives lately says it all - tons of educational training, we support ECP's, sweet notes and sentiments on LinkedIn, group hugs, charity events, yadee yadda. Damage control from their competitive online presence IMHO.

    Think they're not feeling guilty and concerned just a tad?
    Last edited by Lab Insight; 06-19-2018 at 06:00 AM.

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