Adds Custom-Tailored Eyewear……
Optical company New Look Vision Group Inc. has entered into an agreement with Topology, a new San Francisco-based custom-tailored eyewear concept that creates custom-tailored eyewear using advanced technology to solve the challenges of ill-fitting glasses and insufficient selection. The agreement gives New Look Vision Group exclusive rights to retail Topology products in Canada and other selected markets. “The high-end custom-tailored eyewear market offers attractive opportunities to grow the premium segment of our business,” said New Look Vision’s President, CEO Antoine Amiel. “Topology is leading the way in bringing technology to the world of custom-tailored eyewear, a segment at the crossroads of technology, cutting edge frames and precise optical measurement. New Look and Topology believe that technology will be used to improve eyewear products. With our significant retail footprint and our insight into customer demand for eyewear, the partnership will support Topology’s constant evolution of styles and designs, extending our premium products portfolio, and will bring Topology to the Canadian consumers.” Topology uses the latest in 3D facial scanning, augmented-reality, and advanced manufacturing to create high quality custom-tailored eyewear, for each and every individual. Topology’s patented mobile app takes over 20,000 measurements to develop a 3D model of facial features accurate to sub-millimeter level. The app automatically adjusts eyewear design to fit perfectly, and simultaneously extracts every optical measurement with unsurpassed 3D precision, delivering its custom-tailored offering to the most discerning of customers. Each pair of Topology glasses is cut from Italian acetate or lightweight, flexible stainless, uniquely inscribed with the customer's name. Topology will initially be available in 15 stores across Canada in the Fall, located in Quebec, Ontario, Alberta and British Columbia, before a wider rollout in early 2020. New Look Vision presently operates 380 stores across Canada, operating mainly under the New Look Eyewear, Vogue Optical, Greiche & Scaff and Iris banners. The various banners operate in units of 2000 to 3000 square feet, generally in shopping centres, power centres as well as free standing pads or end caps. Also, in its latest quarter that ended in late June, New Look Vision Group Inc. reported that comparable-store-sales were up by 1.6 percent, marking the 20th consecutive quarter of comparable store sales growth. During the quarter, revenues increased by one percent over second quarter 2018 to $78.1-million (Cdn). Amiel noted that this growth was in spite of very poor Spring weather across Canada which dampened sales of sun wear, a staple of opticals' second quarters. “We further delivered on our single store consolidation strategy, adding one store in Ontario and two in Atlantic Canada,” he added while emphasizing that New Look Vision continues to pursue both organic and external growth aggressively.
Topology Eyewear, 3260 19th St., San Francisco, California 94110 (415/993-8676 www.topologyeyewear.com)
New Look Vision Group Inc., 1 Place Ville Marie, Suite 3438, Montreal, Quebec H3B 3N6 (514/877-4119 www.newlookvision.ca)