LensCrafters 2004 Annual Report Download - page 7

Download and view the complete annual report

Please find page 7 of the 2004 LensCrafters annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 153

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153

A strategy of vertical integration from manufacturing to
wholesale and retail distribution pursued over the years,
a brand portfolio with house and license brands that
make it among the strongest and most balanced in the
industry, the largest high-quality manufacturing
capability in the sector: these are the elements that
make Luxottica Group a global leader in the design,
manufacturing and distribution of mid- to premium-
priced prescription and sun frames.
Luxottica Group is the leader in optical and sun retail
distribution in North America and Asia Pacific through
store chains LensCrafters, Sunglass Hut and those of
OPSM Group. In 2004, Luxottica Group’s presence in
the North American market was further consolidated
through the acquisition of Cole National and its chain of
stores Pearle Vision, Sears Optical, Target Optical and
BJ’s Optical. In wholesale distribution the Group
operates in a total of over 120 countries worldwide, in
28 through directly-owned subsidiaries.
In 2004 Luxottica Group posted sales and net income
of Euro 3,255 million and Euro 287 million, respectively,
reflecting improvements of 14.1% and 7.3%.
KEY STEPS IN THE HISTORY OF THE GROUP
1961 Starts as a company specialized in the
manufacturing of optical frames.
1990 Lists its shares on the New York Stock
Exchange (NYSE).
1995 Acquisition of LensCrafters, the leading optical
retail chain in the premium segment in North
America.
1999 Acquires the eyewear division of Bausch &
Lomb, which comprised such brands as Ray-
Ban, Revo, Arnette and Killer Loop.
2000 Lists its shares on the Italian Stock Exchange
(MTA).
2001 Acquisition of Sunglass Hut, the leading
specialty sun retailer in the world.
2003 Acquires OPSM Group, the leading operator of
chains of optical stores in Asia Pacific.
2004 Acquisition of Cole National, the second largest
operator of optical retail stores in North America
with brands such as Pearle Vision, Sears
Optical, Target Optical and BJ’s Optical.
NET SALES
BY DISTRIBUTION
Retail Wholesale
28%
72%
ANNUAL REPORT 2004
PROFILE OF LUXOTTICA GROUP
NET SALES
BY GEOGRAPHICAL AREA
Rest of the world
North America Asia Pacific
13%
64%
23%
6