LensCrafters 2007 Annual Report Download - page 32

Download and view the complete annual report

Please find page 32 of the 2007 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 178

  • 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
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178

| 31 <
Luxottica Group’s distribution structure is one of the most extensive and effective in the industry,
embracing retail stores and serving third party independent stores and chains through a wholesale
distribution network. This robust distribution and unique structure, one of the Group’s greatest
competitive advantages, is the result of a fundamental strategic insight that Luxottica’s founder
and current chairman had years ago: increasing control over distribution was key to the future
growth. Originally established as a manufacturer of single eyewear components and then finished
frames, Luxottica Group gradually integrated wholesale distribution into its structure and since
1995, retail distribution as well. Today, it operates in all the world’s key wholesale and retail
eyewear markets and continues to expand in emerging markets.
From a retail perspective, the Group operates mainly in North America, Asia-Pacific, the UK, the
Middle East and South Africa, thus ensuring optimum distribution in the world’s key markets.
Luxottica controls a total of over 6,400 stores mainly in the United States, Canada, Australasia,
China, and the Middle East. In Europe, there are around 90 Sunglass Hut stores, mostly in the UK.
GROUP RETAIL CHAINS WORLDWIDE
Geographical area Retail Number of stores
chain 2006 2007
North America LensCrafters 902 951
Pearle (*) 840 880
Sears Optical 941 886
Target Optical 264 296
BJ’s Optical (**) 153 156
Sunglass Hut 1,502 1,600
Sunglass Icon - 143
ILORI -6
Asia-Pacific OPSM 314 322
Laubman & Pank 127 135
Budget Eyewear 86 94
Sunglass Hut 224 219
Bright Eyes - 140
China LensCrafters and others 274 249
Sunglass Hut -6
Europe Sunglass Hut 92 87
South Africa Sunglass Hut - 68
Middle East Sunglass Hut - 23
Global Oakley stores and Vaults - 119
Oliver Peoples -6
The Optical Shop of Aspen - 21
(*) of which 403 in franchising. As at 31 December 2007.
(**) The licence agreement ends in March 2008.
DISTRIBUTION