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COS, right at your finger tips! Canadianoptical.com

Montreal, QC — COS announces the launch of the first phase of its website: canadianoptical.com.

In 2012, the COS team engaged Imarklab, an interactive marketing agency that specializes in user research. The goal: to get a better understanding of its clientele in order to respond more efficiently and effectively to their daily needs. The agency undertook a mandate to better understand the behaviour of future COS website users, how they would be using the site as well as their behaviours on different digital platforms. They determined two user types:

  • the optician and / or dispenser, whose job is to advise patients on the show room floor;
  • the manager or branch director in charge of ensuring the store is well-stocked.

“Starting with a blank page meant that we were able to do things right the first time. It gave us time to fully understand our present reality. When it came to the website, our first priority was to shine the spotlight on our customers. We then hired some of the best user experience specialists that polled and questioned our users in order to gain a deeper understanding of the challenges they face. The research phase was very successful and generated numerous insights that would help our customers to work more efficiently.” explains Manuel Magini, COS Marketing Director.

Based upon the advice of its development team, COS went for a more agile approach in the design of its website. In this way, it will be able to easily adapt to interactive technologies that are constantly evolving. In addition, the site will be deployed in three phases.

In order to showcase the products and services of the business, the first version of the site highlights the company catalog and features a highly efficient search engine. Along with allowing for a quick search via product code, the website also provides multiple filters that are used to consult brand collections by targeted interest (material, colour, gender). Each product sheet features details regarding availability, dimensions as well as important information for placing an order.  An added detail – eye care professionals can choose to hide prices if they are in the presence of a patient.

Featuring a sleek responsive design and intuitive navigation, the site underlines the quality of the offer and allows eye care professionals to easily consult product sheets from any platform (computer, smart phone and tablet). The collections will be regularly updated thanks to a content management tool made available to the company.

An e-commerce module will soon be added enabling eye care professionals to purchase their products through the internet site. This progressive development approach is part of the firm’s desire to propose new functions to its clients in a short period of time. Already established, the development plan will evolve according to eye care professional practices, especially the massive use of smart phones.

In the meantime, the first phase of the site is already a success.  When tested with a sampling of both user types, the site received a wealth of positive comments.

 

Click HERE to read the press release.

 

20g for a Perfect Vision

Julbo presents AEROLITE. Specifically designed for women, this highly stylish featherweight frame is a direct descendant of the Aero, their bestseller for trail runners. Fitted with a frameless photochromic lens, it offers the same outstanding grip and venting. A model designed to go far, whatever the conditions.

Distributed by Lanctôt: www.rlanctot.com

 

The Future of Independent Optometry – A Thought Leader Discussion

Canadian Eye Care Business Review is proud to announce that registration is now open for their first webinar; “The Future of Independent Optometry”.  The webinar will be available live on Monday, May 29th from 8 PM to 9PM EDT.

This format will provide optometrists across the country an opportunity to hear from a group of Canadian thought leaders on topics critical to the future of independent optometry.

Drs. Jeff and Tina Goodhew,
Co-Editors of Canadian Eye Care Business Review will host the webinar with the following panelists:

Dr. Daryan Angle
Executive Vice President Chairman of the Board, IRIS The Visual Group, Waterloo ON

Mr. Ken Barbet
Eye Recommend, Chief Executive Officer, Calgary AB

Dr. Altaz Shajani
Practice Owner, North Vancouver BC

Dr. Sheldon Salaba
Practice Owner, Hamilton ON

Dr. Al Ulsifer
CEO and President, FYidoctors, Calgary AB

The questions that will be addressed include:

  • What is the impact of supplier side consolidation on independent eye care?
  • Why are independents selling out to larger groups? Fear or opportunity?
  • What are the risks and opportunities in moving from retail to medical?
  • How should independents create great customer experiences and loyalty?
  • How do solo practitioners manage the risk in today’s environment?

We are excited to have a discussion such as this on a very important topic, one that is top of mind for many in the industry.

There is no-cost to register. Please reserve your virtual place by registering online:

We look forward to your active engagement.

 

 

 

 

 

New Look Announces Record First Quarter Revenues

New Look Vision reported record revenues of $51.0 million and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $7.9 million for the first quarter ended April 1, 2017, representing increases of 14.5% and 8.3% respectively over last year. The increases were mainly due to the net addition of 20 stores in the last twelve months as well as same store sales growth of 1.9% over last year.

Adjusted net earnings attributed to shareholders, defined as net earnings adjusted to remove the impact of acquisition-related costs and equity-based compensation, for the first quarter were $2.4 million (or $0.17 per share) compared to $2.2 million last year (or $0.16 per share). Adjusted net earnings per share for the quarter compared to the first quarter of 2016 were up 6.3% (diluted). Net earnings attributed to shareholders were $1.3 million, compared to $1.8 million last year, the decrease being mainly due to higher acquisition costs and equity-based compensation. When these expenses are added back to net earnings, adjusted net earnings show an improvement of $200 thousand.

Cash flow from operating activities before income taxes paid and changes in working capital items was $7.1 million or $0.51 per share in the first quarter of 2017 compared to $6.7 million or $0.49 per share last year. Income tax instalments paid in the first quarter of 2017 were $1.7 million compared to $2.7 million for 2016.

Antoine Amiel, the President of New Look Vision, stated that: “The year is off to a positive start as evidenced by Q1 operating and financial results. Revenues, same store sales, adjusted EBITDA and cash flows showed solid growth. The Adjusted EBITDA percentage was lower than historical levels due principally to higher operating expenses as the company builds the staff and infrastructure necessary to facilitate future growth. During the quarter, the company acquired six additional stores in Toronto, Vancouver and New Brunswick pursuant to its mission to expand its footprint across the country.”

Following the approval of the results of the first quarter of 2017, the Board of Directors of New Look Vision approved the payment of a dividend of $0.15 per Class A common shares payable on June 30, 2017 to the shareholders of record as of June 22, 2017. The dividend has been designated as an “eligible dividend”, that is a dividend entitling shareholders who are Canadian resident individuals to a higher dividend tax credit.

Click HERE for full press release.

 

 

 

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