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This excerpt taken from the LUX 6-K filed Mar 7, 2007. Retail: a significant opportunity in sun, more steady growth from optical In 2007, the Group plans to further extend its sun retail brand Sunglass Hut to profit from growth in demand for fashion and luxury sun wear. Growth in sun is expected to come from: traditional markets — mainly in the U.S., but also in Asia-Pacific and Europe, where the Sunglass Hut business has recently returned to profitability after a successful restructuring; new markets — from the Middle East and Hong Kong to Macao and South Africa; and new channels — especially department stores and travel retail. In optical, Luxottica expects more steady growth and to continue to enjoy the benefits of ongoing investments in its store base both in North America and Asia-Pacific, the renewed strength of its brand portfolio and its focus on higher value-added products, including the ongoing roll-out of new lens technologies. In terms of profitability, Luxottica expects 2007 to produce more of the benefits of the Group’s ongoing focus on improving overall operating efficiency. |
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