21/03/2002

Specsavers reveal UK jobs expansion plan

The UK's biggest optical retailer, Specsavers Opticians, is to open 70 new stores throughout the UK in the coming year, creating 1,000 new jobs.

Having increased its market share to 27 per cent last year, Specsavers now hope to seriously challenge high street and supermarket competition through its expansion plan.

The company's founder and group chairman, Doug Perkins, said: "We hold the largest share of the UK market and in a climate of increased competition, we are still maintaining our lead with more than twice the market share of our nearest competitors.

"Supermarkets are being hailed as the biggest threat to high street opticians but we believe we can go head to head with them on price and choice, which is illustrated by the huge increase in customers who value our local, trusted expertise and advice, along with quality of lenses."

Specsavers plans to grow its share of the UK market by another two per cent in 2002. The group, which last year recorded sales of £430 million, is among just a few British retailers enjoying success in Europe and is the third largest optical retailer in Holland.

They also expect to launch plans for major expansion in the rest of Europe in the near future.

(MB)

Related Northern Ireland Business News Stories
Click here for the latest headlines.

02 October 2012
Local Firms To Profit From Ground Based Optical Telescope In Chile
Invest Northern Ireland has highlighted the potential for local companies to profit from the proposed construction of the world's largest ground based optical telescope in Chile.
18 June 2004
Tesco report jump in UK sales
Tesco's UK market share has taken another jump after its quarterly results defied forecasters expectations. Tesco's latest quarterly trading report revealed that total UK sales for the 12 weeks ending May 22 were up 11.1% - significantly ahead of industry forecasts. The UK operation of Tesco reported like-for-like sales up 7.
25 May 2004
Profits edge up though M&S recovery 'falters'
Marks & Spencer profits have shown a slight rise, but the company has conceded that the anticipated turnaround by the group has faltered. Pre-tax profits were up by 0.5% to £763.2 million, which was a little better than analysts had been forecasting for the retail chain group.
10 May 2019
Belfast Office Investment Market Outperforms Other UK Cities
A recent review by MSCI Real Estate and Ulster University has revealed that Belfast is outperforming London, Manchester and Cardiff with regards to total returns from investment in offices. The influential Northern Ireland Commercial Property Investment Review 2018 showed that total returns for Belfast reached 12.
18 February 2002
Temps directive will damage UK labour market
The proposed EU directive on agency workers, giving them comparable terms and conditions to permanent staff, will damage the UK’s labour market flexibility, according to people management specialists the Chartered Institute of Personnel and Development.