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Fielmann Expands Thanks to US Acquisitions - Stock Under Pressure
Fielmann's Growth Strategy
German optical retailer Fielmann has been on an acquisition spree in the United States, purchasing several regional chains in recent years. This strategy has helped Fielmann to expand its presence in the US market and become one of the leading optical retailers in the country.
Fielmann's acquisitions have included:
* **2017:** Purchase of 104 Visionworks stores
* **2018:** Purchase of 414 America's Best Contacts & Eyeglasses stores
* **2019:** Purchase of 194 Eyemart Express stores
These acquisitions have given Fielmann a strong presence in key US markets, including California, Florida, and Texas. Fielmann now operates over 700 stores in the United States, making it one of the largest optical retailers in the country.
Stock Market Reaction
Despite Fielmann's strong growth in the US market, its stock price has come under pressure in recent months. The stock price has fallen by over 20% since the beginning of the year.
There are a number of factors that may be contributing to the decline in Fielmann's stock price, including:
* **Competition:** The US optical retail market is highly competitive, with a number of large players, including Luxottica and Warby Parker.
* **Rising costs:** Fielmann has been facing rising costs, including the cost of goods sold and labor.
* **Economic uncertainty:** The global economy is currently facing a number of uncertainties, which may be impacting investor sentiment towards Fielmann.
Despite the recent decline in its stock price, Fielmann remains a strong company with a solid track record of growth. The company's expansion into the US market is a key part of its growth strategy, and Fielmann is well-positioned to continue to grow in the years to come.