Many Americans Delay Eyecare Because They Can't Afford It

By Staff
Friday, January 18, 2019 3:47 PM Many Americans are postponing eyecare and other types of health care because they can’t afford it. According to research from financial website Earnin that was recently reported in Statista 54 percent of people in the U.S. who earn between $75,000 and $99,000 have delayed medical care in the past 12 months because they couldn't afford it. Not surprisingly, the percentage is higher for those in lower income brackets. The most commonly delayed types of care resulting from a lack of money are dental or orthodontic work (55 percent), eyecare (43 percent), and annual exams (30 percent).

Rockin’ for New Eyes Plans ’60s Theme for Annual Fundraiser

By Staff
Friday, January 18, 2019 12:27 AM NEW YORK—If you love the music of the ’60s, you’ll have a chance to experience the fun and excitement of it at Rockin’ for New Eyes, the annual rock ‘n’ roll fundraiser in support of New Eyes for the Needy. Organizers are spreading the word about the March 23 show as they prepare for the ’60s-themed night of live music and dancing. “Our RFNE concert has become a must-see event during Vision Expo East,” Jean Gajano, New Eyes for the Needy’s executive director, told VMAIL.

An Evolutionary Development

By Staff

Friday, January 18, 2019 12:25 AM At Shamir Optical, everything is set for the 2019 MIDO eyewear show, where the company will present a world preview of its new progressive lens, Autograph Intelligence.

ESL Investments Officially Named as Winning Bidder in Sears’ Bankruptcy Auction

By Staff
Friday, January 18, 2019 12:24 AM HOFFMAN ESTATES, Ill.—Sears Holdings announced Thursday that ESL Investments Inc. was selected as the winning bidder in the company's court-supervised auction earlier this week.

Riata Capital Group’s Acuity Eyecare Announces Acquisition of Family Eyecare of Winterset

By Staff
Friday, January 18, 2019 12:21 AM DALLAS—Riata Capital Group said Thursday that its portfolio company Acuity Eyecare Group has acquired Family Eyecare of Winterset, a single location practice based in Winterset, Iowa.

Shopko Announces Voluntary Chapter 11 Bankruptcy Filing and Restructuring Plan

By Staff
Thursday, January 17, 2019 12:30 AM GREEN BAY, Wis.—Shopko announced Wednesday that it has filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the U.S. Bankruptcy Code. As part of the restructuring process, the company said it will conduct another major round of store closings across its various store formats. At the same time, the company said it intends to relocate at least 20 optical centers that are located inside stores scheduled to close to new freestanding locations.

Eyecare Services Partners Names Susan Ludwick as SVP of Optical Services

By Staff
Thursday, January 17, 2019 12:27 AM DALLAS—Eyecare Services Partners (ESP), a leader in integrated eyecare services, has appointed Susan Ludwick as senior vice president of optical services. Ludwick brings more than 25 years of optical industry leadership experience to ESP, most recently as senior vice president and brand manager of Refac Optical Group, which operates U.S. Vision Inc., the sixth-largest retail optical chain in the U.S. market, according to an announcement this week. Ludwick also was executive vice president, retail partnerships, at Refac, and she held escalating operational leadership roles at U.S. Vision and was a regional training operations director and general manager for Luxottica.

ROI and BMO to Host Discussion on Buying an Optometry Practice

By Staff

Thursday, January 17, 2019 12:25 AM ROI Corporation and BMO will host a live discussion at the Mere Hotel, Winnipeg, on Thursday, Jan. 24 on the key elements that are involved in buying an optometry practice. The discussion will include key factors that affect the value of a practice, financing options, how to understand key numbers and how to choose the practice that is right for you.

Firm Sets Sealed-Bid Auction of Frameri’s Patent and Trademark Portfolio

By Staff
Thursday, January 17, 2019 12:18 AM SAN DIEGO—Heritage Global Patents & Trademarks has been appointed to auction the intellectual property of Frameri Inc., according to an announcement by the liquidation company on Tuesday. The intellectual property portfolio to be sold consists of granted patents, patent applications and trademarks and will be sold as one auction lot to the highest bidder. The deadline for submitting bids is Feb. 21, according to the announcement. The auction details are available here.  Frameri, which was launched in Cincinnati in 2014, was featured on the television show “Shark Tank” in 2015 for its innovative interchangeable frames and lens system.

America's Best Employers for Diversity

By Staff
Wednesday, January 16, 2019 1:56 PM Diversity has been trust into the spotlight in the wake of high profile sexual harassment, ethnicity and gender discrimination allegations during the emergence of #MeToo. A multitude of studies have shown that diversity can be a tremendous asset to companies with more diverse teams resulting in better financial results. Considering its importance, Statista and Forbes worked together to compile a list of America's best employers for diversity. That involved surveying 50,000 employees in the U.S. and examining the diversity of top executive teams and boards. It also looked at whether companies have leaders that promote diversity as well as whether a company proactively communicates about the topic.

More Americans Are Making No Weekly Purchases With Cash

By Staff
Wednesday, January 16, 2019 12:19 PM Americans are becoming less reliant on physical currency. Roughly three-in-ten U.S. adults (29 percent) say they make no purchases using cash during a typical week, up slightly from 24 percent in 2015. And the share who say that all or almost all of their weekly purchases are made using cash has modestly decreased, from 24 percent in 2015 to 18 percent today, according to a new Pew Research Center survey that comes as some businesses experiment with becoming cashless establishments. Adults with an annual household income of $75,000 or more are more than twice as likely as those earning less than $30,000 a year to say they do not make any purchases using cash in a typical week (41 percent vs. 18 percent).

Nau! Opens in Dubai

By Staff

Wednesday, January 16, 2019 12:25 AM Nau! has opened the doors to its first United Arab Emirates outlet at Dubai, expanding its presence on international markets.

Nikonexpert.it: Increasingly Digital

By Staff

Tuesday, January 15, 2019 12:25 AM In December 2018, the “Marketing” section of the NikonExpert.it portal added new and exclusive content for the web and social networks. Effective communication via digital channels will allow every Nikon Expert Optics Center to reach its customers and ensure their loyalty.

Takeda Completes Acquisition of Shire Earlier Than Expected

By Staff
Tuesday, January 15, 2019 12:24 AM OSAKA, Japan—Takeda Pharmaceutical Company Ltd. (TSE:4502/NYSE:TAK) announced late last week that it has completed its previously announced acquisition of Shire plc. Takeda said that, with the closing of the estimated $62 billion deal, it has become “a global, values-based, R&D-driven biopharmaceutical leader headquartered in Japan.” Takeda now will have an expanded geographic footprint and a leading position in Japan and the U.S., and will be in position to bring its innovative medicines to approximately 80 countries and/or regions with dedicated employees worldwide, the announcement noted.

Total Consumer Tech Revenue to Reach Record $398 Billion in 2019, Says CTA

By Staff
Monday, January 14, 2019 2:13 PM Artificial intelligence (AI) and fast connectivity—critical ingredients for the next era of category leaders such as smartphones, smart home devices and smart speakers—will drive the U.S. consumer technology industry to a record-breaking $398 billion in retail revenues ($301 billion wholesale) in 2019 and 3.9 percent year-over-year (YOY) growth, which includes streaming services revenue, according to the Consumer Technology Association (CTA).